Morning Scan

Binance reports North Korean hackers took $6.3B, Apple's strong quarter came with a margin warning, and the AI buildout has become an issue in the midterms, with data centers drawing attention in state races.

$6.3B — What Binance says North Korean hackers took via fake LinkedIn job interviews and a malicious ad campaign. (Fortune)

Crypto's Costly Week

Binance says North Korean hackers stole $6.3B through a months-long scheme with fake LinkedIn job interviews and an ad campaign to deliver malicious software

The attack vector was a fake job offer. The weakest link is still the one with a résumé. (Fortune)

North Korean hackers expected to take months to launder Binance billions (paywall)

The tokens are split into small packages on public blockchains, so tracing them will be slow. They have not vanished. (FT)

North Korea Rejects FBI Blame for $6.3 Billion Binance Hack

Kim Yo Jong called the accusation "absurd rhetoric." Chainalysis points to stolen funds mixing with proceeds of an earlier exploit. (The Defiant)

Mercado Bitcoin, Brazil's largest crypto exchange, hit by $46 million security breach (paywall)

Withdrawals are paused. Chainalysis later put the damage closer to $49M across 17 chains. (The Block)

Silicon, Servers, and Supply Lines

Apple Earnings, Memory Problems, The Hardware Company Regression

Hardware is doing better than ever even with memory constraints. That is the bull case in one sentence. (Stratechery)

What analysts are telling us while Apple's stock falls after earnings report

Shares slipped nearly 2% because gross margin guidance disappointed. A strong quarter did not produce a green day. (MarketWatch)

Apple is 'not able to predict' when it'll have enough iPhone Duos to go around

CEO John Ternus has no timeline for when supply constraints lift. Demand is outrunning what Apple can ship. (The Verge)

Investors watch US state races for signs of backlash against AI boom (paywall)

Wall Street is betting that three dozen gubernatorial races could shape where data centers get built. (FT)

“Our Risk, Their Reward” — WIRED, on Mayor Zohran Mamdani's framing of AI and data centers

Costs, Cuts, and Fine Print

Cheap flights in Europe face a fuel cost reckoning as Ryanair's CEO says fares could rise up to 20% next year

The Iran war is now a line item on summer travel to Europe. (Fortune)

Thousands of Disney job cuts may be coming. Investors are asking what comes next.

Layoff reports did not move a languishing stock. The market wants a plan, not just a count of cuts. (MarketWatch)

Marriott's Fees Jump 14% as Hotel Owners Seek a Bigger Cut

Marriott calls its talks with owners "constructive." (Skift)

The Lighter Side

Rockstar plans to let users preload GTA VI on November 10, ahead of its November 19 launch

Clear 212GB now. "The fastest entertainment property in history" will not wait for your hard drive. (The Verge)