Binance hit by record $6bn-plus hack; exchange sets aside $6.34B as FBI and Secret Service join probe
The largest exchange theft on record drained billions in customer assets, with stablecoin issuers freezing funds and investigators tying the breach to North Kor
Decrypt · +2 outlets
CFTC chair says Binance hack shows offshore exchanges need US oversight
The regulator used the record breach to argue offshore venues should be brought under US supervision, a live policy debate after the hack.
Decrypt · +2 outlets
Coinbase and Kraken tighten security procedures after Binance hack
Rival exchanges moved to reassure users and harden defenses, with the incident seen as a potential opening for Coinbase to win share.
Yahoo Finance · +10 outlets
Binance draws $6.34B from reserves to cover hack losses, CEO says assets are safe
Binance committed reserve funds to cover shortfalls, a move testing confidence in its balance sheet and solvency.
Decrypt · +2 outlets
Binance hackers hunted for exit ramps as DeFi venues paused trading
Decentralized exchanges and bridges halted activity to block the stolen funds, illustrating how liquid the laundering path remains.
Decrypt · +4 outlets
Hyperliquid's HYPE jumps 13% as NYSE owner ICE moves to bring its perpetual futures to the US
ICE's move to bring perp futures onshore would mark a significant step for US-regulated derivatives access to DeFi-linked products.
Decrypt · +6 outlets
Coinbase swings to $719 million Q3 profit on crypto gains
The return to profit reflects a rebound in trading activity heading into a volatile period for exchange operators.
Decrypt · +4 outlets
Treasury sanctions 11 over North Korean IT worker scheme that moved millions in crypto
New sanctions target a sanctions-evasion network, tying crypto flows to state-linked revenue programs.
Decrypt · +3 outlets
Intel stock posts worst crash in 50 years as weak forecast overshadows AI chip demand
The selloff reflects doubts about Intel's ability to capitalize on AI demand amid deteriorating guidance.
Decrypt · +1 outlets
Trezor warns CryptoBilis buyers after report of hardware implant in Safe 5 wallet
A tampered hardware wallet reportedly sold through a reseller raises supply chain risks for self-custody users.
Decrypt · +14 outlets
Crypto spends $176 million on midterms but only 13% of voters call it a priority
The gap between industry political spending and voter salience is a gauge of crypto's influence in US elections.
Decrypt · +5 outlets
Reddit stock plunges 30% as Google's AI search hits traffic and user growth
The drop, alongside a separate Google AI training deal, highlights the platform's precarious dependence on search referrals.
Decrypt · +14 outlets
Polymarket pauses trading while investigating a security incident
The prediction market halted activity pending investigation, a notable test of operational resilience for a high-profile venue.
Decrypt · +14 outlets
Walmart blocks its stock from OKX-ICE tokenized trading venue
A major issuer refusing tokenized trading on a new venue highlights unresolved consent questions for asset tokenization.
Decrypt · +6 outlets
Israel extradites alleged Nomad Bridge exploiter to US over $2.8M theft
The transfer signals continued cross-border enforcement against bridge exploits, a category central to DeFi losses.
Decrypt · +2 outlets
Justin Sun's HTX agrees to leave UK in settlement with financial watchdog
The exit agreement shows continued UK pressure on exchanges operating without full authorization.
Decrypt · +1 outlets
Texas brothers sentenced to 15 years in prison over $8 million crypto kidnapping
The case underscores rising physical-security risks tied to crypto holdings and widening law enforcement attention.
Decrypt
Ethereum's EIP-7702 upgrade explained as the mechanism behind the $6.4B Binance hack
The account-abstraction feature drew scrutiny for how delegate permissions may have widened the attack surface.
Decrypt