News linked to this event type.
Ansem cited the liquidation event on October 10, 2025, as an example, noting that at the time altcoins plummeted within a single candlestick, while BTC held above $100,000 for several weeks, only making a noticeably lower low until November. He believes the smaller immediate drop in BTC is due to fewer high-leverage participants and more passive selling pressure, which does not signal that the downward trend will not continue.
21Shares has released an analysis report on the Binance hack, stating that on October 29, Binance suffered an attack of approximately $6.3 billion, of which about $3 billion in stolen assets have now been frozen, and Binance has committed to bearing all losses. Within 24 hours after the incident, Bitcoin fell slightly more than 2%, significantly lower than the roughly 26% decline Bitcoin experienced after the FTX incident in November 2022. 221Shares emphasized that this incident was a security breach affecting Binance as a single company, and that the Bitcoin network itself was not attacked. Binance stated that it will cover all losses through the SAFU fund and corporate funds. Calculated at a Bitcoin price of approximately $78,509, the 15,000 BTC held by the SAFU fund is worth about $1.18 billion, which can cover about 36% of the losses on unfrozen assets, with the remaining portion to be borne by corporate funds. The report also mentioned that Chainalysis has high confidence that the attack is linked to North Korea, but Binance and government agencies have not yet officially confirmed the attribution.In addition, 21Shares stated that the assets of its physically backed ETPs and ETFs are held in cold storage by third-party custodians such as BitGo, Coinbase Custody, Anchorage Digital, and Zodia Custody, and are not kept in exchange accounts. Therefore, they were not affected by this incident, and all of the company's products are trading normally.
Regarding the attack details, Teng stated that the incident was not carried out by a single individual and involved sophisticated techniques. Initial investigations pointed to a compromised laptop, with subsequent inquiries revealing additional points of entry. The attackers deployed a self-destruct mechanism to eliminate tools and traces during the attack, complicating tracking efforts. They also exploited the known EIP-7702 protocol to secure on-chain execution authorization for a hot wallet, bypassing Binance's standard approval controls. Consequently, Binance suspended withdrawal services to investigate, rebuild, and thoroughly retest its entire infrastructure.
据记者 Eleanor Terrett（@EleanorTerrett）10 月 30 日在 X 平台转述，针对外界对币安遭黑客攻击、损失约 60 亿美元的质疑，币安发言人称客户资金未受影响，被盗资金来自交易所自有热钱包。币安表示，大部分客户资金存放于冷钱包，仅在用户提现时才转入热钱包。发言人还称，公司日常运营收益大多以加密资产形式持有并用于再投资，因此能够立即用自有资金承担此次损失。
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)
According to a PR Newswire report, AI security startup AvalonX ended its 18-month stealth operation on October 30 and announced a $10 million funding round from Ridown Capital. The company also launched a continuous AI penetration testing platform, featuring a security AI trained on nine years of real-world offensive security data and integrated with manual expert analysis. AvalonX stated that the platform delivers continuous penetration testing to small and medium-sized enterprises via a monthly subscription model.
According to market sources, the U.S. Federal Bureau of Investigation (FBI) has stated that it is aware of the hack attack on Binance and is currently in communication with relevant partners to understand the scope of the attack and assess its potential impact.
Aave officially stated that the precautionary freeze measures taken following the Binance security incident have now been lifted, and all markets on Aave V3 and V4 have returned to normal. Previously, after receiving initial information about the incident, Aave paused new deposits and borrowings, but users could still withdraw assets and repay loans normally. Aave emphasized that its smart contracts were not affected by the incident, and user positions remained fully collateralized at all times. As an ongoing precautionary measure, the LTV of USDT, USDC, USDT0, POL, WAVAX, sAVAX, XAUT, PAXG, and OP will temporarily remain at 0, and these assets cannot be used as collateral for new borrowings.
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 an official post by PancakeSwap, the platform voiced support for the Binance team and all parties involved in addressing the security incident, emphasizing that it remains unaffected, its contracts and services are operating normally, and the team is closely monitoring the situation. As a major decentralized exchange in the BNB Chain ecosystem, PancakeSwap's statement aims to stabilize user expectations.
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。
Odaily reports: Trust Wallet stated that although the recent attacks on Polymarket and Binance did not affect Trust Wallet itself, the team conducted a comprehensive review of security defense measures this morning, including improving standard operating procedures (SOPs) and formulating a code hardening plan to address the attack risks brought by the development of AI technology. Trust Wallet said it will take every security incident in the industry seriously and learn from them. Specific measures will not be disclosed for now, but related reports may be published in the future, and the team plans to collaborate with top crypto security firms and other wallets. The team emphasized that most security hardening efforts will not be directly visible in the user experience, but are crucial for self-custodial wallets, and that security should be the top priority for all market participants at present.
U.S. prosecutors allege that on August 1, 2022, Brock exploited a vulnerability in the Nomad verification mechanism to withdraw approximately $2.8 million worth of tokens without locking corresponding assets. He subsequently exchanged them for other cryptocurrencies and transferred them across multiple wallets to obscure the source of funds. The U.S. District Court for the Northern District of California indicted him on eight counts in August 2023, involving computer fraud, conversion of stolen property, and money laundering, and filed an extradition request in December 2024. Brock was arrested in May 2025 at Ben Gurion Airport while preparing to travel to Russia. Shortly before his arrest, he had changed his surname to Block and obtained a new passport.
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.
Ki Young Ju, founder of CryptoQuant, posted on X that not many exchanges are able to fully compensate users after a hack. Binance has previously fully compensated users and will continue to do so; he stated that this is one of the reasons for Binance's continued growth.
Odaily reports: Hardware wallet brand Keystone has issued an update on the handling progress of a previous security incident, stating that it has shortened the logistics data retention period from 180 days to 90 days, effective immediately. Users who wish to have their data deleted earlier may contact official customer service after their order is delivered to request immediate deletion.Keystone stated that it has sent email notifications to all affected users, suspended all shipments, and isolated affected devices at all partner warehouses, including Amazon warehouses. The team is currently responding to user inquiries through the X platform and customer service tickets, and continues to improve the security of the inquiry page for affected users.In addition, Keystone reminds users to be vigilant against phishing attacks, emphasizing that emails related to the incident are sent only through the official email address, and that the official team will never request mnemonic phrases via email, direct message, or phone call. It also advises users to remain cautious about messages requesting urgent action. The team stated that further measures will be announced in the coming days and apologized to affected users for this incident.
Odaily reports: Israel's State Attorney's Office announced on Thursday that Israel has extradited Alexander Block, a dual Israeli-Russian national, to the United States. Block, whose original name is Alexander Gurevich, faces charges for allegedly stealing approximately $2.8 million from the crypto cross-chain bridge Nomad in 2022.U.S. prosecutors allege that Block, operating under the username "Bitlik," carried out six test transfers and four main transfers, moving tokens through multiple wallets and converting them into other cryptocurrencies to conceal their origin. His actions exposed a vulnerability in Nomad's smart contract, after which other users drained over $186 million from wallets controlled by the project.Israel's Supreme Court rejected Block's extradition appeal, ruling that even if the software permits the actions in question, exploiting a programming vulnerability can still constitute unauthorized computer intrusion; the court also noted that publicly visible on-chain transactions do not necessarily reveal the identity of wallet controllers, nor do they rule out attempts to conceal the source of funds. Supreme Court President Isaac Amit subsequently denied his request for a retrial. (Decrypt)
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.
Bitcoin News posted on X that hackers stole the authentication keys used to verify the authenticity of Keystone hardware wallets, prompting the company to destroy 18,835 devices. The security breach also exposed 25,964 customer records.