A North Korean unit was likely behind the hack that impacted more than $6 billion on Binance, the world’s biggest cryptocurrency exchange, according to a U.S.-based blockchain intelligence firm.

Binance said it worked with blockchain partners to freeze roughly $3 billion in affected assets. It said Friday that it was beginning to recover assets for users.

The cryptocurrency exchange said deposits were unaffected, while withdrawals have been suspended and are expected to resume in the next day or two. It said it will cover all losses.

The company said on X that an initial investigation suggested the incident may have involved a compromised laptop, but that a subsequent investigation uncovered additional “points of breach.”

Blockchain intelligence firm TRM, in a post on its website Thursday, attributed the attack to TraderTraitor, which it described as North Korea’s elite hacking unit. “We make this judgment with high confidence,” the firm said.

“An attacker moved approximately USD 6.36 billion out of Binance wallets on ten blockchains, most of it in about 20 minutes,” TRM said. That would make the hack the largest cryptocurrency theft on record, it said.

In February last year, another cryptocurrency exchange, Bybit, suffered a $1.5 billion hit when it was hacked. The FBI said North Korea and TraderTraitor were responsible for the hack.

“Several features of this attack match earlier North Korea-linked heists, including the Bybit hack,” TRM said.

Blockchain analysis company Chainalysis also believed the Binance hack was “likely done by DPRK group TraderTraitor,” its co-founder and CEO Jonathan Levin wrote on X. DPRK stands for the Democratic People’s Republic of Korea, North Korea’s official name.

Asked about the potential ties to North Korea, a Binance spokesperson said only that the company is “working closely with our law enforcement partners to confirm the identity of the criminals and bring them to justice.”

Experts say North Korea has turned to crypto hacking and other illicit cyber activities as a source of badly needed foreign currency to support its troubled economy and fund its nuclear program in the wake of tough U.N. sanctions and other difficulties.

In December 2022, South Korea’s spy agency said North Korean hackers had stolen an estimated $1.1 billion in cryptocurrency and other virtual assets in the past five years, more than half of it in 2022 alone. It said North Korea’s capacity to steal digital assets was considered among the best in the world.

Changpeng Zhao founded Binance in 2017. In 2023, he pleaded guilty to a felony linked to failing to prevent money laundering on the platform, and stepped down as the company’s CEO. President Donald Trump pardoned Zhao last year.

Zhao posted Thursday on X that “User funds are safe!” but added that the theft “does look like a hack on Binance.” He added that while he doesn’t manage Binance anymore, “as a shareholder, I expect all user funds will be fully covered.”

The hack, meanwhile, also raises questions about why stronger approval controls were not in place, said Kok Tin Gan, co-founder and CEO of cybersecurity firm NyxLab.

“This looks like one signature that gave the attacker a never-expiring, full-access token to a Binance hot wallet,” he said, referring to cryptocurrency wallets that hold users’ “private keys,” or unique authorizations, digitally and which are connected to the internet.

Binance said on X it had “found no evidence of any wallet private key leak” and that the company would release more technical details when its probe is complete.

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Death row inmate Christa Pike said she is in constant pain since surviving a lethal injection in Tennessee last month but thankful for the love and support she has received.

Pike issued her first public statement through her attorneys on Friday. She said she went into the execution chamber prepared to die in peace and woke up alone and confused in a hospital bed.

“There hasn’t been a moment since that night when I haven’t been in pain. My body hurts. My arms hurt. My hands hurt. My throat hurts. I still struggle to speak. And the pain isn’t just physical. There is pain in my mind and in my soul,” Pike said.

Pike, 50, said she had not contemplated a life beyond her execution date.

“I’m deeply hurt by the incompetence that has put so many people in this terrible position. I continue to think about my victim’s family and the terrible pain and loss they have endured,” Pike said.

Pike survived two doses of pentobarbital as the state tried to execute her on Sept. 30 for the 1995 stabbing death of classmate Colleen Slemmer. She was 18 when she tortured and killed Slemmer with her boyfriend, becoming one of the youngest women to be sentenced to death.

