🚨
$3.6B flees Binance on reopen, THORChain co-founder opposes coin freeze: Hodler’s Digest
Zhao thanked the Secret Service today for “acting within minutes to help track and freeze stolen funds... your speed, expertise and dedication helped contain the damage.”
Elliptic estimated that about $2.84 billion of the stolen assets, mostly USDC and USDT, had been frozen on chain. The attacker raced against time to beat the unprecedented stablecoin blocks by borrowing about $44.6 million of ETH against stablecoins on Aave.
📰 CoinTelegraph
#BNB #Binance #AI #CryptoAI #CryptoNews
📢 @Coindce
$3.6B flees Binance on reopen, THORChain co-founder opposes coin freeze: Hodler’s Digest
Zhao thanked the Secret Service today for “acting within minutes to help track and freeze stolen funds... your speed, expertise and dedication helped contain the damage.”
Elliptic estimated that about $2.84 billion of the stolen assets, mostly USDC and USDT, had been frozen on chain. The attacker raced against time to beat the unprecedented stablecoin blocks by borrowing about $44.6 million of ETH against stablecoins on Aave.
📰 CoinTelegraph
#BNB #Binance #AI #CryptoAI #CryptoNews
📢 @Coindce
‼️
Binance net outflows surge to $5.8B as withdrawals resume after record hack
Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries. All news, reviews, and analyses are produced with full journalistic independence and integrity. For more details on our standards and processes, please read our Editorial Policy.
📰 CoinTelegraph
#BNB #Binance #CryptoSecurity #CryptoNews
📢 @Coindce
Binance net outflows surge to $5.8B as withdrawals resume after record hack
Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries. All news, reviews, and analyses are produced with full journalistic independence and integrity. For more details on our standards and processes, please read our Editorial Policy.
📰 CoinTelegraph
#BNB #Binance #CryptoSecurity #CryptoNews
📢 @Coindce
📡
THORChain halts swaps after block reorg bug, slowing Binance hackers
THORChain halts swaps after block reorg bug, slowing Binance hackers
THORChain node operators paused swaps involving assets on 10 networks, including Bitcoin, Ethereum, Solana and Tron. THORChain halted swaps across multiple blockchains on Saturday after an Ethereum block reorganization exposed a refund bug, which may have inadvertently slowed the movement of funds stolen from Binance, according to Chainalysis. According to THORChain, the incident began at 11:34 UTC on Saturday, when a one-block reorganization on Ethereum removed a 10 ETH deposit that THORChain had already credited.
📰 CoinTelegraph
#BNB #Binance #CryptoSecurity #CryptoNews
📢 @Coindce
THORChain halts swaps after block reorg bug, slowing Binance hackers
THORChain halts swaps after block reorg bug, slowing Binance hackers
THORChain node operators paused swaps involving assets on 10 networks, including Bitcoin, Ethereum, Solana and Tron. THORChain halted swaps across multiple blockchains on Saturday after an Ethereum block reorganization exposed a refund bug, which may have inadvertently slowed the movement of funds stolen from Binance, according to Chainalysis. According to THORChain, the incident began at 11:34 UTC on Saturday, when a one-block reorganization on Ethereum removed a 10 ETH deposit that THORChain had already credited.
📰 CoinTelegraph
#BNB #Binance #CryptoSecurity #CryptoNews
📢 @Coindce
🔴
Binance Has Shed $16B Since The Hack as Its Proof Lands Tuesday
Binance’s tracked assets have fallen by about $16.6 billion since the Oct. Its full zero-knowledge reserve proof, first promised for Monday, is now due Tuesday, Nov. Binance Has Shed $16B Since The Hack as Its Proof Lands Tuesday
Key Takeaways
- Defillama shows Binance’s tracked assets fell from $144.9B on Oct.
📰 Bitcoin.com
#BNB #Binance #CryptoSecurity #CryptoNews
📢 @Coindce
Binance Has Shed $16B Since The Hack as Its Proof Lands Tuesday
Binance’s tracked assets have fallen by about $16.6 billion since the Oct. Its full zero-knowledge reserve proof, first promised for Monday, is now due Tuesday, Nov. Binance Has Shed $16B Since The Hack as Its Proof Lands Tuesday
Key Takeaways
- Defillama shows Binance’s tracked assets fell from $144.9B on Oct.
