News linked to both this project and an event.
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.
Symbiosis stated that it has identified funds linked to the Binance security incident attempting to be transferred through its protocol, and is currently in contact with Binance while working to patch gaps in its screening mechanism.
Odaily News: According to Lookonchain monitoring, the Binance hacker (AffzFDKZ...GigBEaU) is converting the stolen 970,500 SOL (worth $95.9 million) into BTC. In the past hour, the hacker transferred 487,000 SOL (worth $46.4 million) and is currently using Relay Protocol to convert SOL into BTC.
according to Arkham monitoring, approximately 1 minute ago, an address tagged as the Binance hacker transferred 485,270 SOL to an address, worth approximately $46.23 million.
Whale Alert monitoring shows that addresses linked to the 2026 Binance theft incident transferred 485,270 SOL to an unknown wallet, valued at approximately $46.35 million.
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.
Odaily reports: Analyst Darkfost posted that with the recent hack of Binance, the North Korean hacker group Lazarus Group's cumulative stolen funds have reached $11.87 billion. According to 2025 data from the Bank of Korea, this amount is equivalent to 45% of North Korea's GDP and 35% of its Gross National Income. However, some of the funds were lost during subsequent money laundering processes.Darkfost noted that the recent attack on Binance was the most profitable attack by the North Korean hacker group. He also stated that the relevant information was circulating on the X platform before the FBI confirmed it.
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.
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.
Binance co-founder CZ stated that U.S. law enforcement agencies provided crucial assistance, including tracking and freezing assets, during the Binance hack, and believes this has helped mitigate Bitcoin's decline.
Odaily reports: According to PeckShield data, in October 2026 there were 56 major security incidents in the crypto industry, with cumulative losses of approximately $6.48 billion, an increase of about 745% compared with approximately $766 million in September. Among them, the Binance security incident caused losses of approximately $6.3 billion, and another approximately $3 billion in assets has been frozen, making it the largest crypto industry security incident by loss amount so far this year, exceeding Bitget's approximately $387 million and Liquid Network's approximately $320 million, which ranked second and third respectively. In the Liquid Network incident, approximately $285 million has been recovered. As of October 31, the top ten attacks by annual loss amount had caused combined losses of approximately $8.6 billion, accounting for 92.3% of the total losses for the year; this statistic has not yet deducted frozen and recovered funds. In addition to the above incidents, Drift, KelpDAO/LayerZero, COLDCARD Wallet, and others also ranked among the top ten on the annual loss list.
CZ addressed rumors that the Binance hacking incident was anticipated in advance, stating that a chat screenshot allegedly showing him attempting to contact Pauly was forged, and other claims could not be verified.
According to Lookonchain monitoring, the Binance hacker sold 908,793 PROM tokens worth approximately $5 million into a Uniswap V2 liquidity pool that was almost empty, receiving only 0.0316 ETH, worth about $71.
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.
He Yi responded to reports that Binance was hacked, noting that relevant teams are on 24-hour duty. Colleagues identified the anomaly first and had already begun addressing it. She subsequently learned about the situation via X and joined the response.