She said she is thankful for the medical workers who saved her life and the people who showed her kindness.

“I don’t know why I survived that night. I don’t know what comes next. Some days, finding hope is harder than others,” she said. “For now, I am trying to heal, one day at a time. And I am holding on to the love and kindness of so many people who have reminded me that I am not alone.”

Pike’s attorneys have urged Tennessee Gov. Bill Lee, R, to reduce Pike’s sentence to life imprisonment. Lee told reporters this week that “I suspect her sentence will be the same as before unless determined otherwise by the courts.”

Lee called for an investigation into what happened during the failed execution and postponed the state’s other lethal injection scheduled this year.

Friday’s statement was dictated to Pike’s legal team from the infirmary at the prison where she is housed.

Pike was hospitalized in the immediate aftermath of the failed execution and then moved back to prison at the Debra K. Johnson Rehabilitation Center.

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The world's biggest cryptocurrency exchange reported Thursday that approximately $6.3 billion was impacted in an apparent hack.

(Image credit: Matt Slocum)

The world's biggest cryptocurrency exchange reported Thursday that approximately $6.3 billion was impacted in an apparent hack.

(Image credit: Matt Slocum)

It wasn't immediately clear the extent of the damage hackers might have been able to cause, and Binance had not explicitly confirmed that funds had been pilfered. The company said its teams are "working around the clock" to resolve the issue.

(Image credit: Matt Slocum)

It wasn't immediately clear the extent of the damage hackers might have been able to cause, and Binance had not explicitly confirmed that funds had been pilfered. The company said its teams are "working around the clock" to resolve the issue.

(Image credit: Matt Slocum)

DETROIT (AP) — Michigan Democratic Senate candidate Abdul El-Sayed will campaign Sunday in Detroit alongside former primary rival Rep. Haley Stevens, marking their first public appearance together in months after a week in which lingering divisions spilled into public view.

The two will be joined by South Carolina Rep. Jim Clyburn, one of the country’s most prominent Black politicians, at a get-out-the-vote event at a Detroit church, according to two people familiar with the plans who were not authorized to discuss them publicly. The event was first reported by The Associated Press.

The joint appearance — their first since a Democratic unity breakfast days after the Aug. 4 primary — follows weeks of Democrats struggling to unite behind El-Sayed following his razor-thin victory over Stevens. She received significant support from the Jewish and Black communities, leading to concerns about turnout in the general election.

Tensions again spilled into public view Wednesday when Stevens’ fiancé, Jason Turkish, told The Detroit News that he would vote for Republican Mike Rogers.

Hours later, Stevens appeared on CNN to reaffirm that she would be voting for El-Sayed, but urged his campaign to “shut out the hate and call it out.” She said El-Sayed needs to reach out to people who were part of her coalition and “make them feel comfortable about coming to the polls.”

Asked Thursday evening about the upcoming event with Stevens, El-Sayed said “we’re always trying to unify the party” and it hadn’t happened sooner because of their busy schedules. El-Sayed then criticized the reporter for the question, saying “nobody cares” about internal party dynamics when the cost of living is so high.

While significant, the joint appearance comes just days before the election

El-Sayed and Stevens last appeared together on Aug. 6, two days after the primary. Stevens pledged to support El-Sayed, telling CBS News she would do “whatever he wants me to do” on the campaign trail.

But divisions from the contentious primary have persisted. Nearly $60 million was spent on advertising attacking El-Sayed, including $30 million from the American Israel Public Affairs Committee, or AIPAC. Stevens is a staunch supporter of Israel who represents a district with a large Jewish community in Detroit’s suburbs.

The church visit on Sunday is intended to further that elusive unity, although its impact is uncertain, given that it comes just two days before the election. Michigan early voting started Oct. 24.

“We’ve got a Black and Jewish coalition that came out and voted for me in droves. And I want them to come out and vote for Democrats,” Stevens said to CNN on Wednesday.

