News linked to both this project and an event.
Odaily reports: Jiang Zhuoer, founder of Litecoin Pool, posted on X platform that Binance's potential loss accounts for a limited proportion of user assets and is not expected to trigger a large-scale wave of withdrawals.He compared this situation with the Bybit theft incident in February 2025: Bybit was hacked for approximately $1.46 billion at the time, accounting for 9.01% of its approximately $16.2 billion in user assets; if Binance's gross outflow this time is $5.64 billion, of which $3 billion has been frozen, the net amount after deduction would be approximately $2.64 billion, accounting for 1.6% of its approximately $165.12 billion in user assets.In addition, the gross outflow may also include internal fund transfers by the platform and normal user withdrawals, and cannot all be regarded as stolen funds. Binance is capable of bearing the relevant losses.
According to official sources, in response to recent security incidents involving Bybit, Bitget, and Binance, OKX founder and CEO Star stated that security should not be an area of commercial competition, but rather a shared responsibility of the entire crypto industry. Over the past decade, major exchanges have made significant progress in private key protection, but potential risks remain in access control and wallet management systems. He emphasized that no system is absolutely secure, and any major security breach at any exchange could undermine trust in the entire industry.Star called on major exchanges in the crypto industry to strengthen cooperation and jointly establish stricter industry security standards and coordinated response mechanisms, including adding verification and security delays for large withdrawals to unknown addresses and smart contract authorization transactions, and implementing key security restrictions at the cryptographic signing layer. Meanwhile, the industry should establish real-time security incident reporting, joint monitoring of suspicious funds, and rapid response mechanisms, and promote collaborative research in areas such as quantum-resistant cryptography and AI-driven security threat defense. He emphasized that no single company can safeguard the future of the crypto industry alone.
according to Lookonchain monitoring, a whale is selling SOL, having deposited 240,000 SOL worth $25.3 million to Binance, OKX, and Bybit over the past 24 hours.
according to Arkham monitoring, whale address 0x204 withdrew 10 million Arbitrum (ARB) from Bybit within 2 hours, and had previously also withdrawn approximately 73,400 Uniswap (UNI) tokens, with a total value of about $2.34 million.It is worth noting that Arbitrum unlocked over 93 million ARB yesterday, and nearly 500,000 tokens continue to unlock each day thereafter. Despite facing sustained token unlock pressure, the ARB price has still risen significantly recently and has remained at a high level over the past month.
Odaily reports: According to Arkham monitoring, whale 0xf82 withdrew 1 million PancakeSwap (CAKE) tokens from Bybit, worth $2.16 million. In addition, the whale also withdrew 800 BNB, worth approximately $576,000.The PancakeSwap core team previously proposed a governance proposal called "The Flip," which plans to increase the proportion of trading fees from v3 and Infinity liquidity pools distributed to liquidity providers (LPs) to 88%, covering all 11 supported blockchains, while reducing CAKE's daily effective emissions from 22,500 to 7,000, a decrease of approximately 69%.
According to on-chain analyst Ai Yi, a certain address deposited $2.85 million in ENA to Bybit again after a one-month gap, involving 11.64 million ENA tokens. The related tokens originated from an Ethena Proxy address. This deposit is the largest in nearly a year, and its purpose is unknown.
According to Odaily, Arkham monitoring shows that about 4 hours ago, a whale withdrew 440,249 WLD, worth nearly $250,000, from Bybit through a newly created wallet under its name. The address had previously purchased ETH through multiple transactions a week ago, with a total investment of over $1 million.
Odaily News: According to monitoring by on-chain analyst Ember, rollover trader @AguilaTrades (0x1f25...f925) frequently used large positions to roll over long positions on Hyperliquid from June to August last year, losing $37.6 million within 2 months, and had not opened any positions on Hyperliquid for 14 consecutive months since then. 20 minutes ago, they withdrew 500,000 USDC from Bybit to Hyperliquid, then went long on 100 BTC worth $8.29 million, with an entry price of $82,962 and a liquidation price of $78,997.
Odaily News: On-chain detective ZachXBT posted on X that he once posed as a client to infiltrate a criminal group suspected of laundering money for the North Korea-backed hacker organization Lazarus Group, and assisted in freezing funds related to the 2025 Bybit attack.ZachXBT stated that after Bybit suffered a $1.5 billion attack in February 2025, he discovered that more than 15 accounts in public Telegram and Discord groups were seeking help processing transactions related to the stolen funds. He subsequently contacted one of the Telegram users using the alias "Jimmy Green" and built trust through multiple transactions. According to his disclosure, on March 6, 2025, he transferred $3.497 million in USDC to an Ethereum address for a USDC-to-TRON-chain USDT exchange transaction with the counterparty. The source of gas funds for that address can be traced back to the Bybit attack funds and was publicly flagged as a Bybit attack blacklisted address.ZachXBT said that in subsequent communications, the counterparty revealed that their team had been involved in processing the stolen Bybit funds and disclosed in advance that the funds would be moved across chains including Solana. By matching transaction timing, amounts, and on-chain data, he identified a wallet cluster involving more than $12 million in Bybit attack funds, with fund paths spanning multiple networks including BTC→ETH→SOL→TRON. Approximately 442,000 USDT was frozen by Tether, and the group also attempted to launder money through Uniswap liquidity pools and low-liquidity tokens. Additionally, the counterparty disclosed having helped other clients process approximately $3 million in fraudulent proceeds, and ZachXBT traced the related funds to wallets associated with the sanctioned Huione Guarantee.ZachXBT revealed that in this investigation, he initially invested $3.497 million and bore a loss risk of approximately 5% per transaction. The intelligence ultimately obtained was provided to relevant investigative agencies and law enforcement authorities at the earliest opportunity. Since 2022, he has assisted in freezing over $75 million in funds related to North Korea-linked incidents.
