🚨 Hackers just hijacked trades at 70 brokerages Japan's GMO Internet Group has confirmed a major cyberattack on Onamae Desktop Cloud, a service many forex traders use to run automated trading software around the clock. Up to 26,739 servers may have been exposed. The attackers stole traders' login details and used them to place unauthorized trades across more than 70 brokerages. In one case, an account lost around 2.4 million yen in about 84 seconds. The hackers then demanded a $50 million ransom in crypto. GMO refused to pay and has reported the attack to the police. GMO began shutting down the affected servers on October 21. Every user will receive 5,000 yen, along with full compensation for verified trading losses. GMO shares fell almost 16% on Monday to a four month low. CEO Masatoshi Kumagai warned that the internet itself is starting to break down. Prime Minister Sanae Takaichi held an emergency cybersecurity meeting on October 26. This adds to a brutal month for cybersecurity. Japan has already recorded 723 cyber incidents this year, and State Bank of India customer records surfaced on the dark web just last week.

BREAKING: Claude developer Anthropic officially files for a US IPO. It plans to list on the Nasdaq under the ticker $ANT, with Goldman Sachs and Morgan Stanley leading the offering. Despite an $80.7 billion net loss on $16.29 billion in first half revenue, it could be valued at around $1.5 trillion.