Binance loses over $6 billion in largest crypto hack on record; bitcoin slides below $77,000
The breach, which Binance says it will cover in full, has triggered roughly $1.5 billion in liquidations and pulled bitcoin to around $77,000.
Theblock · +14 outlets
Binance hack drained wallets that its own reserve data lists as backing customer assets
Reserve disclosures show the stolen ether left Binance's backing for customer balances roughly 6% short until it is replaced.
Coindesk · +6 outlets
North Korea's Lazarus Group likely behind Binance hack, blockchain researchers say
Attribution to the state-linked group would make the breach the latest in a long series of North Korean crypto thefts.
Coindesk · +14 outlets
Strategy posts record quarterly profit as CFO Andrew Kang resigns; MSTR falls 6%
The company reported about $19.5 billion in Q3 net income and holdings of 848,517 BTC while its CFO stepped down and preferred dividends moved to a daily schedu
Coindesk · +5 outlets
Binance hacker splits $1.4 billion of bitcoin across 19 wallets that cannot be frozen
On-chain tracing shows 18,270 BTC spread over 19 wallets, 17 holding exactly 1,000 BTC each, all unmoved since Thursday night.
Coindesk · +5 outlets
Institutional investors pull funds from exchanges as Binance hack fallout spreads
Withdrawals suggest the impact of the multibillion-dollar breach is extending well beyond Binance itself.
Coindesk · +1 outlets
Coinbase Q3 net income jumps 66% as prediction markets and derivatives gain traction
Bernstein analysts said the newer businesses helped offset weaker spot trading activity.
Theblock · +9 outlets
ICE takes minority stake in Trade[XYZ] to bring Hyperliquid-based perpetuals to the U.S.
NYSE parent ICE is partnering with and investing in the platform, a move that helped HYPE rally 15%.
Theblock · +14 outlets
Tether and Circle froze $1.79 billion in stablecoins as Binance outflows hit $5.8 billion
Issuers moved to freeze the funds while Binance said it was investigating suspicious outflows from its hot wallets.
Theblock · +14 outlets
Polymarket resumes trading after $2.65 million exploit traced to third-party provider
The platform placed its exchange in cancel-only mode following user losses from the compromised provider.
Theblock · +7 outlets
Utah files criminal charges against Kalshi and its executives over alleged illegal gambling
Attorney General Derek Brown brought the charges against the prediction market, CEO Tarek Mansour and co-founder Luana Lopes Lara.
Theblock · +13 outlets
India's CoinDCX curbs new futures positions after Binance incident disrupts liquidity
CoinDCX said the disruption stemmed from a key liquidity provider, while deposits, withdrawals and customer funds were unaffected.
Coindesk · +5 outlets
Trezor reports suspected hardware implant in Safe 5 devices sold by CryptoBilis
Trezor urged buyers of that reseller to migrate funds after receiving a credible report of an implant inside a device.
Theblock · +14 outlets
Walmart, Eli Lilly, JPMorgan and Coca-Cola join pushback against OKX-ICE tokenized stock plans
The objections bring the total to 38 companies as a rival Canton venue prepares an issuer-sponsored stock under an SEC innovation exemption.
Coindesk · +5 outlets
Polygon adds Solana to its payment stack linking bank accounts, stablecoins and payouts
The two networks are connecting Solana stablecoin activity with Polygon's banking, wallet and payment infrastructure.
Theblock · +14 outlets
Binance hacker dumps a little-known 2017 token, sending it down 90%
The sales hit markets too thin to absorb the size, causing sharp price collapses in FUN and other small tokens.
Coindesk · +2 outlets
Robinhood earnings miss on crypto weakness, but Wall Street keeps a bullish outlook
Bernstein sees Robinhood's crypto business shifting toward infrastructure as prediction markets and perps gain ground.
Theblock · +1 outlets
Ripple projects $900 million annualized product revenue run rate as RLUSD hits $2.5 billion
Payments lifetime volume neared $150 billion, and Coinbase added the RLUSD stablecoin across its retail, exchange and Prime platforms.
Theblock · +1 outlets