💰 Bitcoin ETFs Hit $1B Inflow in 3 Days
US spot Bitcoin ETFs recorded $528 million in net inflows on Wednesday, bringing the total haul over the last three trading sessions to $1.08 billion. This surge has successfully pushed October's total flows back into positive territory at $461 million.
BlackRock’s IBIT led the day with $235 million, while Fidelity’s FBTC followed closely with $213 million. This massive buying streak follows two weeks of heavy liquidations where the funds lost nearly $900 million combined.
The institutional demand coincided with Bitcoin hitting an intraday high of $84,777 before settling around $82,485. Other assets also saw relief, with Ethereum ETFs snapping a 5-day losing streak to bring in $15 million.
#Bitcoin #ETF #CryptoNews #BlackRock
US spot Bitcoin ETFs recorded $528 million in net inflows on Wednesday, bringing the total haul over the last three trading sessions to $1.08 billion. This surge has successfully pushed October's total flows back into positive territory at $461 million.
BlackRock’s IBIT led the day with $235 million, while Fidelity’s FBTC followed closely with $213 million. This massive buying streak follows two weeks of heavy liquidations where the funds lost nearly $900 million combined.
The institutional demand coincided with Bitcoin hitting an intraday high of $84,777 before settling around $82,485. Other assets also saw relief, with Ethereum ETFs snapping a 5-day losing streak to bring in $15 million.
#Bitcoin #ETF #CryptoNews #BlackRock
🚨 Railway Security Breach: $371,000 Crypto Theft Alleged
Cloud deployment platform Railway has urged all users to reset their credentials following a security breach discovered on Oct 21. Attackers reportedly accessed encrypted environment variables, which may include API keys, database credentials, and private registry secrets.
On-chain investigator alleges that the exploit has already resulted in the theft of approximately $371,000 in cryptocurrency. The losses span at least 19 EVM chains, with the investigator identifying a specific attacker address linked to keys stored on the platform.
Railway has invalidated all existing API tokens and temporarily paused deployments to contain the threat. The company believes the incident is part of a wider campaign targeting AI inference providers to compromise their infrastructure.
#Railway #CryptoHack #Security #Blockchain
Cloud deployment platform Railway has urged all users to reset their credentials following a security breach discovered on Oct 21. Attackers reportedly accessed encrypted environment variables, which may include API keys, database credentials, and private registry secrets.
On-chain investigator alleges that the exploit has already resulted in the theft of approximately $371,000 in cryptocurrency. The losses span at least 19 EVM chains, with the investigator identifying a specific attacker address linked to keys stored on the platform.
Railway has invalidated all existing API tokens and temporarily paused deployments to contain the threat. The company believes the incident is part of a wider campaign targeting AI inference providers to compromise their infrastructure.
#Railway #CryptoHack #Security #Blockchain
🔴 Bitcoin ETFs see $635M outflow as October turns red
US spot Bitcoin ETFs recorded a massive $635 million in net outflows on Thursday. This sharp exit ended a three-day winning streak that had previously brought in over $1 billion in new capital.
This is the largest single-day withdrawal since June 25. The move has pushed the total net flows for October into the red, with a current monthly deficit of $175 million. Despite this, the weekly total remains positive at $443 million.
Bitcoin price reacted by sliding to around $81,783, down 1% in 24 hours. Other assets also struggled; Ether ETFs saw $111 million leave, while Solana and Hyperliquid (HYPE) ETFs lost $9 million and $8 million respectively. XRP bucked the trend, gaining $3.6 million.
#Bitcoin #ETF #CryptoNews #BTC
US spot Bitcoin ETFs recorded a massive $635 million in net outflows on Thursday. This sharp exit ended a three-day winning streak that had previously brought in over $1 billion in new capital.
This is the largest single-day withdrawal since June 25. The move has pushed the total net flows for October into the red, with a current monthly deficit of $175 million. Despite this, the weekly total remains positive at $443 million.
Bitcoin price reacted by sliding to around $81,783, down 1% in 24 hours. Other assets also struggled; Ether ETFs saw $111 million leave, while Solana and Hyperliquid (HYPE) ETFs lost $9 million and $8 million respectively. XRP bucked the trend, gaining $3.6 million.
