News linked to this event type.
The Blast Layer 2 network has now shut down, and users can apply to recover their assets within the next 12 months. Users who still have assets in Blast L2 wallets, pending withdrawals, or Blast Mobile can retrieve their ETH or USD assets through the official recovery website. The asset recovery website will remain open until November 4, 2027.
Odaily Report: According to monitoring by on-chain analyst Ai Yi, an address that was previously on the verge of liquidation and held high-leverage long positions in BTC, ETH, HYPE, and ZEC worth a total of $101 million has now turned profitable, with $4.058 million in unrealized gains. Among these, BTC unrealized gains stand at $1.754 million, and ZEC unrealized gains at $1.245 million. On the same day, the address's profit and loss fluctuated by more than $5.78 million.
Odaily report: According to Arkham monitoring, a wallet associated with Selini Capital has once again bought 57,771 AVAX from Binance, worth over $500,000. As of now, this wallet has maintained net buying for six consecutive days, with cumulative AVAX tokens purchased through Binance exceeding $5 million in value, at an average purchase price of approximately $8.785. After each AVAX purchase, the wallet transfers the tokens to a 6/6 multisig wallet managed by Selini Capital.
Odaily Report: On-chain analyst Yu Jin posted on X platform that the SmartX CEO claims to hold long positions worth approximately $16.5 million on Binance, currently facing an unrealized loss of about $2 million; among them, the BTC and ETH long positions were opened at $82,066 and $2,524, respectively. Yu Jin noted that based on the entry prices, these long positions may have been established after the price decline around October 10; the SmartXTerminal mentioned by the SmartX CEO is a social trading app set to launch this month.
Bybit announced that KOR has been listed on its spot trading platform, allowing users to trade and deposit.
CoinEx founder Haipo Yang stated that the Binance hack exposed at least three avoidable security vulnerabilities, and the problem lies in operational discipline rather than a lack of advanced technology. The vulnerabilities include the failure to isolate work and personal devices, a single credential being able to operate production services, and multi-party computation signers failing to independently verify transactions.Binance said the incident on October 29 affected approximately $6.34 billion in assets in its hot wallet; as of October 31, 98% of the affected assets had been replenished using company funds. The FBI attributed the attack to the North Korean TraderTraitor group.Binance has rebuilt the affected wallet system, replaced devices, revoked credentials, and strengthened risk controls for wallet services. CoinEx will also open withdrawals before December 22, 2026; Haipo Yang previously said that the security and compliance risks of operating an exchange have become harder to control. (Bitcoin.com News)
Odaily reports: According to monitoring by Bitcoin News, Crédit Mutuel Arkéa has confirmed that hackers carried out fraudulent transactions. Blockchain investigator @zachxbt estimates losses exceeding $133 million. Blockchain analytics firm Bitquery traced $108.8 million in USDC transferred out of Kraken, Crypto.com, and OKX accounts within 21 hours. To avoid the issuer freezing the funds, the attackers quickly converted the stolen stablecoins into ETH, with $63 million converted into 27,553 ETH within 4 hours. The bank stated that the attack has been contained and customers will not suffer any loss of funds. The total amount stolen has still not been confirmed.
analyst Adam posted on X platform stating that on-chain trading terminals are approaching the fifth 90% drawdown in history. Historical data shows that such drawdowns last an average of approximately 45 days from peak to bottom, with the longest previous drawdown lasting 61 days, occurring in March 2025.Adam noted that the current drawdown has lasted 58 days, approaching the historical record for the longest duration. He believes that assuming the on-chain trading market has not entered a prolonged recession, trading volume may soon begin to rebound.
According to a case published by the Fusui County People's Court of Guangxi, in 2020, a couple surnamed Mo in their seventies were introduced by an acquaintance to participate in an overseas virtual currency mining machine wealth management project. They initially invested 4,200 yuan and successfully recovered their principal, before subsequently investing over 60,000 yuan. In December 2020, the involved platform was shut down, making fund withdrawals impossible. In early 2026, the couple sued the investment introducer and the actual operator, demanding the return of the entire investment amount plus interest.