El-Sayed’s criticism of Israel, past remarks and his association with controversial streamer Hasan Piker have long drawn concern from some in Michigan’s large Jewish community. Turkish and others have said El-Sayed hasn’t done enough to address concerns ahead of the general election.

The latest controversy centered on an ad by Rebellion PAC, an independent left-wing group, that linked U.S. support for Israel to high grocery prices.

“That has nothing to do with our campaign,” El-Sayed said of the ad. “It’s certainly not what I want to be talking about right now.”

Stevens and other Democrats urged him to go further to denounce the content of the advertisement rather than merely distancing himself from it.

Trump’s rhetoric and actions create challenges for Republicans.

Republicans face political challenges of their own, particularly voter dissatisfaction with Trump, the Iran war and high costs. Rogers has remained closely aligned with the president on most issues, appearing alongside him at a Michigan rally Sunday where he credited Trump with bringing manufacturing jobs back to the state.

The rally took place in Port Huron, just across the river from Canada, a country with deep economic ties to Michigan that Trump has targeted with tariffs.

El-Sayed has held campaign events in heavily Republican areas, including Michigan’s Upper Peninsula. His team also released an ad featuring clips of prominent conservative figures praising him, including former Fox News host Tucker Carlson, who has faced accusations of antisemitism that he denies.

But the ad created another source of friction with some Jewish voters.

Rabbi Aaron Starr of Congregation Shaarey Zedek in Southfield criticized both the Rebellion PAC ad and El-Sayed’s campaign ad during a call with reporters.

“We are one week away from the election, and it feels like the temperature has turned way up,” Starr said. “Instead of things getting better over the last seven weeks, they’ve actually gotten worse.”

Rogers, meanwhile, appeared Wednesday with Republican Sen. Ted Cruz of Texas at an event hosted by the Republican Jewish Coalition in Birmingham, Michigan. Cruz called antisemitism “a poison that is ripping the country apart” and accused Democrats of being taken over by “self-proclaimed communists and Islamists.”

Trump has repeatedly attacked El-Sayed’s Muslim faith, calling him a “jihadist” and saying Sunday that he was “on the side of terrorists.”

Both campaigns make a final push for Black voters

Both candidates are trying to win over Black voters, particularly in Detroit’s Wayne County, where Stevens defeated El-Sayed in the Democratic primary.

El-Sayed’s event with Stevens and Clyburn is part of an effort to shore up support among Black voters. Much of El-Sayed’s final campaign stretch has included appearances in Detroit.

Rogers has also sought to make inroads with Black voters. He visited a reading remediation program at a Detroit high school and discussed housing costs with residents in Pontiac, north of the city. Earlier this month, his wife handed out $10 gift cards at a gas station.

The gesture drew criticism from Ruby Farmer, a 68-year-old Detroit retiree.

“You’re giving out gas cards in the inner city; you never would come for any other reason,” Farmer said.

While Farmer has a bit of difficulty pronouncing El-Sayed’s name, she cast her ballot for him three weeks ago anyways. El-Sayed has come out in opposition to policies by Trump — policies Farmer says directly impact her family.

“I have a special-needs son,” said Farmer. “He depends on Medicaid. Medicaid has been cut, and for home care workers in Michigan, all the benefits are on hold.”

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The announcement Wednesday is the latest action by the allies, who have repeatedly expressed alarm over China's growing assertiveness in Asia.

(Image credit: Rolex Dela Pena)

The announcement Wednesday is the latest action by the allies, who have repeatedly expressed alarm over China's growing assertiveness in Asia.

(Image credit: Rolex Dela Pena)

This move comes about a year before President Xi Jinping is expected to secure his fourth five-year term.

(Image credit: Ng Han Guan)

This move comes about a year before President Xi Jinping is expected to secure his fourth five-year term.

