News linked to both this project and an event.
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)
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.
Binance stated that preliminary investigations show the security incident may have been caused by a compromised computer belonging to a DevOps engineer, through which attackers submitted unauthorized withdrawals via service containers; the incident affected approximately $6.3 billion, with about $3 billion already frozen on-chain, and losses are covered by the SAFU fund and company funds.
Odaily Report: Binance has issued a security incident progress announcement stating that the preliminary investigation indicates the incident may have originated from the compromise of a DevOps engineer's laptop, through which attackers gained access to service containers and submitted unauthorized withdrawal transactions. No evidence of wallet private key leakage has been found so far, and a complete technical investigation report will be published after the investigation concludes.Binance stated that the incident is expected to cause losses of approximately $6.3 billion. The platform has already collaborated with blockchain partners to freeze approximately $3 billion in affected assets on-chain. The platform will cover all losses through the SAFU fund and the company's own capital, and will update its Proof of Reserves (PoR) after security remediation is completed.As an emergency response measure, Binance has temporarily suspended deposits and withdrawals, revoked authorizations for affected addresses, and is working with law enforcement agencies and blockchain intelligence partners to track and recover the stolen funds. Binance emphasized that user funds are safe, and the related investigation and recovery efforts are still ongoing.
Odaily reports: Binance has stated that it will bear all losses caused by this incident. As a precautionary measure, the platform has temporarily suspended all deposit and withdrawal services so that the team can conduct security checks, freeze related funds, and cooperate with law enforcement investigations.Binance says its team is working around the clock to handle this incident and will publish a full post-mortem report once the investigation is complete. It also reminds users to obtain the latest updates on the incident only through Binance's official channels.
Circle CEO Jeremy Allaire stated that Circle is closely monitoring reports of a potential attack on Binance, and has coordinated with law enforcement to freeze over 800 million USDC related to the incident. Circle will continue to support the investigation.
Jack McDonald, Ripple's stablecoin lead, posted that Ripple is closely monitoring reports that Binance may have suffered an attack and that the attacker holds RLUSD, and has proactively frozen the affected funds. Ripple stated that it is currently coordinating with relevant parties and is ready to cooperate with the investigation and take appropriate action at any time to protect the safety of user assets.
Odaily report: Binance co-founder He Yi stated in a post that user funds are safe, and Binance will bear all losses caused by this hacker attack. Currently, the platform has temporarily suspended deposits and withdrawals to allow the security team to conduct security checks, freeze related funds, and cooperate with law enforcement authorities.He Yi stated that after the investigation is completed, Binance will publish a full incident review report and reminded users to obtain the latest updates only through Binance's official channels.
according to Bitcoin News monitoring, attackers allegedly used EIP-7702 delegation to point the Binance Wallet to malicious code, thereby transferring funds. How the attacker obtained authorization is still under investigation, with two possibilities currently: the private key was stolen, or the attacker obtained a malicious authorization signature through a compromised signing process. Neither scenario has been confirmed. If the private key was not stolen, this attack may expose a significant vulnerability in the exchange's transaction authorization mechanism, rather than a private key security issue.
Odaily reports: According to Bitcoin News monitoring, on-chain analysis shows that attackers appear to have exploited the Ethereum EIP-7702 mechanism to obtain signature authorization, installing malicious code without directly accessing the private keys of Binance-associated wallets. The attackers then called a function named "sweep" to transfer ETH and dozens of tokens into wallets under their control; the same delegation permission was reportedly also used to transfer $780 million USDC out of another Binance hot wallet. The attackers' transaction relayer received funding through Tornado Cash, and nearly 195,460 ETH was subsequently transferred to a newly created wallet. How the attackers obtained the relevant authorization remains unclear. Binance stated that user funds are safe and that an investigation is currently underway.
According to on-chain statistics cited by Decrypt, at least $5.57 billion in assets have been transferred from wallets associated with Binance, involving Ethereum, Bitcoin, and TRON; if confirmed as a hack, it would become the largest cryptocurrency heist in history. Binance stated that it is still investigating.
A Binance spokesperson told Cointelegraph that it is investigating a potential security issue with an Ethereum wallet. The security team is reviewing related activities, and no impact on user funds has been confirmed at this time.
Odaily Report: He Yi responded on X to a suspected Binance hacking incident, with the following statement:We have noticed reports regarding a potential security issue and are actively investigating.Our security team is urgently reviewing all relevant information. Once verified, we will immediately release the latest updates through Binance's official channels. Users should be wary of scams and must not trust unofficial links, messages, or requests for account information.
BNB Chain announced on X platform that the Jenner hard fork upgrade has launched on the BSC testnet. The upgrade includes Payment Lane, which reserves 5% of block Gas by default for eligible payments; millisecond-level block timestamps for smart contracts; and a new compliant asset standard, CAS20. Payment Lane and CAS20 will only be fully enabled after governance approval, with more details to be announced later.