Crypto trader Doctor Profit posted that Bitcoin is currently testing the key Level 2 price level referenced in his earlier report. He stated that if BTC breaks through this level and consistently closes above it on a daily basis, it would serve as a strong bullish signal. This would indicate that the market has absorbed the panic selling sparked by the Binance hack, the distribution phase is likely winding down, and buyers are regaining market control.
Fortuneo, an online bank under France's Crédit Mutuel Arkéa group, is suspected of falling victim to large-scale transfer fraud. Attackers allegedly initiated cross-border transfers using forged beneficiary information, opened accounts on cryptocurrency exchanges such as Kraken with fake identities, completed KYC verification to receive the funds, and subsequently converted the fiat currency into stablecoins for transfer.
Binance SAFU fund's 7,500 BTC was transferred to an unmarked wallet at 5:56 UTC on November 3. The wallet subsequently split the funds into transfers of approximately 150 BTC each, with roughly 50 BTC per transaction, some of which were then consolidated and transferred out again.This batch of BTC had previously been transferred out of Binance's Secure Asset Fund for Users (SAFU) on October 31 to cover losses caused by the hot wallet breach. SAFU currently holds slightly more than 7,500 BTC, worth approximately $572 million, below Binance's $800 million rebalancing threshold.Binance has committed to replenishing SAFU to approximately $1 billion but has not yet announced a timeline for the replenishment. On-chain data does not indicate who owns the receiving address, and Binance has not explained the transfer. (Bitcoin.com News)
Odaily reports: He Yi reposted a Binance public opinion analysis article, stating that stirring up trouble will only drive everyone away and reduce everyone's confidence in the industry, not just in Binance.The article states that the public opinion surrounding Binance this time is "another attack targeting Binance." According to the analysis and statistics, within approximately 78 hours from October 30 to November 2, 1,083 accounts published 11,700 hostile posts about the Binance hacking incident, gaining approximately 20.93 million impressions, of which 3,354 were determined to be false information.The analysis also states that among the 641 most active accounts, 452 had coordinated connections; 89% of the accounts rarely mentioned Binance normally, but during the incident their posting frequency reached 24.6 times the baseline. During Binance's withdrawal recovery phase, mobilization posts such as "withdraw immediately" and "bank run" reached 11.2 per hour, the peak across all phases.
according to Onchain Lens monitoring, Jump Crypto (0xf584...D621) transferred 15 million USD1 to BitGo in two transactions over the past hour, and the funds were subsequently moved to a BitGo hot wallet.
on-chain analyst Aunt Ai posted on X platform stating that Bitcoin has returned to $78,000. "Set 10 Big Goals First" is estimated to have re-entered positions in the $75,000 to $78,000 range, and claims the bull market has already begun with a target price of $120,000. Yi Lihua, who was previously bearish, has turned bullish, believing that after Bitcoin triggers the 40-day rebound demand following the pullback, it will rise to approximately $82,600.
According to Onchain Lens monitoring, the Mercado Bitcoin hacker (0xbaa...E896) transferred 1.92 million VIRTUAL (approximately $1.14 million) to a new wallet and is currently selling them in batches through MetaMask, with each batch of 30,000 to 40,000 tokens valued at approximately $17,000 to $45,000.
A trader has been liquidated multiple times over the past 7 days, involving positions exceeding $52.5 million, and still holds a BTC short position worth approximately $5.54 million.
Darkfost points out that historically, a decline in selling pressure typically helps form a bottom, but this does not guarantee a market rebound, as sustained recovery still requires demand support, which Bitcoin currently lacks.
Binance employee sisi stated that the affected wallet system has been rebuilt in a new environment, and the withdrawal volume in the two days following the resumption of withdrawals was comparable to the stolen amount.
that, according to Onchain Lens monitoring, a whale transferred 1,073.49 BTC (approximately $83.39 million) to a new wallet; this batch of BTC was initially received from @BTCMarkets 3 months ago.