News linked to this event type.
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.
Under current law, operators conducting virtual asset business without proper registration may face up to five years in prison or a fine of up to 50 million South Korean won. Overseas operators targeting Korean residents are equally subject to this regulation. According to the FIU, these unregistered operators operate in a regulatory blind spot and may be exploited for money laundering. In June this year, a joint enforcement investigation by DAXA and compliant operators revealed that the average trading fees of the detained entities ranged from 1.5% to 10%, with the highest rate reaching approximately 62 times the average of Korea’s top five won-based exchanges (0.16%).
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)
According to Bloomberg reports, Bobby Lee, founder of the digital asset hardware wallet company Ballet, stated in an interview with Bloomberg Television that the Bitcoin stolen in the Binance security incident is likely irrecoverable, as the related assets have already fallen into the hands of the hackers. He noted that stablecoins are currently the asset type with the most realistic chance of recovery, but freezing assets does not mean the recovery process is complete. Binance will still need to cooperate with law enforcement agencies on the investigation and formally apply to claim the frozen assets.
According to Caixin, IMF Managing Director Kristalina Georgieva announced that First Deputy Managing Director Li Bo will step down at the end of his term on November 30, 2026, and proposed that Liao Liu, Deputy Minister of China’s Ministry of Finance, succeed him, with the appointment taking effect on December 1, 2026. Over the past five years, Li Bo has spearheaded the launch of the IMF’s first corporate risk management policy and roadmap, and driven the modernization of its data governance framework.
community users noticed Kraken experienced a period earlier where trading or withdrawals were unavailable.Kraken officially posted at 10:42 announcing: "We are investigating an issue affecting spot and derivatives clients connecting to the platform and submitting orders through all web, mobile applications, and REST and WebSocket connections. We are working to resolve the issue and will provide updates as more information becomes available."At 11:42, Kraken posted another update on progress, stating the issue had been resolved.OneKey founder Yishi commented on the matter: "Looks like Kraken had an issue just now too. Trading and withdrawals were unavailable, and the entire exchange went into 'post-only' mode. It's recovered now, but it really gave me a scare. Right now, attacking is far easier than defending. We must devote all our efforts to security. Full 'fortress mode' engaged."
Binance stated that preliminary investigations show the security incident may have been caused by a compromised computer belonging to a DevOps engineer, through which attackers submitted unauthorized withdrawals via service containers; the incident affected approximately $6.3 billion, with about $3 billion already frozen on-chain, and losses are covered by the SAFU fund and company funds.
Odaily Report: Binance has issued a security incident progress announcement stating that the preliminary investigation indicates the incident may have originated from the compromise of a DevOps engineer's laptop, through which attackers gained access to service containers and submitted unauthorized withdrawal transactions. No evidence of wallet private key leakage has been found so far, and a complete technical investigation report will be published after the investigation concludes.Binance stated that the incident is expected to cause losses of approximately $6.3 billion. The platform has already collaborated with blockchain partners to freeze approximately $3 billion in affected assets on-chain. The platform will cover all losses through the SAFU fund and the company's own capital, and will update its Proof of Reserves (PoR) after security remediation is completed.As an emergency response measure, Binance has temporarily suspended deposits and withdrawals, revoked authorizations for affected addresses, and is working with law enforcement agencies and blockchain intelligence partners to track and recover the stolen funds. Binance emphasized that user funds are safe, and the related investigation and recovery efforts are still ongoing.
Odaily reports: Binance has stated that it will bear all losses caused by this incident. As a precautionary measure, the platform has temporarily suspended all deposit and withdrawal services so that the team can conduct security checks, freeze related funds, and cooperate with law enforcement investigations.Binance says its team is working around the clock to handle this incident and will publish a full post-mortem report once the investigation is complete. It also reminds users to obtain the latest updates on the incident only through Binance's official channels.
Circle CEO Jeremy Allaire stated that Circle is closely monitoring reports of a potential attack on Binance, and has coordinated with law enforcement to freeze over 800 million USDC related to the incident. Circle will continue to support the investigation.
Jack McDonald, Ripple's stablecoin lead, posted that Ripple is closely monitoring reports that Binance may have suffered an attack and that the attacker holds RLUSD, and has proactively frozen the affected funds. Ripple stated that it is currently coordinating with relevant parties and is ready to cooperate with the investigation and take appropriate action at any time to protect the safety of user assets.
