News linked to both this project and an event.
Odaily Report: Arkham previously posted that the Binance hacker deposited approximately $4 million into 3 Binance deposit addresses, and speculated that these addresses may belong to third-party trading platforms that use Binance's liquidity and custody services.In response, SomaXBT stated that Arkham misidentified the THORCHAIN Asgard Vault addresses as Binance hacker addresses. The Binance deposits were actually paid by THORCHAIN accounts, and it was not the Binance hacker depositing funds into Binance. In addition, SomaXBT also disclosed two related THORCHAIN account addresses.
Odaily reports: According to monitoring by on-chain analyst Ai Yi, the North Korean hackers suspected of attacking Binance made multiple operational errors while transferring stolen assets: first, they transferred various tokens worth approximately $3.5 million to the NEWT contract address; second, they failed to check the liquidity pool status, causing PROM tokens worth approximately $5 million to be sold for only $71; third, they used MetaMask to pay Gas fees on their behalf, which may leave off-chain operation logs such as IP addresses; fourth, they deposited approximately $250,000 to Gate, and Gate has frozen two related accounts and stated it will assist with the follow-up investigation.Related analysis suggests that the more types of stolen assets there are and the more complex the transaction links and parties involved, the easier it is for attackers to leave tracking clues, which may also help Binance subsequently trace the flow of funds.
Odaily Report: Crypto market traders expect the U.S. midterm elections to trigger short-term volatility but are unlikely to cause sustained turbulence. The implied volatility (IV) term structure for Bitcoin options shows that options expiring on November 4 have an IV of approximately 43.5%, notably higher than the roughly 36% level for contracts expiring afterward, indicating that the market is pricing in volatility from early voting results and media projections following election day. Ethereum options show a similar pattern, with the IV curve expected to decline to around 36% in late November.Meanwhile, Bitcoin and Ethereum futures open interest remained largely stable over the past 24 hours, at approximately $58 billion and $23.58 billion respectively, suggesting traders prefer hedging existing positions through options rather than adding new futures bets. Laevitas noted that demand for downside protection may dissipate quickly after the election event concludes, and the bump in the IV curve may disappear accordingly.In the market, Bitcoin and Ethereum are currently above $78,000 and $2,290 respectively, having rebounded from lows following last Friday's attack on Binance. Alex Thorn, Head of Research at Galaxy, noted that Bitcoin has closed above its 50-week moving average for the seventh consecutive week, demonstrating strong resilience. However, U.S. spot Bitcoin ETFs saw net outflows of approximately $643 million last Friday, the largest single-day net outflow since June, which remains worth monitoring. (CoinDesk)
Odaily Report: CryptoQuant analyst Axel Adler Jr. posted that October, known as "Uptober," has closed lower for the second consecutive year. Bitcoin fell 7.2% in October this year, compared with a 3.8% decline over the same period last year. Bitcoin had previously risen 25% and 6.4% in August and September, respectively, but the market failed to sustain the rebound, and seasonal upside expectations were once again disappointed.Adler noted that the theft of assets from Binance's hot wallet on October 29 cast a shadow over the month's market. The incident caused losses of approximately $6.3 billion, and Binance said it would absorb the losses through the SAFU fund and the company's own capital. He believes that assessing the impact of the incident requires attention not only to the amount stolen but also to its impact on market participants' confidence and liquidity.However, Adler believes that the current market reaction remains relatively restrained. Despite the large-scale theft, Bitcoin is still holding near its annual moving average. By comparison, after the FTX collapse in November 2022, Bitcoin fell 23% within a week.
Odaily Report: Bitcoin has fallen back to around $77,900. After Binance resumed withdrawals in phases on Sunday, it processed a total of $4.65 billion in withdrawals and $1.01 billion in deposits, with a net outflow of $3.64 billion. Binance stated that it has now covered approximately 95% of the $6.3 billion in stolen funds. The U.S. Federal Bureau of Investigation (FBI) has officially attributed the theft to North Korea's TraderTraitor group.In addition, U.S. spot Bitcoin ETFs saw a net outflow of $643 million on Friday, the largest single-day net outflow since June, erasing the previous four consecutive days of inflows.On the derivatives side, cryptocurrency futures trading volume rose 56% over 24 hours to $111.8 billion, but total open interest remained essentially flat at $137.1 billion, indicating increased market trading activity but limited new position building. During the same period, liquidation amounts increased 77% to $140.2 million. BTC futures open interest was essentially flat, and ETH futures open interest also changed little; the three BTC options with the highest trading volume on Deribit over the past 24 hours were all put options. (CoinDesk)
according to Arkham monitoring, the Binance hacker transferred $4 million to 3 Binance deposit addresses. Arkham noted that these addresses may belong to Nested Services, i.e., third-party trading platforms that use Binance for liquidity and custody services. This transfer does not necessarily mean the hacker directly deposited funds to the Binance exchange.
