News linked to both this project and an event.
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)
Odaily report: Crypto analyst Darkfost posted that market sentiment deteriorated noticeably within a single day, with the Fear and Greed Index falling from 51 (neutral) to 30 (fear), the lowest level since mid-August. Over the same period, Bitcoin dropped about 4% to 5% within 24 hours, briefly touching a six-week low near $76,500; Ethereum fell below $2,200, and total liquidations across the market exceeded $1.6 billion in the past 24 hours.Darkfost noted that historically, periods of market pessimism often correspond to accumulation opportunities, but the current index reading of 30 only represents fear and has not yet entered the extreme fear zone below 25, suggesting market sentiment may remain under pressure. In addition, this round of decline was partly triggered by Binance's $6.3 billion hack incident and did not stem entirely from a clear deterioration in market fundamentals.
Blockchain analytics firm TRM Labs attributed the Binance hack to the North Korean hacker group TraderTraitor with high confidence, stating that approximately $6.36 billion in assets were withdrawn from Binance wallets across 10 blockchains.
Bonk Guy posted that although Bitcoin has further dropped from around $79,000 to near $77,000, most altcoins have shown relatively strong resilience against Bitcoin. While some tokens also declined, the drops were relatively limited. Binance appears to have bought back most of the tokens sold off during the hack incident, and approximately $3 billion in assets have been frozen and are expected to be returned. Of the $6.3 billion in losses involved in this incident, about half has been frozen, and the remaining portion may also be recovered within a reasonably short timeframe.Bonk Guy expects that Bitcoin may decline further and form a阶段性 low, but most of the selling pressure on altcoins may have already been released. Market conditions could improve over the coming weeks to months, and he believes it is currently more suitable to go long on altcoins, buying in batches during pullbacks.
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)
Odaily reports: Crypto analyst Darkfost posted that HYPE's spot trading volume on Binance yesterday hit an all-time high of $16.2 billion, far exceeding the platform's monthly average daily trading volume of approximately $3.6 billion. Driven by this, HYPE's price rose from $81 to $97, a single-day gain of about 24%. The surge in trading volume is related to the announcement of a partnership between TradeXYZ and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE). The two parties plan to launch a 24/7 perpetual futures market in the United States built on Hyperliquid's technical infrastructure, covering equities, commodities, foreign exchange, and cryptocurrencies, subject to regulatory approval.Under the arrangement, ICE will operate the regulated market, while TradeXYZ will handle market design and implementation. The news was subsequently shared by Stanley Druckenmiller in his first-ever post on X. Darkfost noted that the news was quickly priced in by the market, but it was not entirely without warning—Trump had previously stated that Mike Selig, chairman of the U.S. Commodity Futures Trading Commission (CFTC), is working to bring Hyperliquid into the U.S. market in a compliant and legal manner.
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 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.
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.
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.
Odaily reports: Some market observers suggest that following the approximately $6.3 billion hack on Binance, project teams, VCs, and associated wallets may temporarily hold off on selling their altcoin holdings. In the coming days, funds, insiders, and project-affiliated wallets may exercise greater caution before selling tokens into the market to avoid further exacerbating selling pressure.Blockchain analytics firms TRM Labs and Chainalysis have both attributed the attack to North Korea with high confidence. Binance has committed to covering user losses through its protection fund and company resources, and approximately $3 billion in stolen assets have been located, with about half frozen through stablecoin issuers such as Tether and Circle. Market analysts note that the incident has once again sparked discussions around the security of centralized trading platforms, the freezing capabilities of stablecoins, and the difficulty of tracking decentralized assets. (zerohedge)
According to Nicolas Quatravaux, Head of Paradigm EMEA, the first large trade occurred approximately 15 minutes after the initial fund outflow from the Binance wallet and prior to public disclosure. The buyer purchased 250 BTC put options with a strike price of $78,000 expiring on October 31, with a notional value of approximately $20 million.
According to on-chain analyst Ember (@EmberCN)'s monitoring on October 30, Maji's ETH long positions were entirely liquidated during the morning sell-off triggered by the Binance hack. In the afternoon, he deposited an additional 250,000 USDC to continue opening longs, and currently holds long positions worth approximately $5.88 million on Hyperliquid, covering ETH, HYPE, and BTC.
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: 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)
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.
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.