#Bitcoin #ETF #CryptoNews #BTC
⚖️ IRS to Slash Penalties for Crypto Tax Disclosures
The IRS is overhauling its voluntary disclosure program to offer lower penalties and faster resolutions for taxpayers who failed to report crypto holdings. IRS Criminal Investigation Chief Jarod Koopman announced the agency aims to launch the revised program before December.
The new process targets a 120-day resolution window, a significant drop from the current timeline which often exceeds one year. While specific penalty figures were not disclosed, Koopman stated they will be substantially lower than current levels.
Digital assets will be handled through the same voluntary disclosure procedures as other tax violations rather than a separate process. The agency is also considering flexible payment options, including installment plans and offers in compromise to settle liabilities.
#IRS #CryptoTax #Regulation #USA
The IRS is overhauling its voluntary disclosure program to offer lower penalties and faster resolutions for taxpayers who failed to report crypto holdings. IRS Criminal Investigation Chief Jarod Koopman announced the agency aims to launch the revised program before December.
The new process targets a 120-day resolution window, a significant drop from the current timeline which often exceeds one year. While specific penalty figures were not disclosed, Koopman stated they will be substantially lower than current levels.
Digital assets will be handled through the same voluntary disclosure procedures as other tax violations rather than a separate process. The agency is also considering flexible payment options, including installment plans and offers in compromise to settle liabilities.
#IRS #CryptoTax #Regulation #USA
🚨 US Senator Probes Tether Over $6 Million Payments to Former White House Adviser
Senator Richard Blumenthal has demanded records from Tether regarding over $6 million in payments made to Nxum, a consulting firm co-founded by Bo Hines. Hines served as a White House crypto adviser and helped draft the GENIUS Act, which regulates stablecoins, before becoming CEO of Tether’s US business.
The inquiry alleges that Tether paid Nxum $415,000 per month while Hines was still in government. The payments were reportedly routed through a marketing firm called Notorious before Tether contracted directly with Nxum once Hines left public service.
#Tether #USDT #Regulation #CryptoNews
Senator Richard Blumenthal has demanded records from Tether regarding over $6 million in payments made to Nxum, a consulting firm co-founded by Bo Hines. Hines served as a White House crypto adviser and helped draft the GENIUS Act, which regulates stablecoins, before becoming CEO of Tether’s US business.
The inquiry alleges that Tether paid Nxum $415,000 per month while Hines was still in government. The payments were reportedly routed through a marketing firm called Notorious before Tether contracted directly with Nxum once Hines left public service.
#Tether #USDT #Regulation #CryptoNews
💰 Circle Launches Circle Match for Institutional USDC Auctions
Circle has introduced Circle Match, a new service allowing institutional customers to mint and redeem USDC through hourly auctions. This system directly pairs those cashing out of the stablecoin with those looking to mint new tokens.
In this setup, institutions redeeming USDC for dollars pay a fee, which is then passed as a rebate to the institutions minting the tokens. Circle stated it will retain no separate spread on these matched volumes, passing the full fee amount to the minters.
Participants set their own limits: redeemers define a maximum fee they will accept, while minters set a minimum rebate. All matched orders in an auction clear at a single uniform fee. The service is available to eligible Circle Mint customers, aiming to provide more efficient settlement than standard routes.
#Circle #USDC #Stablecoin #CryptoNews
Circle has introduced Circle Match, a new service allowing institutional customers to mint and redeem USDC through hourly auctions. This system directly pairs those cashing out of the stablecoin with those looking to mint new tokens.
In this setup, institutions redeeming USDC for dollars pay a fee, which is then passed as a rebate to the institutions minting the tokens. Circle stated it will retain no separate spread on these matched volumes, passing the full fee amount to the minters.
Participants set their own limits: redeemers define a maximum fee they will accept, while minters set a minimum rebate. All matched orders in an auction clear at a single uniform fee. The service is available to eligible Circle Mint customers, aiming to provide more efficient settlement than standard routes.
