The Daily Wolf | Binance's $6.3 billion hack is four times the size of the old record.

From The Daily Wolf with Scott Melker, live weekdays at 12pm ET on Yahoo Finance. Binance says hackers stole $6.3 billion, the largest exchange hack on record and about four times last year's Bybit theft. A compromised engineer's laptop opened the door, Tether and Circle have frozen roughly $3 billion of the funds, and Binance says it will cover the rest itself. Scott also covers Nasdaq's fight against a rival tokenized-stock venue, presses Michael Saylor on Strategy's own tokenization plans, and breaks down why Big Tech's earnings selloff rattled markets more than the hack did. Plus Coinbase's earnings and two more wallet-security scares. FeaturingScott Melker, Host, The Daily Wolf, Yahoo Finance Timestamps0:00 Breaking down the $6.3 billion Binance hack2:52 Binance's reserves and how exposed it really is5:17 Who's really behind the hack7:01 Nasdaq's quiet war on tokenized stocks9:32 Scott presses Saylor on Strategy's own tokenization10:41 Why Wall Street's day was worse than Bitcoin's11:55 Coinbase's earnings mirage, and the hacks keep coming #Binance #Bitcoin #Crypto #DailyWolf #YahooFinance Watch every episode on Yahoo Finance: https://finance.yahoo.com/videos/series/daily-wolf/ If you enjoyed this episode, follow the show and leave a rating. It helps more than you know. Follow Scott Melker:Watch on YouTube: https://www.youtube.com/@ScottMelkerFollow Scott on X: https://x.com/scottmelkerThe Wolf Den newsletter: https://thewolfden.substack.com Learn more about your ad choices. Visit megaphone.fm/adchoices