How Hackers Drained $6.3B From Binance
Summary
This episode covers the $6.3 billion hack of Binance, attributed to North Korea, which exposed vulnerabilities in the exchange's security and triggered a broader industry crisis. It also details Amazon's Q3 earnings, where massive AI capital expenditures and slowing retail growth caused shares to dip, alongside Spotify's plans for a $5 monthly AI remix tool. The long reads examine the challenges of using AI to forecast a historic El Nino and the declining attendance at the Old Fiddlers Convention in Virginia.
Topics discussed
Intro: Crypto heist, Amazon AI, and Spotify news
Sponsor: Rubrik agentic cyber resilience
Binance hacked for $6.3B; SAFU fund and response
Technical breakdown: EIP-7702 and the attack vector
Amazon earnings: AI spending surge and retail slowdown
Sponsor: Chargebee pricing and billing infrastructure
Sponsor: Intuit Enterprise Suite ERP
Spotify plans $5/mo AI remix tool for Q1 2027
Long Read: AI forecasting and the historic El Nino
Long Read: The decline of the Galax Old Fiddlers Convention
Outro: Park Slope celebrities and Patrick Stewart
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