Binance says it has $6.34 billion ready to cover record $6.3 billion hack losses
Binance says its own funds will cover the shortfall, with roughly $3 billion of stolen assets frozen by industry partners, and plans to publish proof of reserve
Theblock · +14 outlets
Binance hack tied to North Korea's Lazarus Group as investigators trace $6.3 billion theft
Blockchain analysts and investigators attribute the breach of Binance hot-wallet signing infrastructure to North Korea-linked actors, who are using novel launde
Coindesk · +14 outlets
Bitcoin falls below $77,000 as Binance hack triggers $1.57 billion in liquidations
Crypto markets sold off sharply on the exchange breach, with longs accounting for most of the forced closures and BNB dropping over 7%.
Coindesk · +6 outlets
Strategy posts record $19.5 billion Q3 net income on $20.9 billion bitcoin gain
Strategy's bitcoin holdings reached 848,517 BTC, though revenue missed estimates and BTC-per-share declined.
Theblock · +10 outlets
Hacker splits $1.4 billion of stolen bitcoin into 19 wallets that cannot be frozen
Blockchain traces show 18,270 coins distributed across 19 wallets held by an entity whose BTC balance now exceeds Coinbase's corporate treasury.
Coindesk · +12 outlets
Strategy CFO Andrew Kang resigns as MSTR stock falls 6% on earnings
The CFO departure accompanied a revenue miss and a 6% drop in MSTR shares despite record operating profit.
Coindesk · +3 outlets
Saylor says Strategy could create up to $30 billion in digital credit to fund more bitcoin
Analysts said Strategy's revised preferred-stock structure, backed by a $4.83 billion cash reserve, sets up renewed bitcoin buying.
Theblock · +12 outlets
Binance reserve data shows drained wallets backed customer assets
CoinDesk analysis found Binance's ether backing an estimated 6% short until the exchange replaces stolen funds.
Coindesk · +13 outlets
Trump says administration is looking into Binance hack as calls grow for crypto rules
The breach has renewed legislative pressure on crypto market regulation.
Theblock · +11 outlets
Binance uncovers wider breach, targets Sunday withdrawal restart
CEO Richard Teng said hackers erased evidence and bypassed security checks; Binance targets a 48-hour withdrawal window and Monday proof-of-reserves publication
Coindesk · +5 outlets
Coinbase Q3 net income jumps 66% as prediction markets gain traction
Coinbase reported $719 million in profit, with derivatives and prediction markets offsetting weaker spot trading, though stablecoin revenue economics drew scrut
Theblock · +3 outlets
Tether and Circle froze $1.79 billion; experts split on hack asset freezes
Stablecoin issuers moved within hours to block billions in stolen crypto, but legal experts question whether smaller victims would get the same protection.
Coindesk · +1 outlets
Strategy shareholders approve daily dividends on four preferred stocks
The shift to daily preferred payments is aimed at speeding up Strategy's capital-raising cycle.
Yahoo Finance · +14 outlets
Ethereum upgrade permission let attacker drain $2.5 billion from Binance
The attacker used a 2025 wallet upgrade with 50 signatures from Binance's own wallet to move funds.
Coindesk · +6 outlets
ICE partners with Trade[XYZ] to bring Hyperliquid-based perpetual futures to the US
NYSE parent ICE will invest in Trade[XYZ]; HYPE surged 15% and Stanley Druckenmiller's first X post backed the venture after a $23 million indirect investment.
Theblock · +14 outlets
Institutional investors pull funds from exchanges after Binance hack
CoinDCX restricted new futures positions after the incident disrupted a key liquidity provider, as large investors withdrew from exchanges.
Coindesk · +13 outlets
Corporate bitcoin treasuries reach 1.3 million BTC as Bitfinex flags funding risk
Public companies now hold about 1.3 million bitcoin, but Bitfinex questions the preferred-share financing model underpinning much of the buying.
Crypto News
Wall Street analysts urge buying crypto stocks on weakness after Binance hack
Analysts at Cantor Fitzgerald, TD Cowen and Compass Point said the breach is unlikely to derail the market's recovery, while some firms pushed bitcoin proxies i
Coindesk