Musk Says AI Will Use DeFi for Money as $6.3 Billion Binance Hack Exposes Tactic

3 articles · Updated · Yahoo Finance · Nov 3

Elon Musk said “super intelligence agents” will eventually use decentralized finance to obtain currency for themselves, reacting to reports tied to the Binance breach.
Aave said an address linked to the exploiter deposited $60 million in USDT and borrowed 19,762 wrapped Ether worth about $44.6 million before stablecoin issuers began freezing assets.
Tether froze nearly $1.57 billion in USDT and Circle blocked more than $800 million in USDC, highlighting how hackers can swap into native crypto that issuers cannot directly blacklist.
Aave said the loan remained overcollateralized and posed no threat to depositors, though it temporarily halted new borrowing and deposits in numerous markets while keeping withdrawals and liquidations open.
Reuters reported the Binance incident involved roughly $6.3 billion in stolen assets, potentially the largest crypto heist on record, and the breach pushed Bitcoin and Ether lower.