[Midnight News Briefing] Binance's He Yi promises to fully cover user losses from hack, and more

Binance co-founder Yi He pledged that the exchange will fully cover user losses tied to a recent hack, accepting all external proposals on security and access management and rebuilding its security perimeter around zero-trust and least-privilege principles, with a security audit report to follow. The move matters because it shifts the loss burden from users to the exchange and signals a broader overhaul of Binance's permissioning system after outside criticism. Separately, the North Korea-linked TraderTraitor group is reportedly moving stolen Binance funds through THORChain, according to CoinDesk citing Lookonchain data. Watch for the forthcoming audit report and for further THORChain flows as the exchange and investigators trace the laundered assets.