Binance arranges $6.34B to cover losses from record $6.3B hack, eyes Sunday reopening
Binance says customer funds are safe and has set aside $6.34 billion after attackers drained reserve wallets in the largest crypto theft on record, with the exc
finance.yahoo · +9 outlets
Blockchain sleuths tie $6.4B Binance hack to North Korea's TraderTraitor and Lazarus Group
Chainalysis and TRM Labs attribute the record Binance theft to North Korea-linked actors, a recurring source of large crypto heists.
Decrypt · +4 outlets
Secret Service and FBI join Binance hack probe as Circle freezes $823M
US law enforcement opened an investigation while Circle and Tether froze large portions of the stolen funds, though not all assets can be frozen.
Decrypt · +1 outlets
Crypto market plunges after Binance hack, $1.6B in leveraged positions liquidated
Bitcoin fell below $77,000 and ether and XRP slid as the Binance hack triggered the largest single-day liquidation wave in recent months.
finance.yahoo · +9 outlets
Nasdaq Composite marks worst month since March 2025 as AI spending fears rise
Investors rotated away from tech and AI names, sending the S&P 500 and Nasdaq to a third straight weekly decline.
Yahoo Finance · +5 outlets
Intel stock suffers worst crash in 50 years on weak forecast
Intel's disappointing guidance triggered steep downgrades and dragged PC-linked names like HP and Dell lower.
Decrypt · +12 outlets
Strategy posts record quarterly profit but BTC-per-share falls, MSTR drops 6% as CFO resigns
The Bitcoin treasury company reported record operating income on BTC gains while its per-share Bitcoin metric declined and its CFO stepped down.
CoinDesk · +14 outlets
Ethereum's EIP-7702 upgrade helped drain part of Binance's $6B loss
The Ethereum account-abstraction upgrade is being scrutinized as a factor that let attackers move funds efficiently during the Binance breach.
CoinDesk · +1 outlets
Coinbase swings to $719M Q3 profit on crypto gains as trading cools
Coinbase's third-quarter profit was driven largely by crypto asset gains even as spot trading activity weakened.
Decrypt · +3 outlets
CFTC chair says Binance hack shows why offshore exchanges need US oversight
US derivatives regulators used the record theft to argue for tighter supervision of offshore crypto exchanges.
Decrypt · +2 outlets
Institutional crypto investors rush to pull funds from exchanges after Binance hack
Large holders moved assets off exchanges after the breach, a sign of eroding confidence in centralized custody.
CoinDesk · +7 outlets
Coinbase shares hit over two-year low as Bitcoin dips below $77K and Wall Street cuts targets
COIN fell to multi-year lows after the Binance hack hit crypto volumes and analysts trimmed price targets into its earnings report.
finance.yahoo · +6 outlets
Crypto experts question double standard after issuers freeze billions in Binance hack
The selective freezing of stolen funds raised debate over how centralized stablecoin issuers decide which assets to halt.
CoinDesk · +2 outlets
Amazon's free cash flow turns negative as capex spikes
Amazon's heavy AI-driven capital spending pushed free cash flow into the red, echoing concerns about industry cash burn.
finance.yahoo · +10 outlets
Polymarket suspends trading after third-party breach drains about $1.4M from users
Polymarket halted trading and launched an investigation after a second multimillion-dollar security incident in four months.
CoinDesk · +8 outlets
Binance hacker hunts for exit ramps as DeFi exchanges pause markets
DeFi venues paused or restricted access to block the stolen funds, complicating the attacker's laundering routes.
Decrypt · +3 outlets
Reddit stock plunges 30% as Google's AI search hits traffic growth
Reddit shares fell sharply on worries that AI-generated search results are reducing referral traffic.
Decrypt · +1 outlets
Wall Street analysts urge investors to buy crypto stocks after Binance hack
Analysts framed the selloff in listed crypto equities as an entry point, pitching Bitcoin proxies over direct token exposure.
CoinDesk