#Circle #USDC #Stablecoin #CryptoNews
🚨 Kraken Parent to Acquire European Bank
Payward, the company behind Kraken, has reached an agreement to acquire Saldo Finance Oy, the owner of Lithuania-based Saldo Bank. The deal is projected to close in 2027, pending regulatory approval from authorities.
This move allows Kraken to integrate traditional banking services like deposit accounts, lending, and payment processing directly into its ecosystem. Users could eventually manage Bitcoin holdings alongside protected fiat savings in a single interface.
The acquisition includes Saldo Bank’s existing loan book, which held €129.5 million in gross credit as of June 2026. However, financial reports show the bank faced a €545,000 net loss recently as overdue loans more than doubled during 2025.
#Kraken #Banking #CryptoNews #Regulation
Payward, the company behind Kraken, has reached an agreement to acquire Saldo Finance Oy, the owner of Lithuania-based Saldo Bank. The deal is projected to close in 2027, pending regulatory approval from authorities.
This move allows Kraken to integrate traditional banking services like deposit accounts, lending, and payment processing directly into its ecosystem. Users could eventually manage Bitcoin holdings alongside protected fiat savings in a single interface.
The acquisition includes Saldo Bank’s existing loan book, which held €129.5 million in gross credit as of June 2026. However, financial reports show the bank faced a €545,000 net loss recently as overdue loans more than doubled during 2025.
#Kraken #Banking #CryptoNews #Regulation
🚨 DOJ Extradites Chinese National in $37M Crypto Laundering Case
Chinese national Zheng Zhao, 44, has been extradited from the Netherlands to the United States. He is accused of laundering $36.9 million stolen from 174 American victims through an international fraud network operating from scam centers in Cambodia.
Prosecutors allege the funds were moved from US bank accounts to Deltec Bank in the Bahamas. The money was then converted into Tether (USDT) via a shell company called Axis Digital Limited before being transferred to crypto wallets controlled by the criminal network.
Zhao appeared in a Los Angeles federal court on Oct 23 and faces up to 20 years in prison for conspiracy to commit money laundering. Eight other participants have already pleaded guilty in connection with the scheme, which used fake trading platforms to lure victims.
#CryptoCrime #Tether #USDT #DOJ
Chinese national Zheng Zhao, 44, has been extradited from the Netherlands to the United States. He is accused of laundering $36.9 million stolen from 174 American victims through an international fraud network operating from scam centers in Cambodia.
Prosecutors allege the funds were moved from US bank accounts to Deltec Bank in the Bahamas. The money was then converted into Tether (USDT) via a shell company called Axis Digital Limited before being transferred to crypto wallets controlled by the criminal network.
Zhao appeared in a Los Angeles federal court on Oct 23 and faces up to 20 years in prison for conspiracy to commit money laundering. Eight other participants have already pleaded guilty in connection with the scheme, which used fake trading platforms to lure victims.
#CryptoCrime #Tether #USDT #DOJ
💰 Bitcoin ETFs Snap 2-Week Outflow Streak with $301M Inflow
US spot Bitcoin ETFs ended last week with $301 million in net inflows, successfully breaking a two-week streak of heavy withdrawals. The recovery follows significant losses of $228 million and $680 million in the preceding two weeks.
The week saw a massive $1.08 billion inflow between Monday and Wednesday as BTC surged to a weekly high of $84,777. However, momentum cooled by Thursday and Friday, with investors pulling out $774 million as the price retreated toward the $80,000 mark.
Research from DWF Labs indicates that ETF investors are not typically "dip buyers." Data shows net outflows occurred during seven out of eight Bitcoin sell-offs of at least 15% since the ETFs launched in January 2024.
#Bitcoin #ETF #CryptoNews #BTC
US spot Bitcoin ETFs ended last week with $301 million in net inflows, successfully breaking a two-week streak of heavy withdrawals. The recovery follows significant losses of $228 million and $680 million in the preceding two weeks.
The week saw a massive $1.08 billion inflow between Monday and Wednesday as BTC surged to a weekly high of $84,777. However, momentum cooled by Thursday and Friday, with investors pulling out $774 million as the price retreated toward the $80,000 mark.
