News linked to both this project and an event.
According to the Q3 2026 Exchange Research Report released by TokenInsight, the total trading volume of stock perpetual contracts across nine major exchanges reached approximately $1.61 trillion, exceeding that of the commodity perpetual contract market by more than threefold. In terms of platform performance, Binance ranks first with a trading volume of approximately $943 billion, holding a 58.60% market share; OKX ranks second with $254 billion, accounting for 15.79%; and Bitget ranks third with approximately $122 billion, capturing a 7.60% market share. These three exchanges collectively represent over 80% of the stock perpetual contract market share, highlighting the concentration of trading volume toward top-tier platforms in this market.
Binance co-founder He Yi stated that the Binance community reward campaign requires regulatory approval and will only officially launch after regulators complete their review and grant approval once their offices open tomorrow. Binance has not yet rolled out any cash voucher activity and reminds users to be vigilant against various phishing and scam links. He Yi emphasized that security always comes first.
Binance responded to a community user on the X platform, stating that the information posted by the user regarding $150 compensation for suspended withdrawals is false, and the related screenshot has been digitally altered. The user had previously posted that Binance was offering $150 in compensation due to suspended withdrawals, along with a screenshot showing the related compensation content.
Odaily Report: Binance co-founder He Yi stated that Binance needs to work with U.S. companies to freeze and recover the relevant assets. U.S. law enforcement intervenes with very high efficiency, and for cases that have attracted global attention, any information released by law enforcement agencies has been strictly verified and is well-founded.
In response to a community user who shared information from Whale Alert about a large amount of Bitcoin being transferred from Binance to an unknown wallet and claimed that "some whales have already started withdrawing their funds," Binance Co-CEO He Yi posted a response stating: "The so-called unknown wallet is a new Binance address, which has already been listed in the POR."
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.
CZ addressed user questions regarding his role at Binance, stating that he no longer runs Binance but remains a shareholder and supporter, free to post.
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 has once again updated the progress of the hacking incident, stating that it has now covered $6 billion of the losses caused by the hack. Previously, Binance said it had completed the backfilling of approximately 90% of affected assets, a further increase from the previously disclosed 80%; BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC have all achieved 100% full reserve backing.
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.
The Financial Times reported that after Binance suffered a $6.3 billion theft, several crypto trading platforms have strengthened their fund security measures. Coinbase has adjusted its cold storage systems, Gemini has added alerts and restrictions for fund transfers, and Kraken stated that the platform is operating normally.
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)
Odaily Report: CZ posted on X in response to discussions about SPCX stock, stating that he never said he wanted to sell SPCX shares. He previously mentioned holding the stock because a related post comparing Binance with FTX might have led outsiders to mistakenly believe that Binance lacks funds; what he actually meant to express was that Binance holds other assets in addition to crypto assets.CZ also stated that the scale of the relevant assets held by Binance is merely a drop in the ocean for the other party and could not possibly pose a threat, and said that SPCX will remain a high-quality stock worth holding long-term for a very long time to come. He also called on outsiders not to frame the matter as confrontation and said there is no need to deliberately create division.Earlier reports said that CZ, in a post replying to Musk's comment on Binance being hacked, stated: "I respect you very much, but now is not the time for jokes. Our SPCX stock (from our $500 million investment in your acquisition of Twitter) is now worth more than a billion dollars. I would be very grateful if you could show a little support."
Flap posted on X that its official website is currently experiencing a DNS hijacking and has been redirected to an unauthorized website. The team reminds users not to visit the official website, connect wallets, or sign any transactions for the time being, and states that they are working on the issue and will publish an update once the website is confirmed to be safe.
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: Binance co-CEO He Yi said in a video posted on X that the affected assets in the hacking incident totaled $6.3 billion, of which $3 billion was frozen with the help of industry participants. Withdrawals are expected to reopen in the next 42 hours; withdrawals were previously suspended to ensure the entire environment was uncontaminated. In addition to rebuilding a secure environment, the pursuit of the hackers will not be abandoned, and the investigation will be carried through to the end.
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.