(Image credit: Ng Han Guan)

SEOUL, South Korea (AP) — North Korea launched a barrage of ballistic missiles toward its eastern waters Thursday, South Korea’s military said, days after the North threatened to resume front-line propaganda loudspeaker broadcasts and deploy new weapons along the rivals’ tense border.

The launches also followed leader Kim Jong Un’s surprise weekend visit to China, the North’s main ally and economic pipeline, to push for greater cooperation.

South Korea’s Joint Chiefs of Staff said it detected about 10 short-range ballistic missiles fired from the North’s eastern costal town of Wonsan and that they each flew about 250 kilometers (155 miles). It said South Korea’s military maintained its readiness to repel any provocations by North Korea under a solid alliance with the United States.

Japan’s Defense Ministry said it detected a suspected ballistic missile launch by North Korea.

Animosity between the Koreas have deepened since last month’s land mine blasts at the border that injured three South Korean soldiers. Seoul accused North Korea of planting mines south of the military demarcation line and demanded it apologize. But Pyongyang has denied responsibility for the explosions and warned of retaliation if provoked.

Last week, North Korea said it would restart propaganda broadcasts and place new weapons systems on alert along the border in protest of what it called repeated warning shots by South Korean troops at border areas. South Korea later proposed talks on clarifying the border to prevent accidental clashes, but North Korea hasn’t responded.

During a visit to a South Korean border town earlier this week, Associated Press journalists saw North Korean artillery guns located on the other side of the border, which weren’t previously visible.

In recent years, North Korea has been placing more mines, barbed-wire fences and other defense structures along the border in line with Kim’s policy of severing ties with South Korea. Seoul has said North Korean troops have repeatedly violated the border during the work and that South Korea’s military has responded with firing warning shots. North Korea has denied the alleged border breaches.

Thursday’s launches were the latest in a series of weapons tests by North Korea in recent weeks, which included submarine-launched cruise missiles and hypersonic missiles. Experts say North Korea likely aimed to pressure the U.S. into making bigger concessions as President Donald Trump expressed his desire to restore diplomacy with Kim.

On Saturday, Kim visited the Chinese border city of Dandong via a newly inaugurated bridge to pay respect at a memorial marking China’s support of North Korea during the 1950-53 Korean War. It was his sixth visit to China since succeeding his father as North Korean leader in late 2011.

At the memorial, Kim said North Korea will firmly carry forward “the invincible” friendship with China. Later he met top Chinese Communist Party official Wang Huning and reaffirmed his resolve to develop bilateral cooperation.

Kim has recently taken steps to bolster ties with China after years of prioritizing ties with Russia by sending troops and ammunitions to support its war against Ukraine.

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Spain's second high-speed rail disaster this year, a crash in which one train struck another from behind, killing 68 people, has raised fresh concerns about the safety of the country's rail network.

(Image credit: Manu Fernandez)

Spain's second high-speed rail disaster this year, a crash in which one train struck another from behind, killing 68 people, has raised fresh concerns about the safety of the country's rail network.

(Image credit: Manu Fernandez)

The small-ball Milwaukee Brewers playing in the smallest market in the majors are World Series champions for the first time. The championship comes in the 58th season for a franchise that began as the Seattle Pilots in 1969.

(Image credit: Morry Gash)

The small-ball Milwaukee Brewers playing in the smallest market in the majors are World Series champions for the first time. The championship comes in the 58th season for a franchise that began as the Seattle Pilots in 1969.

(Image credit: Morry Gash)

WASHINGTON (AP) — The Federal Reserve kept its key rate unchanged Wednesday at about 3.9% despite stubbornly high inflation, as Chairman Kevin Warsh suggested its policies are already showing signs of having an impact.

“Inflation remains elevated,” the Fed said in a statement released after its two-day policy meeting. Holding off on an increase will allow “the accumulation of more information” that will help determine what policy the Fed should pursue “to ensure a timely return of inflation” to the central bank’s 2% inflation target, the statement said.

