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Binance’s $6.3 Billion Hack Is Just the Start of a Risky New Era

The largest cyber heist in history came as attackers increasingly use artificial intelligence and other advanced techniques to steal crypto and quickly launder the funds.

© Tyrone Siu/Reuters

The founder of Binance, Changpeng Zhao, in Hong Kong in August. The company, the world’s biggest crypto exchange, has promised to make customers whole.
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Polymarket and Kalshi Face a Major Accuracy Test: The Midterms

Studies have shown that the betting sites can predict races correctly, but their ability to forecast U.S. midterm elections is an important proving ground.

© Hilary Swift for The New York Times

Prediction platforms like Polymarket are hoping the U.S. midterm elections will be their moment to shine.
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How One Country Became the Unlikely Crossroads of the Global A.I. Boom

In Malaysia, U.S. and Chinese tech giants are pouring billions into vast data centers, straining local resources and testing the limits of Washington’s restrictions on advanced chips.

© Ulet Ifansasti for The New York Times

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Binance Suspends Withdrawals After Crypto Hackers Steal $6.3 Billion

The crypto exchange said it was compromised in what could be the biggest crypto heist ever. One research lab attributed the theft to “North Korea’s elite hacking unit.”

© Antonio Masiello/Getty Images

Changpeng Zhao, Binance’s founder, said the incident “does look like a hack.”
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Polymarket and Kalshi Turn Midterm Elections Into a Multimillion Dollar Market

Betting markets like Polymarket and Kalshi have transformed America’s democracy into a new kind of casino.

© Hilary Swift for The New York Times

David Bensoussan has placed wagers worth over $1.5 million in over a dozen midterm races.
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Big Tech’s Data Center Blitz Is Burning Through Cash and Scaring Wall St.

Amazon became the latest tech company to announce swelling investments in A.I. amid stumbling share prices.

© Nathan Howard for The New York Times

Amazon is spending heavily on new data centers to operate with this one in Ashburn, Va.
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