📰 Bitcoin.com
#BNB #Binance #CryptoSecurity #CryptoNews
📢 @Coindce
‼️
FBI Blames North Korea for $6B Binance Hack as Exchange Reopens Withdrawals
In brief
- The FBI said North Korea's TraderTraitor was responsible for the theft of more than $6 billion from Binance, and published hundreds of addresses linked to the hack. - Binance began restoring withdrawals on Sunday, processing $4.65 billion in withdrawals and $1.01 billion in deposits in the first nine and a half hours. - The exchange said the net outflow represented 2.1% of its $171 billion in assets, and it has since reopened fiat withdrawals, including U.S.
📰 Decrypt
#BNB #Binance #CryptoSecurity #CryptoNews
📢 @Coindce
FBI Blames North Korea for $6B Binance Hack as Exchange Reopens Withdrawals
In brief
- The FBI said North Korea's TraderTraitor was responsible for the theft of more than $6 billion from Binance, and published hundreds of addresses linked to the hack. - Binance began restoring withdrawals on Sunday, processing $4.65 billion in withdrawals and $1.01 billion in deposits in the first nine and a half hours. - The exchange said the net outflow represented 2.1% of its $171 billion in assets, and it has since reopened fiat withdrawals, including U.S.
📰 Decrypt
#BNB #Binance #CryptoSecurity #CryptoNews
📢 @Coindce
🔴
4 Altcoins Flash Buy Signals Following the Binance Shock: Here Are the Upside Targets
One of the tokens is ADA, which is projected to rise by over 20%.
📰 CryptoPotato
#BNB #Binance #CryptoNews
📢 @Coindce
4 Altcoins Flash Buy Signals Following the Binance Shock: Here Are the Upside Targets
One of the tokens is ADA, which is projected to rise by over 20%.
📰 CryptoPotato
#BNB #Binance #CryptoNews
📢 @Coindce
🔴
Morning Minute: The Binance Hack Leads to Mass Outflows while FBI Opens Probe
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our daily news show 'FOMO HOUR' covering all of the top stories and market action.
📰 Decrypt
#BNB #Binance #CryptoSecurity #CryptoNews
📢 @Coindce
Morning Minute: The Binance Hack Leads to Mass Outflows while FBI Opens Probe
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our daily news show 'FOMO HOUR' covering all of the top stories and market action.
📰 Decrypt
#BNB #Binance #CryptoSecurity #CryptoNews
📢 @Coindce
⚡
Binance Reopens Withdrawals as Hack Recovery Enters Second Week
Binance restarted customer withdrawals on Sunday, four days after hackers drained roughly $6.3 billion from its hot wallets in the largest crypto theft on record. The exchange reopened in stages over the weekend, starting with bitcoin and expanding to 15 networks. The move marked the first real test of whether the platform could absorb a loss of that size without freezing its customers out for longer.
📰 Bitcoin Magazine
#BNB #Binance #CryptoRegulation #SEC #CryptoNews
📢 @Coindce
Binance Reopens Withdrawals as Hack Recovery Enters Second Week
Binance restarted customer withdrawals on Sunday, four days after hackers drained roughly $6.3 billion from its hot wallets in the largest crypto theft on record. The exchange reopened in stages over the weekend, starting with bitcoin and expanding to 15 networks. The move marked the first real test of whether the platform could absorb a loss of that size without freezing its customers out for longer.
📰 Bitcoin Magazine
#BNB #Binance #CryptoRegulation #SEC #CryptoNews
📢 @Coindce
🔴
Binance completes latest proof of reserves as it works to restore assets, withdrawals after record hack
Binance users can now independently verify 1:1 backing for BTC, ETH, BNB, SOL, XRP and more as it replenishes 95% of assets lost in record hack.
