Binance hack drains up to $6.4B, exchanges freeze funds, US agencies join probe
The largest exchange breach on record forced Circle and Tether to freeze roughly $1.8 billion and drew CFTC, Secret Service and FBI involvement, with North Kore
Decrypt · +4 outlets
Binance says it has $6.34B set aside to cover hack losses
Binance's CEO said user assets are safe as the exchange disclosed a reserve to absorb losses from the breach.
The Block · +14 outlets
Binance hack tied to North Korea's TraderTraitor by TRM and Chainalysis
Blockchain analytics firms attributed the $6.4B Binance theft to the Lazarus-linked TraderTraitor group.
Decrypt · +14 outlets
Crypto ETFs now go far beyond Bitcoin, SEC weighs if rules have kept up
The SEC is reviewing whether its framework still fits a market with ETFs spanning assets beyond Bitcoin.
Yahoo Finance · +3 outlets
Tether and Circle freeze $1.8B as funds from Binance hack moved
Stablecoin issuers Tether and Circle froze roughly $1.8 billion as stolen funds from the Binance breach were traced.
Decrypt · +7 outlets
Binance hack began with $296M XRP drain after 36-hour preparation
CryptoSlate reported the intrusion started with a large XRP outflow following an extended setup phase.
CryptoSlate · +2 outlets
Hyperliquid's HYPE jumps 13% as NYSE owner ICE moves to bring perpetual futures to US
Intercontinental Exchange's push to offer Hyperliquid perpetual futures in the US lifted the HYPE token and the sector.
Decrypt · +7 outlets
Binance hack shows why offshore exchanges need US oversight, CFTC chair says
The CFTC chair cited the Binance breach as evidence for extending US regulatory reach over offshore venues.
Decrypt · +2 outlets
Binance hacker hunts for exit ramps as DeFi exchanges pause markets
DeFi venues halted some trading as the attacker sought ways to move stolen funds.
Decrypt · +2 outlets
Intel stock suffers worst crash in 50 years as weak forecast overshadows AI chip demand
Intel posted its steepest share decline in five decades after guidance disappointed despite AI chip interest.
Decrypt · +9 outlets
Ethereum's EIP-7702 upgrade behind the $6.4B Binance hack, Decrypt reports
Decrypt examined how an account abstraction upgrade featured in the mechanics of the Binance exploit.
Decrypt · +1 outlets
Coinbase swings to $719M Q3 profit on crypto gains
Coinbase reported a return to profit in the third quarter, driven by gains in crypto markets.
Decrypt · +4 outlets
Reddit stock plunges 30% as Google's AI search hits traffic and user growth
Reddit shares fell sharply after the company cited pressure on traffic and users from AI search, even as it signed a Google AI training deal.
Decrypt · +12 outlets
Binance finds additional points of breach in $6.3B hack
Binance said its investigation uncovered further access points beyond the initial intrusion.
Decrypt · +12 outlets
Hedge funds exited the BTC ETF trade as sovereign wealth stepped in
Decrypt reported a shift in Bitcoin ETF ownership from hedge funds toward sovereign wealth funds.
Decrypt · +12 outlets
Treasury sanctions 11 over North Korean IT worker scheme that moved crypto
The US Treasury targeted 11 people tied to a North Korean IT worker operation that moved millions in crypto.
Decrypt · +4 outlets
Polymarket pauses trading while investigating security incident
The prediction market halted trading as it looked into a security issue affecting its platform.
Decrypt
HTX agrees to leave UK in settlement with financial watchdog
Justin Sun's HTX will exit the UK market under a settlement with the country's financial regulator.
Decrypt