Research from DWF Labs indicates that ETF investors are not typically "dip buyers." Data shows net outflows occurred during seven out of eight Bitcoin sell-offs of at least 15% since the ETFs launched in January 2024.
#Bitcoin #ETF #CryptoNews #BTC
💰 Ripple & Aviva: £22 Billion Giant Expands on XRPL
British asset manager Aviva has launched a second tokenized share class on the XRP Ledger (XRPL), investing £50 million ($66 million) into its Sterling Liquidity Fund. This brings Aviva's total XRPL-based investments to over £86 million ($116 million).
The fund being tokenized is a massive £22 billion vehicle. The move utilizes the XRPL Multi-Purpose Token (MPT) standard, allowing Aviva to maintain strict compliance controls, including clawback features and restricted transfers, while using blockchain for issuance and redemption.
Simultaneously, Ripple introduced its 24/7 Returns product at the Swell 2026 conference. This allows corporate clients to generate returns on idle cash using the RLUSD stablecoin and other digital assets held in Ripple wallets, operating outside traditional banking hours.
#Ripple #XRP #Tokenization #Aviva #XRPL
British asset manager Aviva has launched a second tokenized share class on the XRP Ledger (XRPL), investing £50 million ($66 million) into its Sterling Liquidity Fund. This brings Aviva's total XRPL-based investments to over £86 million ($116 million).
The fund being tokenized is a massive £22 billion vehicle. The move utilizes the XRPL Multi-Purpose Token (MPT) standard, allowing Aviva to maintain strict compliance controls, including clawback features and restricted transfers, while using blockchain for issuance and redemption.
Simultaneously, Ripple introduced its 24/7 Returns product at the Swell 2026 conference. This allows corporate clients to generate returns on idle cash using the RLUSD stablecoin and other digital assets held in Ripple wallets, operating outside traditional banking hours.
#Ripple #XRP #Tokenization #Aviva #XRPL
💰 US Bitcoin ETFs Return to Inflows After $774M Exit
US-listed spot Bitcoin ETFs recorded $110 million in net inflows on Monday, bouncing back after $774 million was withdrawn over the previous two trading sessions. Despite this recovery, the month of October remains in the red with approximately $202 million in total net outflows.
The rebound occurred as Bitcoin traded near $79,595, marking a 2.6% decline over the past seven days. Market sentiment has shifted slightly downward, with the Crypto Fear & Greed Index falling to 48, keeping the market in Neutral territory.
Data from CryptoQuant shows a divergence between retail and institutional behavior. Retail deposits to Binance nearly doubled to $10.8 billion over 30 days, while whale deposits fell to $3.8 billion. This suggests smaller investors are using price rebounds to exit positions while large holders reduce activity.
#Bitcoin #ETF #BTC #CryptoNews
US-listed spot Bitcoin ETFs recorded $110 million in net inflows on Monday, bouncing back after $774 million was withdrawn over the previous two trading sessions. Despite this recovery, the month of October remains in the red with approximately $202 million in total net outflows.
The rebound occurred as Bitcoin traded near $79,595, marking a 2.6% decline over the past seven days. Market sentiment has shifted slightly downward, with the Crypto Fear & Greed Index falling to 48, keeping the market in Neutral territory.
Data from CryptoQuant shows a divergence between retail and institutional behavior. Retail deposits to Binance nearly doubled to $10.8 billion over 30 days, while whale deposits fell to $3.8 billion. This suggests smaller investors are using price rebounds to exit positions while large holders reduce activity.
#Bitcoin #ETF #BTC #CryptoNews
🚨 Ripple and Robinhood Expand Partnership for RLUSD Stablecoin
Ripple and Robinhood have announced a major expansion to bring the RLUSD stablecoin to retail and institutional markets. The stablecoin will launch on the Robinhood app later this year, following its current availability on Bitstamp and Robinhood Chain.
Robinhood will also integrate Ripple Treasury to manage its global cash operations and liquidity. Additionally, the platform plans to use RLUSD on the XRP Ledger for institutional settlements, moving beyond customer services into internal financial infrastructure.
The news coincides with Ripple receiving final OCC approval to establish a national trust bank to manage RLUSD reserves. BNY has also expanded its role, supporting custody for XRP and RLUSD while allowing clients to mint and redeem the stablecoin directly.