📰 The Block
#BNB #Binance #CryptoSecurity #CryptoNews
📢 @Coindce
Binance completes latest proof of reserves as it works to restore assets, withdrawals after record hack
Binance users can now independently verify 1:1 backing for BTC, ETH, BNB, SOL, XRP and more as it replenishes 95% of assets lost in record hack.
📰 The Block
#BNB #Binance #CryptoSecurity #CryptoNews
📢 @Coindce
‼️
North Korea Is Laundering Binance Hack Loot at One New Wallet Every 25 Seconds
In brief
- About 44% of the $6.43 billion stolen from Binance has been frozen or seized, Elliptic said, after Tether and Circle moved within minutes to lock up stolen stablecoins. - The attacker has used about 12,000 wallets and more than 40,000 transactions in under four days, which Elliptic calls automation, not AI. - About $3.24 billion remains in addresses linked to the theft, and Elliptic expects a months-long cash-out through OTC brokers.
📰 Decrypt
#BNB #Binance #CryptoRegulation #SEC #CryptoNews
📢 @Coindce
North Korea Is Laundering Binance Hack Loot at One New Wallet Every 25 Seconds
In brief
- About 44% of the $6.43 billion stolen from Binance has been frozen or seized, Elliptic said, after Tether and Circle moved within minutes to lock up stolen stablecoins. - The attacker has used about 12,000 wallets and more than 40,000 transactions in under four days, which Elliptic calls automation, not AI. - About $3.24 billion remains in addresses linked to the theft, and Elliptic expects a months-long cash-out through OTC brokers.
📰 Decrypt
#BNB #Binance #CryptoRegulation #SEC #CryptoNews
📢 @Coindce
⚡
Binance May Have Lost Around Half of 5-Year Profits to Fines and Hacks: Analysis
Binance’s “cost of doing business,” including fines and hack losses, could equal more than half of the largest crypto exchange’s estimated pre-tax profits from 2021–2025. Binance May Have Lost Around Half of 5-Year Profits to Fines and Hacks: Analysis
Key Takeaways
- Binance’s estimated $10.7 billion bill for fines and hack losses equals around 56% of its estimated 2021–2025 pre-tax profits. - The exchange has paid $4.34 billion in known fines and had $6.38 billion stolen in major hacks, though a substantial chunk of the funds stolen last week were frozen.
📰 Bitcoin.com
#BNB #Binance #CryptoSecurity #CryptoNews
📢 @Coindce
Binance May Have Lost Around Half of 5-Year Profits to Fines and Hacks: Analysis
Binance’s “cost of doing business,” including fines and hack losses, could equal more than half of the largest crypto exchange’s estimated pre-tax profits from 2021–2025. Binance May Have Lost Around Half of 5-Year Profits to Fines and Hacks: Analysis
Key Takeaways
- Binance’s estimated $10.7 billion bill for fines and hack losses equals around 56% of its estimated 2021–2025 pre-tax profits. - The exchange has paid $4.34 billion in known fines and had $6.38 billion stolen in major hacks, though a substantial chunk of the funds stolen last week were frozen.
📰 Bitcoin.com
#BNB #Binance #CryptoSecurity #CryptoNews
📢 @Coindce
📡
Mystery $106 Million Crypto Theft Hits EU Entity Days After Binance Hack
In brief
- An unnamed EU entity is suspected of losing more than $106 million from multiple centralized exchange accounts on Nov. 1, ZachXBT said, with the funds withdrawn as USDC and USDT. - The thief has since swapped stablecoins for ETH, used instant exchanges, converted funds to Monero and bridged assets across chains.
📰 Decrypt
#BNB #Binance #CryptoSecurity #CryptoNews
📢 @Coindce
Mystery $106 Million Crypto Theft Hits EU Entity Days After Binance Hack
In brief
- An unnamed EU entity is suspected of losing more than $106 million from multiple centralized exchange accounts on Nov. 1, ZachXBT said, with the funds withdrawn as USDC and USDT. - The thief has since swapped stablecoins for ETH, used instant exchanges, converted funds to Monero and bridged assets across chains.
📰 Decrypt
#BNB #Binance #CryptoSecurity #CryptoNews
📢 @Coindce
⚡
Binance Hack Sends Crypto Fear and Greed Index Crashing to 30
The Binance attack added pressure to an already weakening market, and dragged the Fear and Greed Index further into fear territory.
