Taylor Monahan discusses the $6.3 billion Binance hack.

In the podcast, SEAL researcher Taylor Monahan discusses the $6.3 billion Binance hack, industry efforts to freeze stolen funds, and the issue of fake IT staff infiltration. Taylor Monahan pointed out that hackers lurked in the system for weeks and analyzed the industry's response to hacking attacks and the challenges of preventing fake IT employees.

[$31.29 million worth of BTC was traded in a single transaction, originating from Hyperliquid perpetual contracts.] Active funds made concentrated moves; is there deeper contention behind?

Binance - MET is currently priced at $0.3084, up 10.14% in the last 24 hours. 24-hour trading volume was $35.47 million, representing a 156.6% increase. (For reference only.)

Former FBI agent Patrick Steven Yaroch pleaded guilty on November 5 to wire fraud and money laundering. He used his official authority to obtain cryptocurrency credentials collected during an FBI investigation and carried out approximately 100 fraudulent transfers, illegally profiting about $2.47 million. Patrick Steven Yaroch stole assets from wallets controlled by his investigation subjects, hostile state actors, and wallets created by the FBI, and used some of the funds to pay off personal debts. Sentencing is scheduled for March 4, 2027, and he faces a maximum sentence of 20 years in prison. (Source: U.S. Department of Justice)

[US Government Approves New Matrix's Purchase of Nvidia H200 Chips] The US government has approved the purchase of Nvidia's H200 AI chips by the Chinese company New Matrix, but the company's registered office address is vacant. New Matrix was established approximately 17 months ago, with little publicly available information. The company is not listed in the directory of companies at its registered address, and campus property management personnel stated they have no record of it. The company's owner is associated with a Chinese private equity firm that has been blacklisted by the US since 2024. It is not an isolated case for a company associated with an entity subject to US national security-related trade restrictions to be allowed to purchase Nvidia chips. (Source: The Verge)