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Binance lost about $6.3 billion from its hot wallets on October 29, most of it in a 20-minute burst, in an attack the FBI pins on North Korea.

Austin Campbell, Ram Ahluwalia, and Chris Perkins debate whether AI favors attackers or defenders, why Ram says digital assets have failed to secure customer deposits, and Austin’s argument that crypto never built the withdrawal delays and circuit breakers TradFi treats as basic risk management.

Hosts:

• • Austin Campbell – Host of Bits + Bips, Founder of Zero Knowledge Group, and Adjunct Professor at NYU Stern
  • Ram Ahluwalia – Co-host of Bits + Bips and CEO of Lumida
  • Chris Perkins – Co-host of Bits + Bips and Head of Franklin Crypto

This clip is from a longer conversation on the Binance hack, ICE’s push into Hyperliquid-based perps, tokenized stocks, the AI selloff, and the midterms. Full episode here.

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