Cryptocurrency exchange Binance has submitted a crypto service provider license application to the Central Bank of Brazil through its local entity BBrasil in order to maintain local operations before the regulatory deadline. The application was submitted on October 23. Brazil requires existing crypto service providers to apply for authorization by October 30. An application does not mean regulatory approval has been granted.Binance announced that starting Tuesday it will adjust services for Brazilian users, restricting services such as crypto lending and margin trading, and delisting 22 local crypto assets. Thiago Sarandy, General Manager of Binance Brazil, said the company hopes to maintain ongoing dialogue with the Central Bank of Brazil so that it can in the future restore some products that were suspended in order to comply with current regulations. (Cointelegraph)
BNB Chain has announced that the Jenner hard fork upgrade will go live on the BNB Smart Chain testnet on October 28. This upgrade will introduce the Payment Lane feature, which reserves 5% of block Gas capacity by default for eligible payment transactions; support for millisecond-level block timestamps in smart contracts; and functional support for the new compliant asset standard CAS20, with specific arrangements for the rollout of related features to be announced separately.BNB Chain reminds validators, node operators, block builders, and application developers to prepare for the upgrade in advance. Testnet node operators must switch to a compatible client before the upgrade is activated, while developers should check the impact of these changes on applications and development tools.
on October 22, Binance Square launched the second installment of its US stock earnings season content, focusing on the Q3 earnings reports of Tesla (TSLA) and Meta (META). Both companies will release their results after the US market close on October 21 (ET), with market attention centered on whether AI investments can translate into actual revenue, profit, and cash flow.For Tesla, despite Q3 deliveries reaching 486,532 vehicles, beating analyst consensus, automotive business profitability remains a key focus — particularly automotive gross margin excluding regulatory credit revenue. In addition, energy storage business performance, progress in Full Self-Driving (FSD), Robotaxi, and Optimus robot commercialization, as well as capital expenditures and free cash flow, will also influence market judgments on its growth outlook.For Meta, the market will focus on advertising business growth and AI investment returns. Investors should watch revenue, ad impressions, and average price changes to assess whether AI recommendation systems and advertising tools can improve monetization efficiency. Meanwhile, Meta expects capital expenditures to reach $130 billion to $145 billion in 2026. Whether these expenditures can drive corresponding profit and cash flow growth, along with full-year expenses and forward guidance, are all key points of this earnings report.It is understood that Binance Square will continue to follow both companies' earnings performance through earnings previews, post-earnings analysis, and live streams with analysts in both Chinese and English. Users can follow Binance Square's earnings-related topics and participate in discussions via #EarningsSeason to share their views on earnings performance and market trends.
Odaily reports: The PHP Foundation has stated that due to hesitant decision-making and insufficient resources, remediation work for a critical security vulnerability first discovered in 2024 stalled and restarted multiple times, and it characterized the delay as a "structural failure." PHP is a programming language widely used for websites and web applications.PHP has released emergency patches for two related critical vulnerabilities. Unauthenticated attackers could exploit the flaws to execute code on affected servers without logging in. Some government websites or online services in the Netherlands, Finland, France, Germany, and Australia were temporarily taken offline to prepare for patch installation.Security firm Calif and OpenAI separately reported the same underlying issue on August 11, and Calif also demonstrated unconditional remote code execution. Blockchain security firm SlowMist investigated PHP usage in the crypto industry and found direct PHP fingerprints on 793 of the 1,488 domains it assessed.Intersect has temporarily closed its Members Area, Coinbase said it has not found any affected PHP instances, and digital asset infrastructure company BitGo said its platform was not affected. Binance co-founder Changpeng Zhao reminded users to exercise heightened caution when visiting websites recently, and OpenAI has released a Codex skill for checking for vulnerable PHP versions. (Cointelegraph)
Odaily report: According to a U.S. Department of Justice announcement, law enforcement authorities in Ghana and Nigeria arrested 28 people in a joint operation targeting West African fraud networks, involving criminal activities such as cryptocurrency investment fraud. The operation was led by the UK's National Crime Agency (NCA), with participation from Binance, Coinbase, and blockchain analytics firms Chainalysis, Elliptic, and TRM Labs. Private-sector partners collectively identified more than $11 million in funds that could potentially be frozen, though the amount has not yet been confirmed as recovered assets.Coinbase stated that it assisted in tracking illicit funds, supporting asset freezes, and providing intelligence to investigators, identifying more than 65 victims still being defrauded and helping prevent over $415,000 in potential losses. During the operation, Ghanaian police arrested 19 people and seized 303 electronic devices, while another 9 people were arrested in Nigeria. Additionally, 117 human trafficking victims in Ghana are awaiting repatriation to Nigeria, and participants also provided law enforcement with leads on more than 30 suspected fraud centers. The U.S. Department of Justice said this was the first joint operation of its kind specifically targeting the West African region. (CoinDesk)