News linked to this event type.
Odaily report: Analysts from three Wall Street firms—Cantor Fitzgerald, TD Cowen, and Compass Point—all believe that despite Binance suffering an approximately $6.3 billion hack, there is currently insufficient evidence to suggest the incident will threaten the broader crypto market, and the market's prior recovery trend is unlikely to be interrupted as a result.Cantor Fitzgerald analyst Ramsey El-Assal noted that Tether has frozen over $1.5 billion in stolen assets, Circle has frozen approximately $800 million, and Ripple has frozen about $200 million, with Binance stating that the total frozen stolen funds currently amount to roughly $3 billion. He believes the crypto industry is gradually improving its ability to respond to such security incidents and expects crypto-related stocks such as Coinbase, Robinhood, and Strategy to rebound once market panic subsides, recommending that investors buy on the dip.TD Cowen analyst Lance Vitanza believes the attack exposed security weaknesses in Binance's own transaction signing infrastructure rather than flaws in the underlying technology of cryptocurrencies like Bitcoin, and that the market sell-off may present an opportunity to accumulate Bitcoin and shares of listed companies holding Bitcoin.Compass Point analysts believe Binance has sufficient liquidity to cover the funding gap, and expect its excess USDT reserves, BTC reserves, and USDC funds to be adequate to absorb the losses. However, the firm also warned that Binance compensating customers could put pressure on stablecoin supply and may drive users to migrate from centralized exchanges to competing platforms such as Coinbase, Bullish, and Hyperliquid. (CoinDesk)
Odaily reports: Crypto analyst Darkfost posted that HYPE's spot trading volume on Binance yesterday hit an all-time high of $16.2 billion, far exceeding the platform's monthly average daily trading volume of approximately $3.6 billion. Driven by this, HYPE's price rose from $81 to $97, a single-day gain of about 24%. The surge in trading volume is related to the announcement of a partnership between TradeXYZ and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE). The two parties plan to launch a 24/7 perpetual futures market in the United States built on Hyperliquid's technical infrastructure, covering equities, commodities, foreign exchange, and cryptocurrencies, subject to regulatory approval.Under the arrangement, ICE will operate the regulated market, while TradeXYZ will handle market design and implementation. The news was subsequently shared by Stanley Druckenmiller in his first-ever post on X. Darkfost noted that the news was quickly priced in by the market, but it was not entirely without warning—Trump had previously stated that Mike Selig, chairman of the U.S. Commodity Futures Trading Commission (CFTC), is working to bring Hyperliquid into the U.S. market in a compliant and legal manner.
Odaily reports: U.S. Attorney Daniel N. Rosen for the District of Minnesota announced that Raymond Christian Garcia and Isiah Angelo Garcia, from Waller, Texas, have each been sentenced to 180 months and 186 months in prison respectively for their involvement in a September 2025 armed kidnapping of a family in Grant, Minnesota, and cryptocurrency extortion scheme.Court documents show that on September 19, 2025, the two traveled from Texas to Minnesota, broke into the victims' home armed with firearms, bound the family with zip ties and held them at gunpoint for over 9 hours, forcing the victims to hand over access to their cryptocurrency accounts. After failing to obtain the expected amount, the two forced the victims to drive to the family's vacation home in northern Minnesota to retrieve additional cryptocurrency storage devices and transfer funds, ultimately forcing the victims to transfer over $8 million in cryptocurrency. After the victims' son called the police, the two fled the scene and were later identified and arrested by law enforcement near Houston, Texas. Both pleaded guilty in June 2026 and were sentenced on October 29.
Odaily report: Crypto analyst Darkfost posted that although Binance yesterday suffered an attack suspected to be linked to the North Korean hacker group Lazarus Group, with losses of approximately $6.3 billion—the largest theft in crypto industry history—the platform's reserve assets only declined modestly, and the impact on users appears limited.Data shows that during the attack, Binance saw outflows of 18,279 BTC, 185 million XRP, and $1.67 billion USDT at one point; ETH flowed out in two batches, totaling 246,840 coins (167,464 and 79,376 respectively). Based on same-day reserve changes, BTC reserves fell 3.1% to over 682,000 coins, ETH dropped 8.5% to 3.3 million coins, XRP declined 8% to 2.47 billion coins, and USDT decreased 6.3% to $34.1 billion.Additionally, Binance stated it has frozen approximately $3 billion in related assets, including $1.567 billion USDT and over $800 million USDC, and pledged to absorb losses through the SAFU fund and company reserves. Darkfost believes the magnitude of change in Binance's reserve assets indicates the platform still possesses a certain capacity to absorb shocks.
According to Lookonchain monitoring, today U.S. Bitcoin ETFs recorded a net inflow of 395 BTC, with a 7-day net inflow of 3,503 BTC; Ethereum ETFs recorded a net outflow of 27,947 ETH, with a 7-day net outflow of 109,709 ETH.
