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According to Lookonchain monitoring, the Binance hacker sold over 130 altcoins on EVM chains alone, obtaining 123,400 ETH (worth $277.26 million) and $1.69 million USDC, totaling $279 million.
He Yi responded to Whale Alert's transfer monitoring, stating that the address receiving 2,000 BTC is a new Binance wallet, and the new withdrawal address has been included in the proof of reserves.
Binance has announced that it has updated its Proof of Reserves address list, adding newly generated wallet addresses; all future withdrawals will be processed through these new addresses.
Whale Alert monitoring shows that 2,000 BTC were transferred from Binance to an unknown wallet, worth approximately $156 million.
Binance stated that the initial networks for Phase 1 withdrawal restoration, including the Bitcoin network, are now open.
Whale Alert detected 1,000 BTC transferred from Binance to an unknown wallet, valued at approximately $77.91 million.
Odaily reports: According to an official announcement from Binance, Binance has resumed withdrawals in phases, with the first batch being the Bitcoin network.Previously, Binance published a security incident recovery progress announcement stating that it planned to restore the first phase of withdrawal services between 14:00 and 17:00 (UTC+8) on November 1.The first batch supports networks and assets including BTC, ETH, BNB, TRX, SOL, XRP, ZEC, DOGE, TON, POL, AVAX, ARB, BASE, OP, and SUI. Additionally, Binance stated that there may be brief delays initially due to traffic, and other networks and assets will be opened successively once ready; deposit services remain open.
According to Binance's official announcement, approximately 95% of the affected assets have now been replenished, up from 90% in the previous update. The remaining 5% pending replenishment consists of tokens other than the aforementioned top ten tokens, which have relatively low liquidity in the market and therefore require more time to purchase the required quantities.Binance also reminded users that during the initial phase of withdrawal service restoration, due to high traffic, some withdrawals may experience temporary delays or longer processing times. If network and token withdrawals fail, users should wait a moment and retry, as this is normal during the phased restoration period. Binance will continue to closely monitor the network and platform performance.
Binance has published a security incident recovery progress announcement, stating that it plans to resume phase one withdrawal services between 14:00 and 17:00 (UTC+8) on November 1.The first batch supports networks and assets including BTC, ETH, BNB, TRX, SOL, XRP, ZEC, DOGE, TON, POL, AVAX, ARB, BASE, OP, and SUI. In addition, Binance noted that there may be brief delays initially due to traffic, and other networks and assets will be opened successively once ready; deposit services remain open.
Binance plans to launch the first phase of withdrawal resumption from 14:00 to 17:00 Beijing Time today, with the coverage ratio for affected assets rising to approximately 95%.
Whale Alert detected that an address linked to Binance's stolen funds transferred out approximately 158 million TRX, worth around $49.08 million.
on-chain information shows the Binance SAFU fund address transferred out a total of 7,500 BTC across 3 transactions at approximately 10:30 and 10:48. The address currently holds a balance of 7,500 BTC, valued at approximately $580 million.Earlier reports indicated that Binance announced that as of October 31, approximately 90% of the affected assets had been backfilled, further improving from the previously disclosed 80%.
Binance stated that approximately 90% of the affected assets have been replenished and released a new proof of reserves snapshot, planning to resume withdrawals on November 1.
StandX stated that due to the suspension of Binance's withdrawal services, the DUSD airdrop claim originally scheduled to open at 08:00 Beijing Time on November 1 will be delayed, with the specific opening time depending on when Binance resumes its withdrawal services.
Cryptocurrency exchange Binance said it will publish the results of its proof of reserves on November 2. Binance stated on October 30 that it has recovered approximately 80% of the stolen assets and is still processing the remainder; the proof-of-reserves snapshot is planned to be taken after the buyback is completed. Some users on Platform X have questioned that taking a snapshot after the buyback cannot reflect the previous asset shortfall, and the related insider-job claims currently have no solid evidence to support them.Blockchain intelligence firm TRM Labs attributed the theft to the North Korean hacker group Tradertraitor and said it has high confidence in this judgment. TRM Labs stated that the attackers may have controlled Binance's hot wallet signing system, and the funds were transferred out via ten blockchains in about 20 minutes; Elliptic said that a North Korea-linked group may be involved, but no government or law enforcement agency has yet confirmed the attribution.Binance said it has discovered other points of intrusion and that there is no evidence that wallet private keys were leaked; co-CEO Richard Teng stated that only Binance's own hot wallet was compromised and that customer funds were unaffected. Binance said withdrawals are expected to resume in stages within about 34 hours, after which it will publish the reserves report and a full technical post-mortem. (Bitcoin.com News)
Axel Adler Jr.'s chart shows that the cost basis for Bitcoin short-term holders is approximately $75,900. He noted that the market's reaction to the Binance hack so far has been relatively restrained.
Odaily — According to on-chain analyst Ai Yi, an a16z-linked entity (0xb5E...F...) has been suspected of selling off $10.7 million worth of HYPE since yesterday. Following the disclosure of the Binance hack news, the entity transferred 118,000 HYPE in batches to Wintermute, Galaxy Digital, and Cumberland at an average price of $90.72, with the purpose unknown. The most recent transfer occurred 10 hours ago.
Odaily reports: According to on-chain analyst Yu Jin's monitoring, over the past 2 hours, Ethena (0xB805...E890936) deposited 128.6 million ENA, worth $24.33 million, into Binance. Binance is currently buying back the stolen assets through both on-exchange and off-exchange methods to complete its Proof of Reserves (PoR); this deposit may represent Binance purchasing ENA from Ethena via OTC trading to cover the stolen asset shortfall. The amount of ENA stolen from Binance yesterday was 217.5 million.
Binance has issued a second update on the security incident: it aims to restore withdrawals in phases within approximately 34 hours, has already covered around 80% of the stolen amount with equivalent tokens, will conduct the first proof of reserves snapshot within 12 hours with results to be released on November 2, and still no evidence of private key leakage has been found.
Odaily reports: Lin Han, founder and CEO of cryptocurrency trading platform Gate, has called on the crypto industry to immediately establish a security alliance to unify security standards, intrusion detection protocols, and emergency response mechanisms in order to address security incidents like the one suffered by Binance. The Binance incident involved approximately $6.3 billion in losses.Gate also proposed promoting a vault solution with split keys, distributing private keys among users, Gate, and recovery partners, so that funds can only be transferred after at least two parties are compromised; vault withdrawals would be subject to a 48-hour delay to allow users to freeze their funds.Gate stated that it has flagged the relevant hacker addresses and will freeze any illicit funds transferred to its platform. (Bitcoin.com News)