📰 CryptoPotato
#BNB #Binance #CryptoSecurity #CryptoNews
📢 @Coindce
Binance Hack Sends Crypto Fear and Greed Index Crashing to 30
The Binance attack added pressure to an already weakening market, and dragged the Fear and Greed Index further into fear territory.
📰 CryptoPotato
#BNB #Binance #CryptoSecurity #CryptoNews
📢 @Coindce
⚡
Kim Jong-Un’s sister rejects FBI claims linking North Korea to record $6 billion Binance hack: reports
North Korea is now reportedly saying it was not behind the hack, despite the FBI finding that North Korean hackers were behind the heist.
📰 The Block
#BNB #Binance #CryptoSecurity #CryptoNews
📢 @Coindce
Kim Jong-Un’s sister rejects FBI claims linking North Korea to record $6 billion Binance hack: reports
North Korea is now reportedly saying it was not behind the hack, despite the FBI finding that North Korean hackers were behind the heist.
📰 The Block
#BNB #Binance #CryptoSecurity #CryptoNews
📢 @Coindce
🔴
Stolen Binance Funds Drive DeFi Protocol Revenue Gains: Investigator
Daily revenue for some of the platforms rose as high as 2,229% as the Binance hacker laundered part of the stolen funds through them.
📰 CryptoPotato
#BNB #Binance #CryptoSecurity #CryptoNews
📢 @Coindce
Stolen Binance Funds Drive DeFi Protocol Revenue Gains: Investigator
Daily revenue for some of the platforms rose as high as 2,229% as the Binance hacker laundered part of the stolen funds through them.
📰 CryptoPotato
#BNB #Binance #CryptoSecurity #CryptoNews
📢 @Coindce
‼️
North Korea denies role in $6.3B Binance hack, points finger at US
North Korea denies role in $6.3B Binance hack, points finger at US
Pyongyang has pushed back against the FBI’s attribution of the Binance attack, with Kim Yo Jong calling the US allegations politically motivated. Kim Yo Jong, the sister of North Korean leader Kim Jong Un, denied North Korea’s involvement in the $6.3 billion Binance hack and appeared to suggest, without evidence, that the US could have been behind the theft. In a statement released via the Korean Central News Agency (KCNA) on Tuesday, Kim rejected the FBI’s attribution of the attack to a North Korean-backed hacking group.
📰 CoinTelegraph
#BNB #Binance #CryptoSecurity #CryptoNews
📢 @Coindce
North Korea denies role in $6.3B Binance hack, points finger at US
North Korea denies role in $6.3B Binance hack, points finger at US
Pyongyang has pushed back against the FBI’s attribution of the Binance attack, with Kim Yo Jong calling the US allegations politically motivated. Kim Yo Jong, the sister of North Korean leader Kim Jong Un, denied North Korea’s involvement in the $6.3 billion Binance hack and appeared to suggest, without evidence, that the US could have been behind the theft. In a statement released via the Korean Central News Agency (KCNA) on Tuesday, Kim rejected the FBI’s attribution of the attack to a North Korean-backed hacking group.
📰 CoinTelegraph
#BNB #Binance #CryptoSecurity #CryptoNews
📢 @Coindce
🔴
Binance Hack Funds Spread Across 12,000 Wallets in Under Four Days
Funds stolen from Binance passed through approximately 12,000 wallets in under four days, Elliptic found. The operation spanned 11 blockchains, while the firm assessed that only a negligible amount had likely been cashed out. Binance Hack Funds Spread Across 12,000 Wallets in Under Four Days
Key Takeaways
- The operation used roughly one new wallet every 25 seconds.
📰 Bitcoin.com
#BNB #Binance #CryptoSecurity #CryptoNews
📢 @Coindce
Binance Hack Funds Spread Across 12,000 Wallets in Under Four Days
Funds stolen from Binance passed through approximately 12,000 wallets in under four days, Elliptic found. The operation spanned 11 blockchains, while the firm assessed that only a negligible amount had likely been cashed out. Binance Hack Funds Spread Across 12,000 Wallets in Under Four Days
Key Takeaways
- The operation used roughly one new wallet every 25 seconds.
