Binance confirms $6.3B hack, the largest crypto theft on record, halts withdrawals and trading
Binance says about $6.3 billion was drained from hot wallets across multiple blockchains, the largest crypto theft ever, forcing the exchange to suspend withdra
Cointelegraph · +15 outlets
North Korean TraderTraitor group linked to the Binance hack by TRM Labs, Chainalysis and ZachXBT
Blockchain analytics firms attribute the $6.3 billion theft with high confidence to North Korea's TraderTraitor unit, the same group behind prior exchange breac
Cointelegraph · +14 outlets
Binance says it has more than $6.34 billion set aside to cover hack losses
The exchange pledged full reimbursement to users, said it holds matching tokens in custody and will include the assets in its next proof-of-reserves report.
Cointelegraph · +14 outlets
Crypto markets slide after the hack: Bitcoin below $77K, $1.57B in liquidations
Bitcoin, BNB and the broader market fell sharply as the breach triggered leveraged liquidations and a bout of risk-off selling.
Cointelegraph · +10 outlets
FBI and Secret Service join Binance hack probe as stablecoin issuers freeze billions
US agencies are tracing stolen assets while Tether, Circle and Ripple froze several billion dollars of the laundered stablecoins.
Cointelegraph · +10 outlets
Binance attributes breach to a compromised engineer's DevOps laptop
Binance says attackers may have used a hacked employee laptop to reach internal infrastructure, with reports describing a 36-hour preparation phase starting wit
Cointelegraph · +13 outlets
CFTC chair says the Binance hack proves offshore exchanges need US oversight
US derivatives regulators cited the record breach as evidence that offshore crypto venues should be brought under American supervision.
Decrypt · +11 outlets
Binance hacker holds 18,270 BTC and over 500,000 ETH that no one can freeze
The attacker's Bitcoin stash exceeds Coinbase's reported corporate treasury, underscoring how much of the haul sits in assets with no issuer-level freeze capabi
Cointelegraph · +4 outlets
Hackers used novel laundering tactics and a self-destruct mechanism to hide $6.3 billion
Investigators describe attackers racing to convert frozen-able stablecoins into assets issuers cannot seize, with DeFi venues pausing markets as exit ramps narr
Business Insider · +4 outlets
Crypto-linked stocks sell off after the Binance breach, Coinbase leads the tumble
Exchange and crypto-equity shares fell alongside a broader tech-driven selloff as investors weighed fallout from the heist.
Cointelegraph · +9 outlets
Security researchers debate EIP-7702's role in amplifying Binance's losses
Experts say the Ethereum upgrade did not cause the hack but may have helped attackers bypass withdrawal safeguards during the drain.
Cointelegraph · +2 outlets
Intel stock suffers its worst crash in 50 years as weak guidance overshadows AI chip demand
The chipmaker's bleak forecast dragged the stock to a historic one-day decline amid a broader technology selloff.
Decrypt · +3 outlets
Coinbase Q3 net income jumps 66% as prediction markets gain traction
The exchange posted strong quarterly earnings growth, though its stock fell the same day amid the wider crypto selloff.
The Block · +1 outlets
CZ asks Elon Musk to stop trolling Binance over the hack: 'bad time to troll'
Binance's cofounder publicly asked Musk for restraint after the Tesla and X owner mocked the exchange, escalating a rare public exchange between the two.
CNBC · +14 outlets
Trezor warns CryptoBilis buyers after report of a hardware implant in a Safe 5 device
The hardware wallet maker said a tampered device may have been sold through a reseller, reviving supply-chain concerns for self-custody users.
Decrypt · +14 outlets
Polymarket pauses trading after second multimillion-dollar security breach in four months
The prediction market halted activity while investigating the incident, its second significant security problem this year.
CryptoSlate · +2 outlets
Standard Chartered sees the hack accelerating a shift to DEXs and favoring Uniswap
The bank's analyst argues the breach strengthens the case for decentralized trading and raises his long-term outlook for UNI.
Cointelegraph
THORChain's RUNE jumps 13% as attention turns to cross-chain laundering routes
The token rallied after North Korean-linked actors previously used the protocol to move stolen funds from other exchange hacks.
Cointelegraph