#Ripple #Robinhood #RLUSD #XRP
Ripple and Robinhood have announced a major expansion to bring the RLUSD stablecoin to retail and institutional markets. The stablecoin will launch on the Robinhood app later this year, following its current availability on Bitstamp and Robinhood Chain.
Robinhood will also integrate Ripple Treasury to manage its global cash operations and liquidity. Additionally, the platform plans to use RLUSD on the XRP Ledger for institutional settlements, moving beyond customer services into internal financial infrastructure.
The news coincides with Ripple receiving final OCC approval to establish a national trust bank to manage RLUSD reserves. BNY has also expanded its role, supporting custody for XRP and RLUSD while allowing clients to mint and redeem the stablecoin directly.
#Ripple #Robinhood #RLUSD #XRP
🚨 Coinbase Vendor Breach Exposes Customer Contact Data
Major crypto exchange Coinbase confirmed that a security incident at its analytics vendor, Amplitude, has exposed the contact information of a small group of users. The exchange clarified that its internal systems remain secure and were not breached during this event.
The exposure reportedly affected a "small subset" of Coinbase customers alongside other clients of Amplitude. Coinbase Support stated on X that customer funds are completely safe and unaffected by the data leak.
This incident follows reports of other cyberattacks in the industry, including investigations into a potential breach at South Korean exchange Bithumb. Coinbase has not yet disclosed the exact number of users impacted by this specific vendor leak.
#Coinbase #Security #CryptoNews #DataBreach
Major crypto exchange Coinbase confirmed that a security incident at its analytics vendor, Amplitude, has exposed the contact information of a small group of users. The exchange clarified that its internal systems remain secure and were not breached during this event.
The exposure reportedly affected a "small subset" of Coinbase customers alongside other clients of Amplitude. Coinbase Support stated on X that customer funds are completely safe and unaffected by the data leak.
This incident follows reports of other cyberattacks in the industry, including investigations into a potential breach at South Korean exchange Bithumb. Coinbase has not yet disclosed the exact number of users impacted by this specific vendor leak.
#Coinbase #Security #CryptoNews #DataBreach
💰 Robinhood Hits Record $1.4 Billion Revenue Amid Crypto Recovery
Robinhood reported record net revenue of $1.4 billion for Q3, a 12% year-over-year increase. Despite the revenue milestone, net income fell 14% to $476 million, impacted by $67 million in unrealized losses from its venture fund.
Crypto transaction revenue rose to $120 million, up 20% from the previous quarter. Total crypto trading volume reached $50 billion, with Bitstamp contributing $29 billion while the main Robinhood app handled $21 billion in retail activity.
The Robinhood Chain saw massive adoption in its first mainnet quarter, generating over $80 billion in decentralized exchange (DEX) volume and $50 million in fees. The company now ranks the network as a top-five chain by revenue and volume.
#Robinhood #CryptoNews #Bitstamp #Blockchain
Robinhood reported record net revenue of $1.4 billion for Q3, a 12% year-over-year increase. Despite the revenue milestone, net income fell 14% to $476 million, impacted by $67 million in unrealized losses from its venture fund.
Crypto transaction revenue rose to $120 million, up 20% from the previous quarter. Total crypto trading volume reached $50 billion, with Bitstamp contributing $29 billion while the main Robinhood app handled $21 billion in retail activity.
The Robinhood Chain saw massive adoption in its first mainnet quarter, generating over $80 billion in decentralized exchange (DEX) volume and $50 million in fees. The company now ranks the network as a top-five chain by revenue and volume.
#Robinhood #CryptoNews #Bitstamp #Blockchain
💰 Bitcoin ETFs Turn October Green with $137M Inflow
US-listed spot Bitcoin ETFs recorded $137 million in net inflows on Wednesday, marking a three-day winning streak. This surge brings the total inflows over the last three days to $424 million, successfully pushing October net flows back into positive territory at $111 million.
The recovery follows a massive $774 million outflow recorded late last week. The turnaround coincided with the US Federal Reserve holding interest rates steady between 3.75% and 4%. Fed Chair Kevin Warsh noted that inflation remains above the 2% target, keeping market sentiment in the Neutral zone.
