Binance Sets Aside Over $6.34B to Cover Hack Losses
Binance says $5 billion is already held in the affected tokens as it buys remaining assets. The allocation excludes roughly $3 billion frozen.
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Friday
Friday
Binance says $5 billion is already held in the affected tokens as it buys remaining assets. The allocation excludes roughly $3 billion frozen.
CZ asks Elon Musk for support after Binance’s hack, citing a SpaceX stake worth over $1 billion. Yi He says no share sale is currently needed.
Binance founder CZ asks Musk to show support, replying to a grimacing emoji and citing Binance’s investment in his Twitter takeover.
Brian Armstrong says Coinbase is blocking transfers to compromised wallets and has offered Binance assistance following the hack.
Binance reports additional breach points and about $3 billion frozen, pledging full loss coverage as it targets a withdrawal restart 45 hours after its update.
Trezor warns CryptoBilis buyers after one possible Safe 5 implant report. Lab confirmation is pending, and no related losses have been reported to the company.
Inside Binance’s $6.3 billion hack: the wallet-signing attack, frozen assets, withdrawal restart target and questions the final investigation must answer.
ZachXBT says funds from both exploits converged after THORChain transfers, pointing to a possible link with North Korea’s TraderTraitor.
Musk predicts superintelligent agents could seek money for themselves, replying to a Binance-related post without presenting evidence of AI involvement.
CoinDesk traced roughly 18,270 stolen BTC into 19 addresses, highlighting why Bitcoin recovery differs from issuer freezes of stolen stablecoins.
Binance estimates $6.3 billion in hack losses and $3 billion frozen, pledging full coverage as deposits operate normally and withdrawals remain paused.
TRM Labs attributes the $6.36 billion Binance theft to North Korea’s TraderTraitor with high confidence, as the exchange’s investigation continues.
Geoffrey Kendrick expects further crypto weakness after the Binance hack, while retaining a long-term bullish view on Uniswap.
Thursday
Musk reacts to Binance hack reports with a cybersecurity pun, without establishing that a zero-day vulnerability caused the incident.
Binance says withdrawals will resume after security checks and user funds remain safe, as Crypto Briefing reports $5.57 billion in wallet outflows.
CZ says Binance losses may be higher than an analyst’s $1 billion estimate and will be covered; the final amount and funding details remain undisclosed.
Ethereum records show 50 signed authorizations before the Binance 14 wallet drain, while the origin of the signatures remains unknown.
Aave says some markets may be temporarily frozen amid the Binance incident, pausing new supplies and borrowing as a precaution.
Tether CEO Paolo Ardoino confirms more than $1.567 billion in USDT frozen in connection with a potential Binance hack, exceeding the earlier estimate.
Circle CEO Jeremy Allaire confirms over $800 million USDC frozen in coordination with law enforcement amid a potential Binance exploit.
Kraken data show XMR spiking from about $598 to $649 before retreating, while a direct link to the suspected Binance incident remains unproven.
Tree News reports a $971 million USDT freeze amid suspected Binance wallet compromise; the breach and total losses remain unconfirmed.
An unverified breakdown alleges $5.613 billion stolen. Tether and Circle report over $2.3 billion frozen; Binance says user funds are safe.
Polymarket says international trading is back online after a third-party breach and promises full reimbursement for affected traders.
The ECB holds its deposit rate at 2.50%, refinancing rate at 2.65% and marginal lending rate at 2.90%, warning of energy-driven inflation risks.
HYPE trades near $91 as NYSE owner ICE backs Trade[XYZ]’s plan for U.S. perpetual markets on Hyperliquid. Approvals remain pending, with no launch date.
AXIS trades near $0.14 as ZachXBT alleges insiders received over 76 million tokens and one seller offloaded 42 million on Base.
VeniceStats puts October’s VVV burn value near $1.01 million so far. About 39,967 tokens were burned, still below new issuance at the current rate.
Santiment reports 14,591 daily active UNI addresses and 13,137 newly active addresses, the largest network-growth spike since September 2020.
Binance Wallet’s October 29 PREDICT sale offers 20 million tokens at $0.29, with a 6 BNB cap and token delivery to Alpha accounts at TGE.
U.S. spot Bitcoin ETFs drew $137.3 million on October 28, led by BlackRock’s IBIT. Ether funds lost $21.4 million in their third straight negative session.
LME is exploring tokenized off-warrant metals in Hong Kong for financing, Reuters reports. The proposal remains at an early stage.
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