Day News Recap: Binance hit by record crypto hack as Middle East tensions and Ukraine strikes escalate
Binance said hackers stole about $6.3bn from its wallets in what appears to be the largest cryptocurrency theft on record, forcing the exchange to suspend deposits and withdrawals while it froze $2.54bn in funds amid a potential security issue. The company said the attack began with a staff laptop compromise and that it was still assessing the full scale of the breach. 🔗 🔗Maritime security fears deepened in the Gulf after Iran's Revolutionary Guard said two oil tankers encountered incidents in the Strait of Hormuz, while Qatari mediators arrived in Tehran to push ceasefire diplomacy between the United States and... [Continue Reading]
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Switzerland reopens diplomatic office in North Korea after rare ministerial visit
Switzerland has formally reopened its diplomatic office in North Korea after closing it in 2020, marking a rare diplomatic step in Pyongyang. The move came as Foreign Minister Ignazio Cassis completed a two-day visit to the country, during which he held talks on political relations and security on the Korean Peninsula. The office began operating on October 19 and was formally reopened on Thursday.Cassis said he discussed "regularising political relations and reestablishing a political dialogue" during the visit. He also said the talks covered security on the Korean Peninsula and broader Eurasian security challenges. According to the Swiss foreign ministry,... [Continue Reading]
EU reopens €21.3bn in unused SAFE defence loans and urges joint projects with Ukraine
The European Commission has reopened €21.3bn in unused defence loans under the Security Action for Europe programme and is pressing member states to consider joint projects with Ukrainian companies. The move comes as Ukraine faces a large budget shortfall and continues to deal with damaging airstrikes. The funding round is part of the EU's effort to strengthen defence production and capabilities while also supporting cooperation with Kyiv.The new call for proposals runs until 13 November, after several member states borrowed less than expected in the first round. Italy, Hungary and France were among those that took up far less than... [Continue Reading]
