๐จ UPDATE: Hereโs whoโs been affected by the Binance hack so far
**Limited exposure:**
- **Wintermute:** Exposure is below 20% of net equity. CEO Evgeny Gaevoy says operations would continue without disruption under any scenario.
- **GSR:** Exposure is below 5% of net equity, with no material impact on normal business expected. The firm is in touch with Binance contacts to assess the situation.
**No direct exposure:**
- **Ethena:** Collateral exposed to exchanges is held by off-exchange custodians, not on exchanges themselves.
- **Lido:** stETH is unaffected, and staking and withdrawals are operating normally. Lido Earn has no direct exposure.
- **Aave:** Contracts are unaffected and positions remain overcollateralized. As a precaution, all DAO-operated V3 and V4 markets have been frozen. New deposits and borrowing are paused, while withdrawals and repayments remain available.
Yoni Crypto
**Limited exposure:**
- **Wintermute:** Exposure is below 20% of net equity. CEO Evgeny Gaevoy says operations would continue without disruption under any scenario.
- **GSR:** Exposure is below 5% of net equity, with no material impact on normal business expected. The firm is in touch with Binance contacts to assess the situation.
**No direct exposure:**
- **Ethena:** Collateral exposed to exchanges is held by off-exchange custodians, not on exchanges themselves.
- **Lido:** stETH is unaffected, and staking and withdrawals are operating normally. Lido Earn has no direct exposure.
- **Aave:** Contracts are unaffected and positions remain overcollateralized. As a precaution, all DAO-operated V3 and V4 markets have been frozen. New deposits and borrowing are paused, while withdrawals and repayments remain available.
Yoni Crypto
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๐จ JUST IN: Binance says it has frozen $2.54 billion in assets so far. The total could grow as it continues tracing the funds.
Yoni Crypto
Yoni Crypto
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๐จ More than $1 billion in positions were liquidated over the past 24 hours, including $958 million in long positions, as $BTC fell below $78,000.
Yoni Crypto
Yoni Crypto
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๐จ UPDATE: Binance says the confirmed frozen funds linked to the hack have risen to around $3 billion, up from $2.54 billion earlier.
Yoni Crypto
Yoni Crypto
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๐จ JUST IN: Binance says the hack likely originated from a DevOps engineerโs compromised laptop. So far, thereโs no evidence that any private keys were exposed.
The estimated total impact is around $6.3 billion.
Yoni Crypto
The estimated total impact is around $6.3 billion.
Yoni Crypto
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โก๏ธ TODAY: Elon Musk says AI superintelligence agents could one day exploit the financial system just as the Binance hacker didโseeking to enrich themselves, not serve people.
Yoni Crypto
Yoni Crypto
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๐จ UPDATE: Binance co-founder Yi He says deposits are operating normally. Withdrawals are expected to resume within 48 hours as upgrades to the withdrawal service are completed.
Yoni Crypto
Yoni Crypto
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๐จ Keep up with the latest updates on Binanceโs ~$6B hack, all in one place:
https://cointelegraph.com/news/live-updates-binance-63b-hack-linked-to-north-koreas-tradertraitor
Yoni Crypto
https://cointelegraph.com/news/live-updates-binance-63b-hack-linked-to-north-koreas-tradertraitor
Yoni Crypto
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๐จ UPDATE: Binanceโs investigation has identified additional points of failure beyond the potentially compromised laptop.
Withdrawals are expected to resume in 45 hours.
Yoni Crypto
Withdrawals are expected to resume in 45 hours.
Yoni Crypto
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๐ฅ JUST IN: Binance has started reimbursing affected users, setting aside more than $6.34 billion in company funds to cover losses.
Yoni Crypto
Yoni Crypto
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๐จ $6.3 billion stolen. How did Binance become the victim of the biggest crypto hack in historyโand what does it mean for your Bitcoin?
Our latest explainer unpacks the story:
https://youtu.be/gUTDIlh-bCQ
Yoni Crypto
Our latest explainer unpacks the story:
https://youtu.be/gUTDIlh-bCQ
Yoni Crypto
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๐จ UPDATE: Binance is working with the FBI and other law enforcement agencies to recover the stolen funds. So far, $3 billion has been frozen.
https://ct.com/news/binance-fbi-recover-assets-hack?utm_source=rss_feed&utm_medium=rss_campaign=rss_partner_inbound
Yoni Crypto
https://ct.com/news/binance-fbi-recover-assets-hack?utm_source=rss_feed&utm_medium=rss_campaign=rss_partner_inbound
Yoni Crypto
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๐ฅ BIG: Tether posted $1.5B in net operating profit for Q3, while doubling its reserve buffer.
Yoni Crypto
Yoni Crypto
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โก๏ธ JUST IN: Apple has surpassed Nvidia to become the worldโs most valuable company, with a $5.03 trillion market cap compared with Nvidiaโs $4.94 trillion.
Yoni Crypto
Yoni Crypto
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๐บ๐ธ REGULATION: Senator Lummis says the CLARITY Act would have allowed crypto firms to freeze funds โthe moment law enforcement callsโ during the $6.3B Binance hack.
The bill remains stalled in the Senate after a 49โ50 vote.
Yoni Crypto
The bill remains stalled in the Senate after a 49โ50 vote.
Yoni Crypto
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๐บ๐ธ US spot Bitcoin ETFs recorded their biggest single-day outflow since June, with more than $643 million withdrawn.
Yoni Crypto
Yoni Crypto
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๐บ๐ธ BIG NEWS: ICE, the parent company of the NYSE that urged U.S. regulators to crack down on Hyperliquid, now plans to offer Hyperliquid-based perpetuals to U.S. retail traders through Trade[XYZ].
The news follows X users drawing attention to a since-deleted post on the subject.
Yoni Crypto
The news follows X users drawing attention to a since-deleted post on the subject.
Yoni Crypto
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๐บ๐ธ UPDATE: Coinbaseโs Bitcoin Premium has stayed negative for 38 straight days, now at -0.2434%โa sign that US buyers are still on the sidelines.
Yoni Crypto
Yoni Crypto
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