News linked to both this project and an event.
Elliptic found that stolen funds from Binance have entered Bitcoin mixer transactions for the first time, involving approximately 28 BTC, with associated addresses still holding assets worth approximately $3.24 billion.
South Korea's Financial Services Commission convened an emergency meeting to inspect exchange security systems and mandated increasing the cold wallet ratio and strengthening monitoring of deposits and withdrawals.
Odaily reports: According to Bitcoin News monitoring, the US Secret Service stated that within minutes it helped freeze a "substantial portion" of the stolen assets in the Binance hack case involving $6.3 billion. The agency said investigators immediately worked with crypto industry partners after Thursday's attack to identify and freeze the stolen assets. So far, approximately $3 billion in assets have been frozen cumulatively, but the Secret Service did not disclose the specific amount it helped preserve. The FBI attributed the theft to the North Korean TraderTraitor group and published hundreds of wallet addresses associated with the theft. Federal agencies are tracking and recovering the remaining funds.
According to Xinhua Daily, Chinese Ministry of Foreign Affairs spokesperson Mao Ning held a regular press briefing. A Yonhap News Agency reporter asked about the US Federal Bureau of Investigation's (FBI) October 31 statement identifying North Korea as the mastermind behind the theft of approximately $6.3 billion in Binance assets. US President Trump stated that if the allegations are true, the United States would discuss the matter with North Korea, and the reporter sought the Chinese side's views on the incident and Trump's comments. Mao Ning replied, "Regarding your question, we are not aware of the situation."
Odaily reports: According to Coinglass monitoring, Binance's Bitcoin wallet balance has declined for four consecutive days, reaching approximately 652,300 BTC today. On October 30, when Binance suffered a hack, its Bitcoin wallet balance was approximately 675,500 BTC, a decrease of about 23,200 BTC. Additionally, possibly due to Binance reopening withdrawals, data shows that Binance's Bitcoin wallet balance decreased by approximately 15,894.17 BTC over the past 24 hours.
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.
Odaily reports: 40 million XRP (approximately $50.46 million) was transferred from an address linked to the Binance attacker to an unknown wallet.
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.
JackYi (@Jackyi_ld), founder of Liquid Capital, stated in a post that, based on the current situation, Binance's profits are sufficient to cover the amount stolen in this incident, with no issues regarding asset security or liquidity, making it entirely different from the FTX event back then. He believes the core issue at present is how exchanges, including Binance, can prevent secondary thefts. The market worries whether hackers' attack capabilities in the AI era have surpassed exchanges' defensive capabilities, and whether hackers have planted hidden vulnerabilities in exchange systems. He called on exchanges to publish detailed and reliable security protocols to users.
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.
Odaily reports: On the morning of November 2, South Korea's Financial Services Commission urgently summoned representatives from trading platforms including Upbit, Bithumb, and Coinone to convene a security inspection meeting, focusing on examining the platforms' preparedness for large-scale hacking attacks and their user asset protection systems. The meeting was held ahead of a security inspection meeting for the entire financial industry scheduled for November 5. It aimed to understand the South Korean crypto industry's response measures in light of the recent large-scale asset theft incident at Binance, and to discuss plans such as increasing the proportion of user assets stored in cold wallets. Under South Korea's current Virtual Asset User Protection Act, trading platforms must store at least 80% of users' virtual assets in cold wallets isolated from the internet. Upbit's cold wallet storage ratio exceeds 99%, Bithumb's is approximately 94%, Coinone's is approximately 85%, while Digital X and Gopax are in the low 80s.
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.
According to BeInCrypto, Bitwise Chief Investment Officer Matt Hougan stated that if a $6.3 billion hack of the same scale occurred ten years ago, it would have been enough to bankrupt Binance. However, today this is a traditional cybersecurity incident, not a vulnerability in the Bitcoin blockchain itself, and will not change Bitcoin's long-term trajectory.
Odaily reports: Fu Sheng, Chairman and CEO of Cheetah Mobile, posted comments on the Binance hack, stating that the massive theft of assets from Binance does not mean Binance's security construction is inadequate, but rather reflects the fragility of traditional security strategies in the AI era. Fu Sheng believes that Bitcoin's algorithm is indeed unsolvable under traditional mathematical theory, but under the broader logic based on human habits, the problem will converge significantly.In response, Binance co-founder Yi He said: "Fire prevention measures from the candle era cannot save fires in the electric light era. Everyone is crossing the river by feeling the stones—it's just that the cost is a bit high."
The U.S. Secret Service stated that investigators collaborated with industry partners within minutes of the incident to locate and freeze a significant amount of stolen cryptocurrency, and the investigation remains ongoing.
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.
He Yi responded to rumors regarding the Binance hack incident, stating that the claims were false and that ZachXBT did not make the statements attributed to him.