The Fed raised its benchmark rate last month for the first time in three years, defying President Donald Trump’s demands for rate cuts, in an effort to get inflation back to its 2% target in a “timelier” manner. The Fed is tasked by Congress to combat inflation, and it does so by lifting rates to slow borrowing and spending and cool price increases.

Wall Street investors and many economists continue to expect a quarter-point rate hike at the central bank’s next meeting Dec. 8-9.

The Dow Jones Industrial Average, Standard & Poor’s 500 index and Nasdaq index all dropped after the Fed announcement but regained much of their losses by closing bell.

The Fed’s decision comes just six days before a midterm election that has focused heavily on concerns around the cost of living and affordability. Consumers have generally soured on an economy weighed down by more expensive gas, groceries, and clothing, among other items. Warsh denied the election played a part in the Fed’s staying pat.

“Politics played no role in the decision,” he said at a news conference after the announcement. “I just spent two days with my colleagues upstairs. I didn’t hear an utterance about politics.”

Warsh faces plenty of challenges in getting inflation back to target. Some of the forces pushing up prices — specifically the rapid buildout of artificial intelligence infrastructure and higher energy prices — may not be easily tamed by higher interest rates.

Still, Warsh said the “overwhelming consensus” among Fed officials is that what they’ve done “is starting to work some,” noting that credit conditions “tightened for some businesses and households.”

He said specifically that as large tech firms ramp up their borrowing to build data centers, higher rates will have a greater ability to cool that investment.

“Do interest rates matter?” Warsh asked. “I believe they do, and I don’t think they’re divorced from the rest of the economy.”

Two Fed officials dissented from Wednesday’s decision, with Fed governor Lisa Cook and Federal Reserve Bank of Cleveland President Beth Hammack voting in favor of hiking rates by a quarter point. This is Cook’s first dissent since she was appointed to the board by President Joe Biden in 2022.

Cook has been targeted by the Trump administration, which tried to fire her last year, though the Supreme Court in June ruled she could keep her job while litigation played out. No president has fired a Fed governor before, a sign of the Fed’s longstanding independence from day-to-day politics. Trump renewed his attempt to remove Cook last month by setting up a committee to look into allegations Cook committed mortgage fraud, which she has denied.

Trump has also slammed the Fed for raising its key rate last month, though he largely blamed the central bank’s rate-setting committee, rather than Warsh, whom he appointed.

Parts of the economy are already being hit by higher rates, which were lifted by market forces, even before the Fed hiked last month. The average 30-year mortgage rate reached a three-year high of 7.4% earlier this month, though it has since slipped a bit. Higher mortgage rates have made buying a home unaffordable for 5 million more Americans since the beginning of the year, according to Oxford Economics, a consulting firm. Over time, Fed rate hikes can make mortgages, auto loans and credit card borrowing more expensive, adding to Americans’ sense that things like homes and cars are getting pricier.

Inflation picked up in September, when consumer prices rose 3.7% compared with a year earlier. The increase was much bigger than the 2.4% rate in February, just before the Iran war.

And on a monthly basis, the consumer price index — the most widely followed inflation gauge — rose 0.3% in both August and September. At that pace over a full year, inflation would rise much more quickly than the Fed’s 2% target.

A separate inflation measure more closely followed by the Fed, the personal consumption expenditures price index, comes out Thursday and is forecast to have jumped 3.6% in September from a year earlier, up from 3.4% in August. Core prices, which exclude the food and energy categories, are forecast to have risen 3.1%, up from 3% the previous month.

The Fed’s policy meeting is part of a busy week for central banks around the world. The Bank of Canada will also meet Wednesday and is forecast to lift its key rate a quarter point, to 2.5%. Policymakers at the European Central Bank and the Bank of Japan are both scheduled to meet Thursday and are expected to keep their key rates unchanged.

For Warsh and the Fed, another key consideration is that the U.S. economy is growing at a healthy pace and unemployment remains low, at 4.2%, even if hiring is also sluggish. The government will report Thursday on growth for the July-September quarter, which is expected to reach 3%, according to a forecast by data provider FactSet. That would be up from 2.2% in the April-June quarter.

