Big Tech AI bailouts, SRE deskilling, and Binance's $6.3B hack
First things first
AI headlines feel less like magic and more like a pricey gamble, with market jitters, funding shortfalls, and security breaches piling up. As automation takes routine work, people still need the skills to handle the weird failures.
Meanwhile, retro tech thrives, from classic Macs on a Wii to an NES inside AI weights. There’s grief, wonder, and questions about who pays for progress and what gets left behind.
The top 6
AI Isn't Replacing SREs. It's Deskilling Them
The $6.3B Binance Hack Was Pulled Off in Just 20 Minutes
Hackers stole about $6.3 billion in cryptocurrency from Binance wallets across at least 10 blockchains, draining most of it in roughly 20 minutes. Investigators suspect North Korea’s TraderTraitor group; Binance and other firms have frozen about half the funds, while much of the rest may be unrecoverable.
Northflank Breached
Anthropic may not secure investment-grade rating after IPO, Blackstone says
Medicare Will Pay $50k for Your Heart Attack. It Should Pay $100 to Prevent It
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Quote of the day
I have learned over the years that when one's mind is made up, this diminishes fear.
Rosa Parks
Also big today
US tech stocks see sharp falls over AI cost fears
Through Captain Jean-Luc Picard, Patrick Stewart taught us the measure of a man
Proton's CEO Cancels AI 'Re-Interviews'
Cisco gives engineer unlimited AI tokens to rewrite 98% of the company's code
My favourite PowerMac is a Nintendo Wii
The Federated Code Forge
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Worth a look
A Working Nintendo in ~1GB of Qwen Weights
Florilegium: Procedural Flowers in LaTeX
Tell HN: Scribd Breached
Scribd disclosed a security incident in which an unauthorized party may have accessed users’ email addresses, partial payment card details, country, issuer, expiry date, and payment history. The company says it secured the affected system, notified authorities, and advises users to watch for phishing.
Blockchain intelligence firms link North Korea to $6.3B hack on Binance
OpenAI raises less than half of $30B target
Linode Security Incident
Song of the day
Deep cuts
Bunny CDN Security Incident
Bunny.net removed an Armenia CDN server after its infrastructure provider reported unauthorized access; investigations found no evidence the server or its data were accessed. Bunny.net is reissuing TLS certificates with new keys, with managed custom-domain certificates expected to be replaced by October 31; customers using managed certificates need take no action.
Show HN: To Honor Sir Patrick Stewart, Enjoy the TNG Episode Guessing Game
Infinite Mac: BeOS
French national assembly votes 0.055€/GB internet tax
France’s National Assembly adopted an amendment imposing a €0.055-per-gigabyte levy on online content providers, with internet providers measuring data use and revenue caps limiting the charge. The measure could raise up to €10 billion and may increase costs for streaming, gaming, and cloud services.