While BTC holds near $79,848, Ether ETFs continue to struggle. ETH funds saw $21 million in withdrawals on Wednesday, bringing the total October outflows for Ether to a significant $1.35 billion.
#Bitcoin #ETF #CryptoNews #Ethereum
US-listed spot Bitcoin ETFs recorded $137 million in net inflows on Wednesday, marking a three-day winning streak. This surge brings the total inflows over the last three days to $424 million, successfully pushing October net flows back into positive territory at $111 million.
The recovery follows a massive $774 million outflow recorded late last week. The turnaround coincided with the US Federal Reserve holding interest rates steady between 3.75% and 4%. Fed Chair Kevin Warsh noted that inflation remains above the 2% target, keeping market sentiment in the Neutral zone.
While BTC holds near $79,848, Ether ETFs continue to struggle. ETH funds saw $21 million in withdrawals on Wednesday, bringing the total October outflows for Ether to a significant $1.35 billion.
#Bitcoin #ETF #CryptoNews #Ethereum
💰 Coinbase Returns to Profit with $719 Million Q3 Net Income
Coinbase has ended a two-quarter losing streak, reporting a net income of $719 million for the third quarter. While total revenue hit $1.22 billion, the profit was largely driven by $715 million in gains from crypto assets held on the company's own balance sheet.
Transaction revenue reached $590 million, beating analyst expectations despite low market volatility. A major highlight was Prediction Markets, which became one of the fastest-growing products in the exchange's history, reaching $200 million in annualized revenue.
The exchange also saw record growth in its USDC holdings, which hit $22 billion. Subscription and services revenue, led by stablecoins, now accounts for nearly half of the company's net revenue at $570 million.
#Coinbase #CryptoNews #Earnings #USDC
Coinbase has ended a two-quarter losing streak, reporting a net income of $719 million for the third quarter. While total revenue hit $1.22 billion, the profit was largely driven by $715 million in gains from crypto assets held on the company's own balance sheet.
Transaction revenue reached $590 million, beating analyst expectations despite low market volatility. A major highlight was Prediction Markets, which became one of the fastest-growing products in the exchange's history, reaching $200 million in annualized revenue.
The exchange also saw record growth in its USDC holdings, which hit $22 billion. Subscription and services revenue, led by stablecoins, now accounts for nearly half of the company's net revenue at $570 million.
#Coinbase #CryptoNews #Earnings #USDC
🚨 Binance hit by $6.3 billion hack linked to North Korea
Binance has confirmed a massive security breach resulting in the theft of approximately $6.3 billion in assets. The exchange has paused all withdrawals for 48 hours while it revamps its security systems. Deposits remain operational.
Chainalysis, TRM Labs, and the FBI have linked the attack to the North Korean hacking group TraderTraitor. Investigators found that funds were commingled with a previous Bitget exploit via THORChain, suggesting the same state-sponsored actor is responsible.
The breach reportedly started through a compromised DevOps engineer’s laptop, allowing attackers to manipulate the exchange's transaction-signing infrastructure. Binance stated there is no evidence that wallet private keys were leaked.
#Binance #CryptoHack #NorthKorea #BNB
Binance has confirmed a massive security breach resulting in the theft of approximately $6.3 billion in assets. The exchange has paused all withdrawals for 48 hours while it revamps its security systems. Deposits remain operational.
Chainalysis, TRM Labs, and the FBI have linked the attack to the North Korean hacking group TraderTraitor. Investigators found that funds were commingled with a previous Bitget exploit via THORChain, suggesting the same state-sponsored actor is responsible.
The breach reportedly started through a compromised DevOps engineer’s laptop, allowing attackers to manipulate the exchange's transaction-signing infrastructure. Binance stated there is no evidence that wallet private keys were leaked.
#Binance #CryptoHack #NorthKorea #BNB
🚨 CFTC Chair Pushes for US Oversight After $6.4 Billion Binance Hack
CFTC Chairman Michael Selig is using the record-breaking $6.4 billion exploit of Binance to argue for federal oversight of offshore crypto exchanges. Speaking to CNBC, Selig stated that the lack of US-style safeguards on unregulated platforms is the "real issue" and proposed a "federal option" for registration and cybersecurity standards.