📰 Bitcoin.com
#BNB #Binance #CryptoSecurity #CryptoNews
📢 @Coindce
⚡
South Korea urges exchanges to boost cold storage after Binance hack
South Korea urges exchanges to boost cold storage after Binance hack
South Korean crypto exchanges are already required to hold at least 80% of customer crypto in cold wallets, but the regulator is urging more. South Korea’s Financial Services Commission has urged domestic crypto exchanges to increase the proportion of assets held in cold wallets after the $6.3 billion attack on Binance last week. In a statement Monday, the FSC said it held an emergency meeting with the Financial Supervisory Service, the Financial Security Institute, the Digital Asset eXchange Alliance (DAXA) and major crypto service providers to review the impact of the Binance hack on South Korea’s crypto market and review exchanges’ security measures.
📰 CoinTelegraph
#BNB #Binance #CryptoSecurity #CryptoNews
📢 @Coindce
South Korea urges exchanges to boost cold storage after Binance hack
South Korea urges exchanges to boost cold storage after Binance hack
South Korean crypto exchanges are already required to hold at least 80% of customer crypto in cold wallets, but the regulator is urging more. South Korea’s Financial Services Commission has urged domestic crypto exchanges to increase the proportion of assets held in cold wallets after the $6.3 billion attack on Binance last week. In a statement Monday, the FSC said it held an emergency meeting with the Financial Supervisory Service, the Financial Security Institute, the Digital Asset eXchange Alliance (DAXA) and major crypto service providers to review the impact of the Binance hack on South Korea’s crypto market and review exchanges’ security measures.
📰 CoinTelegraph
#BNB #Binance #CryptoSecurity #CryptoNews
📢 @Coindce
🚨
Binance begins second withdrawal phase following record hack
Binance begins second withdrawal phase following record hack
The exchange says additional assets will become available for withdrawal from 04:00 UTC on Tuesday as security checks are completed, following an initial reopening on Nov. Binance plans to begin a second phase of cryptocurrency withdrawals on Tuesday following last week’s $6.3 billion hack. Withdrawals for additional assets are scheduled to resume progressively from 04:00 UTC on Tuesday, according to Binance’s latest recovery notice.
📰 CoinTelegraph
#BNB #Binance #CryptoRegulation #SEC #CryptoNews
📢 @Coindce
Binance begins second withdrawal phase following record hack
Binance begins second withdrawal phase following record hack
The exchange says additional assets will become available for withdrawal from 04:00 UTC on Tuesday as security checks are completed, following an initial reopening on Nov. Binance plans to begin a second phase of cryptocurrency withdrawals on Tuesday following last week’s $6.3 billion hack. Withdrawals for additional assets are scheduled to resume progressively from 04:00 UTC on Tuesday, according to Binance’s latest recovery notice.
📰 CoinTelegraph
#BNB #Binance #CryptoRegulation #SEC #CryptoNews
📢 @Coindce
⚡
Binance Warns of Fake Compensation Offers as Withdrawals Resume
Binance warned that impersonators could exploit its withdrawal restart with fake compensation offers and fees for faster processing. The exchange also completed a cryptographic reserve proof, enabling customers to check backing for 10 tokens while recovery continued. Binance Warns of Fake Compensation Offers as Withdrawals Resume
Key Takeaways
- Binance rejected paid withdrawal priority and compensation claim links.
📰 Bitcoin.com
#BNB #Binance #CryptoNews
📢 @Coindce
Binance Warns of Fake Compensation Offers as Withdrawals Resume
Binance warned that impersonators could exploit its withdrawal restart with fake compensation offers and fees for faster processing. The exchange also completed a cryptographic reserve proof, enabling customers to check backing for 10 tokens while recovery continued. Binance Warns of Fake Compensation Offers as Withdrawals Resume
Key Takeaways
- Binance rejected paid withdrawal priority and compensation claim links.
📰 Bitcoin.com
#BNB #Binance #CryptoNews
📢 @Coindce