Odaily report: Binance co-founder He Yi stated in a post that user funds are safe, and Binance will bear all losses caused by this hacker attack. Currently, the platform has temporarily suspended deposits and withdrawals to allow the security team to conduct security checks, freeze related funds, and cooperate with law enforcement authorities.He Yi stated that after the investigation is completed, Binance will publish a full incident review report and reminded users to obtain the latest updates only through Binance's official channels.
according to Bitcoin News monitoring, attackers allegedly used EIP-7702 delegation to point the Binance Wallet to malicious code, thereby transferring funds. How the attacker obtained authorization is still under investigation, with two possibilities currently: the private key was stolen, or the attacker obtained a malicious authorization signature through a compromised signing process. Neither scenario has been confirmed. If the private key was not stolen, this attack may expose a significant vulnerability in the exchange's transaction authorization mechanism, rather than a private key security issue.
Odaily reports: According to Bitcoin News monitoring, on-chain analysis shows that attackers appear to have exploited the Ethereum EIP-7702 mechanism to obtain signature authorization, installing malicious code without directly accessing the private keys of Binance-associated wallets. The attackers then called a function named "sweep" to transfer ETH and dozens of tokens into wallets under their control; the same delegation permission was reportedly also used to transfer $780 million USDC out of another Binance hot wallet. The attackers' transaction relayer received funding through Tornado Cash, and nearly 195,460 ETH was subsequently transferred to a newly created wallet. How the attackers obtained the relevant authorization remains unclear. Binance stated that user funds are safe and that an investigation is currently underway.
According to on-chain statistics cited by Decrypt, at least $5.57 billion in assets have been transferred from wallets associated with Binance, involving Ethereum, Bitcoin, and TRON; if confirmed as a hack, it would become the largest cryptocurrency heist in history. Binance stated that it is still investigating.
A Binance spokesperson told Cointelegraph that it is investigating a potential security issue with an Ethereum wallet. The security team is reviewing related activities, and no impact on user funds has been confirmed at this time.
Odaily Report: He Yi responded on X to a suspected Binance hacking incident, with the following statement:We have noticed reports regarding a potential security issue and are actively investigating.Our security team is urgently reviewing all relevant information. Once verified, we will immediately release the latest updates through Binance's official channels. Users should be wary of scams and must not trust unofficial links, messages, or requests for account information.
Odaily reports: Cryptocurrency exchange KuCoin has announced the immediate suspension of all products and services for users in Russia and Belarus, citing legal and regulatory compliance considerations. KuCoin will provide an orderly exit process allowing users to withdraw their assets.On Thursday, the Bank of Russia approved the National Association of Securities Market Participants (NAUFOR) as a self-regulatory organization for cryptocurrency exchanges and custodians. The central bank's register currently lists 23 cryptocurrency exchanges and 8 digital asset custodians, and registered entities must join a self-regulatory organization within 90 days. (Cointelegraph)
According to CoinDesk, prediction market platform Polymarket launched five-minute cryptocurrency price prediction contracts on Oct. 28 on a platform regulated by the U.S. Commodity Futures Trading Commission (CFTC), covering Bitcoin, Ethereum, Solana, and XRP. Users can wager on whether the cryptocurrency’s price at the end of the five-minute cycle will be higher or lower than the starting price; correct predictions pay out $1 per contract, while incorrect ones receive no payout.
Odaily reports: The French Senate has passed a bill on first reading authorizing tax authorities to automatically exchange crypto asset transaction data with foreign counterpart agencies. The bill has subsequently been submitted to the National Assembly for review as Bill No. 3421 and still needs to complete the legislative process.The bill covers agreements on the exchange of crypto asset tax information and updates existing agreements on the exchange of financial account information. The crypto asset portion is based on the Crypto-Asset Reporting Framework (CARF) developed by the Organisation for Economic Co-operation and Development, which sets common standards for collecting and automatically exchanging crypto transaction information for participating jurisdictions.France has already implemented the EU's Eighth Amendment to the Administrative Cooperation Directive (DAC8) through its 2025 finance bill, requiring crypto service providers to report client identity and transaction data to tax authorities, which then share the information with the EU country where the user resides. French lawmakers are also discussing crypto tax adjustments in the 2027 budget. An amendment passed by the National Assembly on October 16 proposes taxing gains from conversions into specific fiat-pegged stablecoins starting January 1, 2027, but the measure has not yet become law. (Cointelegraph)