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The world’s largest crypto exchange suffered the biggest crypto hack in history last week. In just 20 minutes, criminals made off with at least $6.3 billion from Binance. The speed and scale of the heist has left the crypto industry reeling. WSJ’s Patricia Kowsmann explains how the hack happened, who did it and the questions it raises about the safety of crypto. Imani Moise hosts. Further Listening: - The Crypto President: Part 1 - Severed Fingers and Wrench Attacks: A New Era in Crypto Crime Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
The world’s largest crypto exchange suffered the biggest crypto hack in history last week. In just 20 minutes, criminals made off with at least $6.3 billion from Binance. The speed and scale of the heist has left the crypto industry reeling. WSJ’s Patricia Kowsmann explains how the hack happened, who did it and the questions it raises about the safety of crypto. Imani Moise hosts. Further Listening: - The Crypto President: Part 1 - Severed Fingers and Wrench Attacks: A New Era in Crypto Crime Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
Epizode
Binance and the Biggest Crypto Heist Ever
SlušanoThe world’s largest crypto exchange suffered the biggest crypto hack in history last week. In just 20 minutes, criminals made off with at least $6.3 billion from Binance. The speed and scale of the heist has left the crypto industry reeling. WSJ’s Patricia Kowsmann explains how the hack happened, who did it and the questions it raises about the safety of crypto. Imani Moise hosts. Further Listening: - The Crypto President: Part 1 - Severed Fingers and Wrench Attacks: A New Era in Crypto Crime Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
California Democrats Can’t Agree On How To Tax Billionaires
SlušanoIn this year’s midterm election, voters in California will decide on a ballot initiative proposing a one-time, 5% tax on the net assets of California residents worth more than $1 billion. Most of California’s billionaires oppose the tax. But unexpectedly, many of the state’s Democrats and unions are also against it. WSJ’s Laura Nelson reports on why support for the wealth tax has been so fractured when so many Democrats say they’re in favor of higher taxes on the ultrarich. Ryan Knutson hosts. Further Listening: - The Rise of the World’s First Trillionaire - Why Billionaires Are Giving Money to Kids Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
Is AI Running Out of Money to Borrow?
SlušanoThere’s been a big sell off in tech stocks this week, as investors question tech companies’ massive spending on AI. This comes days after Anthropic secured a record-breaking $63 billion deal with Broadcom to finance more chip purchases. WSJ’s Alexander Saeedy explains the deal and why it's getting increasingly difficult for AI companies to raise money. Ryan Knutson hosts. Further Listening: - A Sneak Peek Into Anthropic’s Business - Red, White and Who? The Anti-AI Voters Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
Why Billionaires Are Giving Money to Kids
SlušanoA growing number of tech billionaires are pledging cash and stocks to American children through the federal government’s Trump Accounts. WSJ’s Konrad Putzier and Erich Schwartzel explain what’s driving this new trend in philanthropy. Imani Moise hosts. Further Listening: California Billionaires Are Freaking Out Over a New Tax Proposal The Rise of the World’s First Trillionaire Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
How A24 Keeps Making Hit Films
SlušanoThe studio behind the documentary “You Can See Everything” is A24. It’s an independent company with a reputation for critically acclaimed movies that fills theaters. Young audiences trust that an A24 release will be as relevant for them as a Disney movie is for families. WSJ’s Ben Fritz explains why. Ryan Knutson hosts. Further Listening: - These Movies Finally Got Gen Z Into Theaters - Why Hollywood Can't Find Good Scripts Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices