Binance says it arranged $6.34 billion to cover losses from a record $6.3 billion hack
Binance says customer funds are safe and it has set aside reserves to cover the largest theft in crypto history, with withdrawals paused pending a Sunday reopen
finance.yahoo · +11 outlets
Investigators tie Binance $6.4 billion hack to North Korea's TraderTraitor as FBI and Secret Service join probe
Chainalysis and TRM attribute the theft to a North Korea-linked group, and Circle says it froze $823 million as US officials cite the case for tighter offshore
Decrypt · +10 outlets
Binance hack triggers $1.5 billion in crypto liquidations, bitcoin falls to about $76,400
Leveraged longs bore the brunt as BTC, ETH and XRP sold off on the exchange breach, and Standard Chartered warned of further pain.
CoinDesk · +13 outlets
NYSE parent ICE strikes deal with Trade[XYZ] to offer Hyperliquid-based perpetuals to US retail
ICE took a strategic stake in the Hyperliquid builder even as US regulatory approval remains pending, a significant step for onshore perpetual futures.
Crypto Briefing · +13 outlets
Binance hacker holds 18,270 bitcoin that no one can freeze, worth more than Coinbase's BTC treasury
The unseizable bitcoin underscores the limits of exchange-level freezes when stolen funds sit in self-custody.
CoinDesk · +12 outlets
ICE deletes X post on Hyperliquid deal, but press release and filing remain live
The social post was pulled a day after the announcement, though the NYSE parent's official disclosure stayed up, leaving the deal's status unclear.
BigGo Finance · +7 outlets
Ethereum's EIP-7702 upgrade helped attackers drain part of Binance's $6 billion loss
Analysts say the account-abstraction upgrade was used to sweep funds during the breach, drawing scrutiny to its security tradeoffs.
CoinDesk · +10 outlets
Crypto experts question double standard after issuers freeze billions in Binance hack
The coordinated stablecoin freezes raised questions about centralization, the same feature that limited the losses.
CoinDesk · +2 outlets
Nasdaq-listed company may sell $450 million in bitcoin, citing Binance hack and quantum fears
The disclosure ties treasury risk to exchange counterparty exposure and long-term cryptographic concerns.
CoinDesk · +6 outlets
CFTC chair says Binance hack shows offshore exchanges need US oversight
The regulator cited the breach as evidence for bringing offshore venues under US rules.
Decrypt · +1 outlets
Two whales sold $109 million of Hyperliquid after ICE softened its perps post
Large holders trimmed positions after the ICE deal messaging shifted, raising questions about the HYPE rally.
24/7 Wall St. · +2 outlets
Institutional crypto investors rush to pull funds from exchanges after Binance hack
Custody and counterparty risk moved back to the top of institutional agendas after the breach.
CoinDesk · +10 outlets
ICE's Hyperliquid perps deal came as Binance's $6.4 billion hack overshadowed Hyperliquid's biggest day
The two events landed within a day of each other, framing the contrast between onshore expansion and exchange risk.
finance.yahoo · +2 outlets
SEC seeks input on whether its rules have kept pace as crypto ETFs move beyond bitcoin
The review signals possible changes to how a broadening field of digital asset ETFs is regulated.
Yahoo Finance · +5 outlets
India's largest exchange curbs crypto futures trading as Binance incident disrupts liquidity
The outage spilled into other venues, showing how dependent market makers are on Binance pricing and liquidity.
CoinDesk · +4 outlets
Uber tests tokenization with HSBC and Franklin Templeton to put idle cash to work
The pilot is another sign of tokenized money market funds moving into corporate treasuries.
CoinDesk · +13 outlets
Grayscale says Hyperliquid earns fees in a bear market without trading volume
The report points to Coinbase passing through interest on USDC balances, an unusual revenue stream for a perps venue.
finance.yahoo
Strategy CFO resigns as company posts record quarterly profit; MSTR falls 6%
The leadership change came alongside record earnings for the bitcoin treasury company.
CoinDesk