According to a post by the Newton Foundation (@NewtonFndn), the attacker involved in the recent Binance breach appears to have made an operational error, directly transferring approximately 8 million NEWT tokens, along with 17 other tokens (ANIME, ANKR, ARPA, BARD, CELR, DENT, DOLO, FTT, GLM, HIGH, HOT, KNC, LQTY, RARE, RESOLV, SIGN, WOO) to the NEWT token contract address (0xd0ec028a3d21533fdd200838f39c85b03679285d). Valued at current prices, the total amounts to approximately $3.5 million. The foundation stated that the NEWT token contract itself was not compromised. Featuring an immutable design with no owner or administrator, all management rights were relinquished on-chain in 2025, and upgrade functionality has been permanently disabled. As a result, no one, including the foundation, can retrieve these tokens.
据 CoinPost 报道，日本金融巨头 SBI 控股于 10 月 30 日表示，旗下子公司对币安的风险敞口目前有限，且币安已承诺全额补偿损失，预计此次约 1 万亿日元规模的被盗事件不会影响集团合并业绩。SBI 旗下的日本持牌交易所 SBI VC Trade 与 bitbank 的服务照常运行，客户资产未受影响。
According to Odaily, the Newton Foundation stated that the attacker in the Binance hacking incident appears to have made an operational error today by transferring approximately 8 million NEWT and 17 other tokens directly to the NEWT token contract address. The total value of the involved assets is approximately $3.5 million at current prices.The Newton Foundation stated that the NEWT token contract itself was not compromised. Because the contract uses an immutable design, all admin permissions were renounced in 2025, and upgrade functionality was permanently disabled, no one (including the Foundation) can retrieve the tokens mistakenly transferred to the contract. These assets are now permanently locked, and the attacker can no longer control or sell them. The Foundation has shared the investigation results with Binance and will continue to provide assistance.
trader Killa stated in a post that the FTX collapse once marked a market bottom, and the recent Binance hack incident may have a similar effect. He believes the best way to recoup losses is to drive prices up significantly rather than push them further down, noting that Binance holds billions of dollars worth of Bitcoin and has the financial capacity to launch billion-dollar-scale long positions, and that such operations may not be directly observable by retail investors.Killa also speculated that Binance may have generated approximately $1 billion in revenue through liquidations, slippage, and trading fees. Although the market may need some time to digest the short-term impact of this incident, he remains bullish on the medium- to long-term outlook for the crypto market.
Odaily reports: Some market observers suggest that following the approximately $6.3 billion hack on Binance, project teams, VCs, and associated wallets may temporarily hold off on selling their altcoin holdings. In the coming days, funds, insiders, and project-affiliated wallets may exercise greater caution before selling tokens into the market to avoid further exacerbating selling pressure.Blockchain analytics firms TRM Labs and Chainalysis have both attributed the attack to North Korea with high confidence. Binance has committed to covering user losses through its protection fund and company resources, and approximately $3 billion in stolen assets have been located, with about half frozen through stablecoin issuers such as Tether and Circle. Market analysts note that the incident has once again sparked discussions around the security of centralized trading platforms, the freezing capabilities of stablecoins, and the difficulty of tracking decentralized assets. (zerohedge)
According to BeInCrypto, Chainalysis data shows that over the year ending June 2026, the South African crypto economy expanded by 52% to $39.3 billion, with increases across all tracked activity categories. Commercial payments, including those from South African merchants and P2P traders, reached $8.34 billion, outpacing institutional activity ($1.29 billion in inflows); stablecoin inflows through Sub-Saharan African P2P channels totaled $14.6 billion, on par with Bitcoin. A draft regulatory framework for crypto asset management released by the South African Treasury and Reserve Bank (SARB) on August 3 would stipulate that individuals may only transfer crypto assets abroad through authorized local service providers within existing foreign exchange limits, while businesses are prohibited from cross-border transfers of crypto assets. As of March 31, the Financial Sector Conduct Authority (FSCA) had issued licenses to 310 crypto asset service providers, though these entities must still secure separate authorization from the SARB. On October 21, Finance Minister Enoch Godongwana stated that after receiving thousands of public submissions, the Treasury will aim to release a revised second draft, with no timeline currently announced.
According to Nicolas Quatravaux, Head of Paradigm EMEA, the first large trade occurred approximately 15 minutes after the initial fund outflow from the Binance wallet and prior to public disclosure. The buyer purchased 250 BTC put options with a strike price of $78,000 expiring on October 31, with a notional value of approximately $20 million.
