#technology

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Manifestos, Fear, and ‘Loser Thinking’: Inside Proton’s AI Reckoning Andy Yen, the CEO of Proton, had a message for an employee in the company’s security Slack channel who urged the company to at least take a few days to pentest newly written code before pushing it live. “That’s bullshit and loser thinking. Of course it’s possible to be fast and secure,” Yen wrote in the channel at the end of August. “Stop thinking always of how to be slower, and focus more on how to be faster.”
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Crypto giant Binance freezes $2.5bn of assets over suspected hack Cryptocurrency giant Binance said on Thursday that it has frozen digital assets worth more than $2.5bn (£1.87bn) to prevent them from being stolen while it investigates a security issue. The company said as part of a series of alerts online that all deposits and withdrawals are temporarily suspended while its teams conduct security checks and that the firm will “cover all losses”. “It does look like a hack on Binance,” said Binance’s former boss Changpeng Zhao, who remains a majority shareholder of the firm.
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Attacker gets away with up to $3 billion from Binance Article is by Molly White, who you might recognize from Mastodon and web3isgoinggreat.com: hachyderm.io/@molly0xfff/117526961419935070 I wrote up what we know about the Binance hack so far. By my best estimate, Binance is out around $3 billion after stablecoin issuers froze what they could. Changpeng Zhao is promising Binance will cover it, but he’s legally barred from running the company.
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