Binance announced that USD, UAE Dirham, Vietnamese Dong, Philippine Peso, and Indonesian Rupiah withdrawals are now available.
According to CoinPost, U.S. Nasdaq-listed company Next Technology Holding (NXTT) announced on Oct. 30 that its board of directors has unanimously approved the sale or pledge of approximately 5,833 BTC to mitigate position risk and enhance liquidity. The specific volume and timing of the sales remain undetermined, and the move does not constitute a full liquidation. The resolution authorizes the CEO to dispose of the assets in tranches through channels such as direct exchange sales, block over-the-counter trades, and BTC-backed lending.
According to DefiLlama data, Binance recorded a net outflow of approximately $6.33 billion over the past 24 hours, with tracked assets totaling around $129.2 billion.
Odaily reports: According to monitoring by on-chain analyst Yu Jin, the hacker who stole approximately $22 million in assets from the Pando Rings project 4 years ago spent 16.98 million DAI to buy 7,548 ETH at an average price of $2,249, following the market downturn triggered by the Binance hack 3 days ago. 2 hours ago, the hacker transferred 4,000 ETH (worth $9.22 million) through Tornado.
Gate posted on X that it has identified and frozen two related accounts. The relevant information has entered the due diligence process, and the platform will fully cooperate with law enforcement authorities and follow-up investigations.Earlier, according to Lookonchain monitoring, the Binance hacker deposited $250,000 to Gate over the past 12 hours.
According to on-chain analyst Auntie Ai (@ai_9684xtpa), an address linked to Kanye suspected of maintaining a leveraged long position on ETH appears to have increased its exposure. Following the disclosure of the Binance hack on October 30, the address sold 1,390 ETH in tranches to mitigate liquidation risk, at an average price of approximately $2,275.6 per ETH, totaling approximately $3.163 million, incurring a loss of approximately $317,000. After Binance resumed large-scale withdrawals today, the address withdrew another 2,074 ETH from the exchange, valued at approximately $4.7 million.
Lookonchain data shows that addresses associated with the Binance hackers have cumulatively transferred approximately $250,000 worth of USDD to Gate deposit addresses over the past 12 hours.
In response to user inquiries, CZ stated that a screenshot claiming Binance is offering $150 in compensation for suspended withdrawals is fake or a scam.
THORChain posted on X stating that on October 31, a single-block reorg occurred on Ethereum, causing THORChain to erroneously pay out 10 ETH that had never actually been received. The automatic solvency check mechanism was immediately triggered, pausing ETH swaps. Within approximately two minutes, node operators further paused ETH transaction signing to prevent continued outflow of funds. As a precautionary measure, nodes subsequently paused transactions on all related chains to allow the core development team to investigate. Currently, the user has voluntarily returned the 10 ETH, and the treasury has regained solvency.Earlier reports indicated that the Ethereum reorg caused THORChain to pause, inadvertently delaying the money laundering of stolen Binance funds.
On-chain analyst SomaXBT tracked that two days after the Binance hack, the attacker laundered approximately $242 million via the Tron network.
Chainalysis reported that after transferring approximately $500 million from a Tron intermediary wallet, those involved have become active on Solana.
Binance stated that from the resumption of withdrawals on November 1 until 23:30 Beijing Time, the platform processed $4.649 billion in withdrawals and $1.01 billion in deposits.
Whale Alert detected approximately 349 million USDT transferred from an unknown wallet to Binance, worth around $348 million.
Galaxy Research Head Alex Thorn posted that the USDT-adjusted discount of Bitcoin on Coinbase relative to Binance has widened to its largest level this year. However, Binance's earlier suspension of withdrawals restricted cross-platform arbitrage activity, making it difficult for this spread to accurately reflect genuine demand signals from the U.S. market. With Binance having resumed withdrawals, it is worth watching whether the spread between the two major exchanges will gradually narrow going forward.