Many economists argue that solid growth is evidence that interest rates aren’t particularly high and the economy could withstand higher rates to combat inflation.

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LONDON (AP) — Russell Brand acknowledged in a London court on Wednesday that he had been obsessed with sex as a younger man, but denied multiple charges of rape and sexual assault, saying the claims have had a “devastating” impact on his life.

The British actor-comedian entered Southwark Crown Court alongside his wife, Laura Gallacher, to testify in his own defense, telling reporters that “today is the day for truth and justice.”

Brand, 51, stood in the witness box and took the oath, then gave his full name: Russell Edward Brand. He answered “no” to each charge as his lawyer, Ian Winter, asked whether he was guilty of three counts of rape, three counts of sexual assault and one count of attempted indecent assault.

Brand denied forcing any of the six alleged victims to do anything against their will.

“Consent is fundamental, essential, necessary, and indeed in many ways more important than sex itself,” Brand said.

Brand said the allegations had had a “devastating” impact, with friends and colleagues abandoning him. He said no one with relevant evidence had been willing to testify in court on his behalf.

“My entire life has been consumed by these events, these allegations, these accusations,” he said, adding later that dealing with the “traumatic” allegations had come “at the expense of my marriage, my children and health.”

Brand said he was even barred from staying with his baby son in hospital after anonymous allegations of sexual misconduct were made against him in a newspaper and a TV documentary in 2023.

“The reason given by Great Ormond Street Hospital when my son was receiving open-heart surgery and subsequent treatment was due to the material published,” he said.

Six women accuse Brand of misconduct

Over the past two weeks of the trial, prosecutors set out their case, and the jury heard from six women who accuse Brand of sexual misconduct between 1999 and 2009.

Prosecutor Riel Karmy-Jones told jurors that Brand was “ruthless, he was calculating, he was manipulative. And, the prosecution say, he was a sexual predator.”

Known for risqué stand-up routines and battles with drugs and alcohol, Brand rose to prominence in the early 2000s, hosting television programs and his own BBC radio show. He appeared in Hollywood films including “Forgetting Sarah Marshall” and “Get Him to the Greek” and was briefly married to pop star Katy Perry.

In recent years, he has moved away from mainstream media, relocated to Florida, and built a large online following with videos mixing wellness, conspiracy theories, and discussions of his religious devotion.

The allegations cover a decade when Brand went from rising stand-up comedian to major celebrity in the U.K.

The first victim alleges that Brand raped her in a hotel room during the Labour Party’s annual conference in the seaside town of Bournemouth in 1999. Another woman alleges that in 2001 Brand tried to drag her into the men’s bathroom at the London office of music channel MTV, where she worked.

A third woman alleges that Brand orally raped her in 2004 in the toilet of a London bar, and a fourth says Brand kissed and groped her at a London radio station in 2004 or 2005.

Another complainant says Brand anally raped her at his home after she met him at one of his shows in 2009, while the sixth says the comedian demanded a massage and pressed his face into her groin during the recording of an advertisement in 2009.

Prosecutors say the women don’t know one another and separately went to police after the TV documentary was broadcast in 2023. The Associated Press doesn’t name victims of alleged sexual violence, and British law protects their identities from the media for life.

Brand says all encounters were consensual

Under cross-examination by Karmy-Jones, Brand acknowledged he had dedicated a lot of his earlier life to “beyond reckless philandering.”

“As I became more successful and famous I was very comfortable allowing that to facilitate sexual access, which I agree with you was wrong,” he said.

He said “yes” when asked if he had been obsessed with sex when he was younger, but “no” when the prosecutor asked: “Do you accept that you were desperate for it and sometimes couldn’t function without it?”

As he completed a day on the stand, Brand was asked again whether he had committed the crimes he is accused of.

“Not guilty is my plea in every single case,” he said.

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