Odaily reports: According to Bitfinex analysis, Strategy shareholders voted on October 28 to approve a proposal for daily dividend payments on STRC preferred stock, with preliminary results showing 99.3% of votes in favor. STRC is expected to shift from semi-monthly dividend payments to daily dividend payments starting November 1, with the first cash dividend payment arriving on November 2; Strategy's other three preferred stocks, STRF, STRK, and STRD, are expected to follow suit in January 2027.Strategy's move aims to reduce price volatility around ex-dividend dates. Company CEO Phong Le stated that previously, when STRC paid dividends monthly, prices fell by an average of about 49 basis points around the ex-dividend date, which dropped to about 36 basis points after switching to semi-monthly payments. The company expects that daily dividend payments will further disperse selling pressure and improve price stability.This model was not pioneered by Strategy. Bitcoin treasury company Strive converted its SATA preferred stock to daily dividend payments in June of this year and launched a subordinated preferred stock, SATS, with a fixed annual dividend rate of 15%. In October, Strive issued 7 million shares of SATS at $90 per share, raising approximately $630 million, and used about $511 million of that to purchase 6,182 BTC.
CZ responded to a community user's comment on Bitcoin's resilience, saying that given the sharp declines in traditional financial markets today, which fell more than the crypto market, Bitcoin's performance was quite surprising. Traditional financial market downturns usually drag down the crypto market, as investors tend to sell off assets and hoard cash, but this time Bitcoin demonstrated remarkable resilience.Previously, a community user noted that if the world's largest cryptocurrency exchange had suffered a hack exceeding $6 billion, Bitcoin's price would have been expected to take a heavy hit, yet its decline that day was only about 3%, suggesting the market bottom may be near.
According to on-chain analyst Ember (@EmberCN)'s monitoring on October 30, Maji's ETH long positions were entirely liquidated during the morning sell-off triggered by the Binance hack. In the afternoon, he deposited an additional 250,000 USDC to continue opening longs, and currently holds long positions worth approximately $5.88 million on Hyperliquid, covering ETH, HYPE, and BTC.
Binance has released an investigation update stating that preliminary findings suggest this security incident may have involved a compromised laptop, with follow-up investigations uncovering additional points of intrusion. Binance said this was a sophisticated attack, is currently coordinating with law enforcement, and continues to gather facts, with more information to be shared directly in due course. Binance will use the SAFU fund and company funds to cover all losses and stated that user funds are safe.Binance still expects to resume withdrawal services within 45 hours, and deposits are unaffected. After withdrawals were previously suspended, fund outflows have stopped. Binance is working with partners to freeze affected assets, and approximately $3 billion has been frozen so far, with further updates to be provided through official channels.
Binance stated that this was a complex attack and is currently collaborating with law enforcement authorities to handle the incident while still verifying the facts. Binance indicated that it will utilize the SAFU fund and the company's own funds to bear all losses, ensuring user funds are safe and deposits remain unaffected. Following the suspension of withdrawal services, capital outflows have stopped, and withdrawals are expected to resume in approximately 45 hours. Binance is working with partners to freeze affected assets, with around $3 billion already frozen.
Odaily Report: According to monitoring by on-chain analyst Yu Jin, a diamond-handed whale who held positions for nearly 4 months just closed BTC and ETH long positions worth $100 million, making a profit of $17.78 million, and then opened a short position on 20,000 ETH at a price of $2,228, worth $44.6 million. In early July, the whale went long on 1,000 BTC at a price of $62,353 and went long on 10,000 ETH at a price of $1,762.
Additionally, the Noble chain will not integrate with the new version of CCTP. Circle plans to suspend its USDC contract and remaining cross-chain routes on January 12, 2027. Holders on Noble must transfer out their USDC beforehand. Circle will take a snapshot of any remaining balances on the day of suspension and initiate manual redemptions starting January 13. Applicants must meet compliance and security requirements, with assets held in self-custody wallets.
Odaily reports: Cryptocurrency market liquidations exceeded $1.54 billion on Friday morning, with an attack on Binance triggering a market-wide sell-off. Long positions accounted for approximately $1.29 billion in liquidations, representing over 80% of the total. Binance stated that attackers stole approximately $6.3 billion, with the investigation pointing to a compromised laptop belonging to a DevOps engineer.Bitcoin briefly dropped to $76,320, with related liquidations approaching $500 million; Ethereum long liquidations exceeded $300 million. Bitcoin subsequently rebounded to $78,400 but remains down 2% over the past 24 hours and 5% below its price at the start of the month.Binance said partners have frozen approximately $3 billion of the stolen funds, and the company will draw on its Secure Asset Fund for Users (SAFU) and corporate reserves to cover remaining customer losses. Deposits and withdrawals remain suspended, and Binance has revoked authorizations for affected addresses while contacting law enforcement and blockchain intelligence partners to trace the funds. On-chain analyst ZachXBT linked the attack to the North Korea-affiliated threat group Tradertraitor. (Bitcoin.com News)