Binance says it has $6.34B reserved to cover record $6.3B hack, targets Sunday withdrawal restart
Binance's own reserve data shows drained wallets backed customer balances, leaving ether backing about 6% short until the exchange replaces stolen funds.
Theblock · +4 outlets
Binance hack traced to Lazarus Group; attackers split $1.4B of bitcoin into 19 unfreezable wallets
Investigators tie the breach to North Korea's Lazarus Group, with the attacker exploiting an Ethereum wallet-signing feature and dumping FUN and other thin toke
Coindesk · +2 outlets
Trump says administration is looking into Binance hack as calls grow for crypto legislation
The White House intervention follows the largest crypto hack on record and adds pressure on Congress to pass market structure rules.
Theblock · +10 outlets
Crypto liquidations hit $1.57B as Binance hack sends bitcoin below $77,000
Roughly 84% of forced closures were long bets, with Binance handling nearly half the total, and Standard Chartered expects further pressure.
Coindesk · +11 outlets
ICE takes minority stake in Trade[XYZ] to bring Hyperliquid-based perpetuals to the US
NYSE parent ICE will partner with and invest in Trade[XYZ]; Stanley Druckenmiller's first X post backed the venture after a $23M indirect investment.
Theblock · +14 outlets
Experts split on Binance hack asset freezes, warn recovery for smaller victims is uncertain
Tether and Circle froze billions within hours, but legal experts question whether smaller victims would receive the same protection.
Coindesk
Strategy posts $19.5B Q3 net income on bitcoin gain; CFO Andrew Kang resigns
Strategy holds 848,517 BTC and moved preferreds to daily dividends, while analysts cited its $4.83B cash reserve as supporting renewed bitcoin buying.
Coindesk · +3 outlets
Institutional investors pull funds from exchanges after Binance hack
Withdrawals suggest the fallout from the multibillion-dollar breach is spreading beyond Binance.
Coindesk · +12 outlets
Coinbase Q3 net income jumps 66% as prediction markets gain traction
Bernstein said expanding prediction markets and derivatives offset weaker spot trading activity.
Theblock · +4 outlets
Polymarket resumes trading after $2.65M exploit tied to compromised third-party provider
The platform placed its exchange in cancel-only mode after users reported drained accounts within minutes.
Theblock · +5 outlets
Trezor reports suspected hardware implant in a Safe 5 device sold by CryptoBilis
Trezor urged CryptoBilis buyers to migrate funds after receiving a credible report of tampering with the hardware wallet.
Theblock · +14 outlets
Wall Street analysts urge buying crypto stocks on weakness after Binance hack
Cantor Fitzgerald, TD Cowen and Compass Point say the $6.3 billion breach is unlikely to derail the market's recovery.
Coindesk · +8 outlets
Utah files criminal charges against Kalshi and its executives over alleged illegal gambling
AG Derek Brown charged Kalshi, Tarek Mansour and Luana Lopes Lara, escalating state-level pushback on prediction markets.
Theblock · +14 outlets
CoinDCX curbs new futures positions as Binance incident disrupts liquidity provider
The Indian exchange said deposits, withdrawals and customer funds are unaffected despite the disruption.
Coindesk · +9 outlets
Polygon adds Solana to payment stack linking bank accounts, stablecoins and payouts
The former rivals are connecting Solana's stablecoin activity with Polygon's banking, wallet and payment infrastructure.
Theblock · +14 outlets
Polymarket launches ultra-short crypto prediction markets on US platform as CFTC renews scrutiny
The Up/Down crypto contracts arrive while the CFTC reviews Polymarket's compliance with its 2022 US onboarding terms.
Coindesk · +13 outlets
Canary Capital proposes first US staked INJ ETF with 1.10% fee and $15M seed
The Injective Foundation would provide the seed capital for the proposed staked ETF.
Pluang
Curve Finance launches on Stellar mainnet in first native deployment outside EVM
The deployment marks Curve's first expansion beyond Ethereum Virtual Machine chains.
Theblock