News linked to this event type.
Regarding the losses and compensation following the hack on Binance, CZ stated that the actual losses may exceed external estimates, but Binance will absorb the cost. He provided a rough estimate: stolen funds amount to over $6 billion, about $3 billion have been frozen, the SAFU fund totals over $1 billion, leaving a funding shortfall of roughly $2 billion. He noted that SPCX positions alone are worth over $1 billion. Although the remaining gap is "painful," it remains within a controllable range.
Odaily Report: YouTuber and boxer Logan Paul, in a recent podcast, responded to longtime collaborator Mike Majlak's mention of cryptocurrency exchange Binance being hacked with approximately $6 billion in assets stolen, stating that he does not trust cryptocurrency and calling it a scam. Binance estimates the total impact of this incident at approximately $6.3 billion.Commenters subsequently brought up Cryptozoo, an NFT game promoted by Logan Paul, with buyers claiming the project was not launched as promised. In February 2026, he again filed a motion to dismiss a lawsuit in a Texas federal court accusing him of carrying out a rug pull through the project, stating that the latest complaint fails to establish that he should be held responsible for the project entity's actions.Binance stated it has frozen approximately $3 billion in stolen assets, and co-CEO Yi He said the exchange will bear all hacker losses. (Bitcoin.com News)
Pundi X Labs announced that following the attack on Binance, Binance contacted them to assist in freezing the stolen PUNDIX tokens. Currently, Pundi X has frozen all 3,747,276 PUNDIX tokens identified in the hacker's wallet, valued at approximately $365,500.
According to analysis by US cybersecurity firm TRM Labs, approximately $6.36 billion in funds from 10 Binance blockchain wallets was stolen in roughly 20 minutes. The agency attributes the attack to North Korean group TraderTraitor. It has not yet been confirmed whether AI was used in this attack.
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 reports: Cursor, the AI coding tool under SpaceX, posted on X: "We have discovered a security incident affecting a tampered Claude Code VS Code extension accessed through our Cursor IDE extension marketplace, affecting up to 5,000 users. This malicious extension version was not developed by Anthropic, and it does not affect other extensions downloaded from the official website, Grok Bot, Grok, or our other SpaceXSI products.In response, we shut down the extension marketplace this afternoon, worked with the relevant service providers to remove the malware, and reopened the marketplace after confirming there was no further risk. If you are affected, please refer to the instructions in the official blog post to learn how to identify the malicious package and take measures to mitigate any potential impact. We have asked all customers to update Claude Code for VS Code to version 2.1.314."
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.
The Onchain Foundation stated that due to the Binance security incident, it has temporarily suspended the LSK buyback program and expects to resume it next week once the situation becomes clearer. The foundation noted that Binance has confirmed it will cover all losses, so it is expected that this incident will not impact the LSK buyback program. After the buyback resumes, the Onchain Foundation will issue a separate announcement.
Odaily reports: According to Lookonchain monitoring, legendary trader dimethyltryptamine.eth (0x4a2C...0614) once spent only 0.125 ETH ($251) to buy 5.9 trillion PEPE, which was worth $100 million at its peak. After the Binance hacker completed the PEPE sell-off, dimethyltryptamine.eth bought another 45.08 billion PEPE, worth $206,500.
Zest Protocol stated that, out of an abundance of caution, it has suspended new borrowing services following the Binance security incident. Currently, all lending positions on the platform remain over-collateralized, market operations are running well, and Zest Protocol products have no risk exposure to Binance. This suspension is intended to protect users, and the platform anticipates gradually resuming borrowing services in sync with the broader industry.
Reserve has officially stated that the 3.38 billion RSR tokens involved in the Binance hot wallet hack have been sold by the attacker. The Reserve protocol contracts remain unaffected, and RSR holders need to take no further action. On-chain data indicates that the attacker exchanged the entirety of the RSR for 1,856 ETH via Uniswap V3 between 20:53 and 21:08 EST on October 29, with a total value of approximately $4.1 million.
CZ posted on X that Binance has sufficient funds to cover the losses caused by this security incident. In response, a community user commented that before FTX collapsed, SBF had also assured that the platform had enough funds. Musk then replied to that user's comment with a "😬" emoji expressing awkwardness and unease. Compared with "😂", this emoji usually carries more negative emotion and a subtle sense of doubt. This interaction has drawn community attention, but the specific intent of his comment remains unclear.
OneKey founder Yishi issued a warning that as Bitcoin ETF holdings increase, the security risks faced by custodians are also rising, and noted that BlackRock's spot Bitcoin ETF (IBIT) could become a potential target for North Korean hacking groups. The post states that TRM Labs is highly confident the recent Binance security breach is linked to the North Korean hacking group TraderTraitor, which has previously been implicated in the Bybit hack and the DMM Bitcoin theft.
Odaily Report: Joe Vezz, CEO of social monitoring platform LunarCrush, posted on X platform stating, "According to monitoring, after the Binance hacking incident, Kraken's related market sentiment index rose by 10 points; subsequently, Hyperliquid's related index rose by 4 points; OKX's related index rose by 3 points.
According to Yonhap News Agency, Microsoft Threat Intelligence issued a report yesterday stating that North Korean hacker groups are expanding the use of artificial intelligence (AI) in cyber attacks, involving phishing, identity spoofing, malware development, and software supply chain attacks. Microsoft analyzed eight North Korean hacker groups, three of which have integrated AI into daily attack activities, reaching the highest stage of AI application.
Odaily News: According to Bitcoin News monitoring, a hacker has split Bitcoin across 19 wallets, with 17 addresses each receiving 1,000 BTC, another address receiving 832.5 BTC, and the last address receiving 437.7 BTC. At the time of the latest check, all 19 wallets still held their full balances, and every subsequent transaction can be traced on-chain.
According to Arkham's monitoring, Binance hackers just transferred $38.82 million worth of ETH to a new wallet, possibly preparing to deposit it into Tornado Cash. The wallet still holds $1.12 billion in ETH.
1inch stated that it has been tracking the Binance security incident and proactively reached out to Binance to provide support. Its risk management team, in collaboration with ZeroShadow, SEAL 911, TRM Labs, and other entities, has already blocked addresses associated with the attack from the 1inch dApp, 1inch Wallet, and 1inch API within the first hour after the incident, and will continue to update the list as new addresses are identified.