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Hackers hit top financial platforms — users suffer staggering losses

1 week 3 days ago


Two popular financial platforms came under attack Thursday within hours of each other. The cryptocurrency platform Binance and prediction market platform Polymarket both suffered huge losses totaling billions of dollars, and it was all stolen directly from users’ accounts.

Both platforms are juggernauts in their categories. Binance is by far the biggest cryptocurrency exchange on the planet, boasting 335 million users, which makes it a prime target for hackers. Meanwhile, Polymarket is the leading prediction market, edging out Kalshi for global dominance.

Binance revealed that it set aside $6.34 billion to recuperate the losses suffered by its users.

Binance was the first to take a hit. According to an official post sent out by the company’s X account:

Our teams are aware of reports of a potential security issue and are actively investigating. User funds are completely safe.

Our security teams are reviewing all relevant information with urgency, and we will provide updates through official Binance channels as soon as we have verified information.

Users should remain cautious of scams and should not trust unofficial links, messages, or requests for account information.

Unfortunately, the claim that user funds were safe and secure quickly fell apart. In the next 24 hours, Binance revealed that it set aside $6.34 billion to recuperate the losses suffered by its users, all of which Binance vows to pay back in full.

Users can currently deposit money into their Binance accounts, but withdrawals are paused as the company works with law enforcement and blockchain experts to investigate the attack. So far, they know it is linked to TraderTraitor, a hacking group based in North Korea.

RELATED: Another major AI attack hits the internet — this time targeting the backbone of American capitalism

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Around the same time, Polymarket was hacked, with bad actors siphoning $2.7 million from 737 users’ accounts. The attack was made possible through a vulnerability in a third-party system that allowed the attackers to intervene in active trading sessions and take funds.

Just like Binance, Polymarket has vowed to repay the affected users. Trading on Polymarket was halted temporarily while the issue was resolved. All systems are now back online.

Although the Polymarket story may be over, the Binance debacle is still developing, even as it closes out a tumultuous Black October. Blaze News will have an update on the latest early next week as more details unfold.

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'You're already forgiven': Sophie Cunningham says her Christian faith helps her deal with haters in the WNBA

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Popular and controversial women's basketball player Sophie Cunningham opened up about why her Christian faith is pivotal to her life.

On Thursday's episode of his "This Past Weekend" podcast, comedian Theo Von asked the Indiana Fever player to talk about her religious beliefs.

'There's nothing that you can or can't do that's gonna separate you from God's love and grace and forgiveness.'

"Let's talk about your faith. You got baptized as an adult, right?" Von asked.

"I'm gonna bring you to church with me," she responded.

Cunningham said she doesn't have a home church because of her lifestyle but said she is very connected to her faith.

"I was raised Catholic, but now I'm just like more Christian. I can never say this word — nondenominational? Just said it," she joked.

"I love Jesus, and I've actually listened to you a little bit that you're starting to kind of maybe get into it or intrigued by it a little bit," she added.

"Oh, yeah," Von responded.

"Or maybe that was just you not actually. I don't know, but it's OK. But all I'm saying is, I rely a lot on my faith because of what I do for a living. You get a lot of hate; you get a lot of praise. And I think that just morally in my head, everything, it just keeps me stable, and it keeps me to be who I am," she added.

"I don't care what people's opinions are about me because I'm not living for their praise," Cunningham said.

Von said that he really liked having a prayer connection with God but admitted that he felt bad when he neglected that connection.

"I feel you. ... There's nothing — I'm just gonna say this, and this is for the people listening too, but there's nothing that you can or can't do that's gonna separate you from God's love and grace and forgiveness," she responded.

"That's why Jesus came and died on the cross because He already knew everything you were going to do. So, I mean, that's up to you now to kind of educate yourself and read the Bible," Cunningham added.

"But you're already forgiven," she added.

"I understand that. ... I just feel more of personal connection when I'm prayed up," he said.

"Yeah!" she responded.

"My buddy say, 'Stay prayed up.' My buddy, he say that all the time. 'Stay prayed up.' It's almost like if you talk to somebody every now and then, then you don't have to catch up with them," he added.

"Well, that's a thousand percent what it is," she replied.

"That's what I'm saying," he added.

Von reiterated that sometimes he gets busy and neglects his prayer life.

"That's natural. That's what it is to be human. You just gotta prioritize the good," she replied.

Cunningham went on to praise the people who were "bold and courageous" about speaking out publicly about their faith. She said she believes there is a revival under way.

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Cunningham also told Von he should bring on experts to talk more about the interaction between science and faith.

"Yeah. We want to have the pope on, but he won't. I don't even know if he has a phone," Von responded.

"I mean, someone has a phone around there," she responded. "They're not the Amish. And even the Amish have phones."

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