Binance's initial investigation suggests that the security incident may involve a compromised DevOps engineer’s laptop, which allowed an attacker to gain access to a service container and submit unauthorized withdrawal transactions. We have found no evidence of any wallet private key leak. We will share a detailed technical post-mortem once the investigation is complete and the facts are fully verified. The estimated total impact sits at around $6.3B. We have worked with blockchain partners to freeze affected assets, with ~$3 billion frozen on-chain so far. Binance will cover all losses from the SAFU fund and the company’s funds. User funds are safe. We will also publish an updated Proof of Reserves once the remediation is complete. As an immediate precaution, Binance has: - temporarily suspended deposits and withdrawals while security checks are completed; - revoked the affected address authorisation; - engaged law enforcement and blockchain intelligence partners to trace and recover funds. Our teams are working around the clock to resolve this issue safely and thoroughly. We are working closely with our law enforcement partners to confirm the identity of these criminals and bring them to justice. Please rely only on official Binance channels for updates. Please feel free to contact Binance Customer Support if you have any further questions.

I got into @ycombinator I'm 18, solo founder, and 3 years ago was studying 10th grade at a random city in Iran (Qazvin, love it). In Iran, I had to build my own VPN to access UK curriculum material, then got myself into a boarding school in Oxford, paid the tuition by selling my AI thing, and then got a full-ride to study AI at Rice University. After I got in the US I did some more things that led to Magma. I don't have much to say for advice as I'm unlearning a lot recently. However, as an observation, the laws of physics seem to be flexible enough that you can simply do things; anything in fact. Human brain just evolutionarily underestimates that flexibility. PS: Repost and I'll send you the full application that got me in.

Big news: Kimi-K3 by @Kimi_Moonshot is now #1# in the Frontend Code Arena with 1679 pts, surpassing Claude Fable 5. This is a 17-place jump from Kimi-k2.6 (#18# -> #1#). In Frontend, Kimi-K3 ranked #1# in 6 of 7 domains: Brand & Marketing, Reference-Based Design, Data & Analytics, Consumer Product, Simulations, and Content Creation Tools, landing #2# only in Gaming behind Fable 5. The full model weights will be released by July 27. Congrats to the @Kimi_Moonshot team on this major milestone!