The hack, tied by TRM Labs and Chainalysis to North Korea’s TraderTraitor group, is the largest in crypto history. While Binance initially blamed a single compromised laptop, CEO Richard Teng now describes a more complex attack that involved multiple breach points beyond one engineer's permissions.
#Binance #CFTC #CryptoHack #Ethereum
CFTC Chairman Michael Selig is using the record-breaking $6.4 billion exploit of Binance to argue for federal oversight of offshore crypto exchanges. Speaking to CNBC, Selig stated that the lack of US-style safeguards on unregulated platforms is the "real issue" and proposed a "federal option" for registration and cybersecurity standards.
The hack, tied by TRM Labs and Chainalysis to North Korea’s TraderTraitor group, is the largest in crypto history. While Binance initially blamed a single compromised laptop, CEO Richard Teng now describes a more complex attack that involved multiple breach points beyond one engineer's permissions.
#Binance #CFTC #CryptoHack #Ethereum
🚨 Binance hit by record $6.3B hack; Trump and US politicians react
Binance has suffered the largest heist in crypto history, with hackers stealing $6.3 billion in less than four hours. The exchange confirmed it will absorb all losses, ensuring users are not financially impacted.
Approximately $3 billion of the stolen funds have already been frozen across various locations. The hack is widely attributed to a North Korean group. The FBI and Secret Service have officially joined the response and investigation.
This event has sparked intense political debate ahead of the Nov. 3 US election. Senator Cynthia Lummis blamed the failure of the Clarity Act for the delay in freezing funds, while Representative Maxine Waters called for stricter accountability and questioned past ties between Donald Trump and Binance.
#Binance #CryptoHack #Regulation #Bitcoin
Binance has suffered the largest heist in crypto history, with hackers stealing $6.3 billion in less than four hours. The exchange confirmed it will absorb all losses, ensuring users are not financially impacted.
Approximately $3 billion of the stolen funds have already been frozen across various locations. The hack is widely attributed to a North Korean group. The FBI and Secret Service have officially joined the response and investigation.
This event has sparked intense political debate ahead of the Nov. 3 US election. Senator Cynthia Lummis blamed the failure of the Clarity Act for the delay in freezing funds, while Representative Maxine Waters called for stricter accountability and questioned past ties between Donald Trump and Binance.
#Binance #CryptoHack #Regulation #Bitcoin
⚡ Jupiter Lend USDC Liquidity Recovers to 29 Million
Jupiter Lend's USDC withdrawal liquidity has bounced back to 29 million USDC after hitting near-zero levels yesterday. Bitquery data showed only $88.89 was available for withdrawal on Oct 30, despite $416 million owed to savers.
The latest API data confirms 29 million USDC is now withdrawable against 443 million USDC in total assets. This represents a recovery to roughly 6.6% of the total pool being available for immediate exit.
The protocol uses dynamic ceilings and relies on unlent funds to process withdrawals. When liquidity is low, depositors must wait for borrowers to repay loans or for new deposits to enter the system.
While the recovery is significant, available liquidity remains a fraction of total claims. The Jupiter team notes that sustained access depends on the balance of repayments and new inflows.
#Jupiter #Solana #USDC #DeFi
Jupiter Lend's USDC withdrawal liquidity has bounced back to 29 million USDC after hitting near-zero levels yesterday. Bitquery data showed only $88.89 was available for withdrawal on Oct 30, despite $416 million owed to savers.
The latest API data confirms 29 million USDC is now withdrawable against 443 million USDC in total assets. This represents a recovery to roughly 6.6% of the total pool being available for immediate exit.
The protocol uses dynamic ceilings and relies on unlent funds to process withdrawals. When liquidity is low, depositors must wait for borrowers to repay loans or for new deposits to enter the system.
While the recovery is significant, available liquidity remains a fraction of total claims. The Jupiter team notes that sustained access depends on the balance of repayments and new inflows.
#Jupiter #Solana #USDC #DeFi