Crypto 'scammers on overdrive' as Binance customers pull billions from accounts after $6.3bn hack
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TL;DR
- Binance is recovering from a $6.3 billion hack, with customers withdrawing $3.6 billion in net outflows.
- Binance founder Changpeng Zhao warned that scammers are targeting customers trying to withdraw funds.
- US spot Bitcoin ETFs saw $643 million in net outflows following the hack.
- Ryanair expects jet-fuel costs to increase by €2 billion in its next financial year, potentially leading to higher ticket prices.
- Ryanair is reviewing costs, including pay freezes, reduced crew ratios, and increased AI use.
- Alstom's shares dropped 28% after cutting profit and cash flow forecasts for the second time and announcing plans to cut €2 billion in debt.
- Eurozone manufacturing grew in October, although the pace slowed, indicating resilience against trade tariffs, conflicts, and energy costs.
- Financial regulators globally are discussing cybersecurity measures with crypto exchanges.
- Oil prices retreated amid reports of potential diplomatic efforts with Iran.
- Chainalysis also reported a cyber attack, distinct from the Binance incident.