This week in tech, we’re discussing the fallout from the multibillion-dollar hack of Binance and the significance of Lula’s political mobilization on WhatsApp .

And if you’ll be at Web Summit in Lisbon next week, drop me a line! I’ll be there moderating panels on open-source AI and human agency in the age of AI agents.

After a multibillion-dollar hack, Binance faces a crisis of trust

The world’s largest cryptocurrency exchange endured the world’s largest online theft late last week. Binance was hit by a $6.3bn heist that, according to experts, was likely the work of North Korean hackers.

More than $2.5bn of the $6.3bn was taken in one transaction alone. A Binance engineer’s laptop was infiltrated, which in turn allowed the attackers to drain wallets. Binance later added that there were “additional points of breach” in its systems. The exchange said on X it would “cover all losses” and that “user funds are safe”.…