Odaily reports: Crypto analyst Darkfost stated on X that Bitcoin spot trading volume has seen a moderate rebound since hitting a low in July, but the overall recovery remains limited. Among major exchanges, Binance's spot trading volume rose to over $50 billion in September, up from $42 billion in July; Bybit's spot trading volume increased from $14 billion in July to $19 billion; Kraken rose from $4 billion to $8 billion.Darkfost noted that when Bitcoin hit its phase low in July, spot trading volume also fell to its lowest level since the last bear market, reflecting the weakest market interest in BTC in nearly 3 years. Since then, spot trading volume has picked up somewhat, but no significant recovery has yet emerged. Typically, moderate growth in spot trading volume accompanies a new round of upward momentum for Bitcoin, but if BTC wants to challenge new highs, the market still needs further increases in spot trading volume, especially new demand.
Odaily News: A wallet suspected to be associated with the Ethena team has withdrawn a cumulative $68.26 million worth of ENA from centralized exchanges. Approximately 2 hours ago, it withdrew $13.1 million worth of ENA from Bybit and $55.16 million worth of ENA from Coinbase. The Ethena project team posted a series of transaction hashes on X 8 hours ago, though the specific details have not yet been disclosed.
Odaily reports: According to Arkham monitoring, a whale address transferred 70 million H tokens worth $4.91 million to cryptocurrency exchange Bybit over the past 24 hours. This wallet had previously sent over $5.35 million worth of H tokens to Sablier.Monitoring suggests the address is likely linked to the Humanity team. It received 2.77 billion H tokens from the project team 109 days ago and still holds over 2.6 billion H. This deposit to a centralized exchange marks the wallet's first such operation. Since H tokens have been trading largely flat over the past week, this large transfer could increase the risk of price volatility going forward.
Odaily News — According to monitoring by the Drift Foundation, the Drift Foundation has released an update on fund recovery progress related to the April 1 security incident: approximately $295 million in user assets were stolen. The foundation has engaged Mandiant, zeroShadow, and SEAL 911 to conduct the investigation and trace the funds, with Mandiant identifying the attacker as the North Korean threat group UNC6862.The stolen funds were subsequently bridged to Ethereum, with approximately 130,300 ETH distributed across 4 wallets. Three of these wallets have seen no transfers to date, collectively holding 107,200 ETH; the other wallet transferred approximately 23,100 ETH to Tornado Cash on July 23.Currently, approximately $9.2 million in stolen funds has been frozen. The relevant funds had previously been transferred through Tornado Cash in August, and unfreezing and return still require cooperation with legal procedures. The Drift Foundation will transfer all assets recovered through freezing, bounties, or law enforcement channels into the DFX recovery pool, and is evaluating the subsequent path of the DRIFT token within the broader ecosystem. In addition, the foundation has partnered with Bybit to launch a public bounty program, offering a 10% bounty on successfully recovered funds.
Odaily News — Gracy Chen, CEO of cryptocurrency exchange Bitget, said the company is not optimistic about recovering the $388 million in crypto assets lost in last week's security incident. Citing the Bybit hack in 2025 as a reference, she noted that approximately one year after that incident, only about 3.5% of the stolen funds had been frozen, and that this does not equate to a completed recovery.Bitget has set up a bounty program offering 5% rewards for frozen funds and recovered funds respectively. The NEAR Intents team said it has intercepted over $50 million in assets related to the attack and frozen approximately $500,000. Tether and Circle have blacklisted the relevant wallets, freezing $318,000 worth of USDT and USDC.Gracy Chen stated that preliminary investigations indicate the attack may match VPN addresses used by North Korea-linked groups, but Bitget has not yet fully ruled out the possibility of an insider job. Bitget has resumed withdrawals in phases, starting with Bitcoin transactions on Monday and continuing with ETH transactions on Tuesday. (Cointelegraph)
Odaily News: Franklin Templeton has expanded its off-exchange collateral program to Bybit, allowing users to use their tokenized money market fund shares as collateral for crypto trading. These shares represent approximately $686 million in net assets and can be used to borrow USDT or USDC, while the underlying assets continue to generate yield.Users do not need to transfer the underlying assets to Bybit. The regulated custody platform ByCustody will hold the relevant assets off-exchange, with their value mirrored within Bybit's trading environment. Franklin Templeton has previously offered similar services to Binance and OKX users.
According to on-chain analyst Aunt Ai, casualpig.eth (0x651...f0314) withdrew 1,754 ETH from Bybit 3 hours ago, worth $4.65 million. This address has opened a new ETH position after a one-year gap; its previous ETH swing trade occurred between August and October 2025, when it withdrew at an ETH price of $4,751.74 and deposited back when the price dropped to $4,433.10, with an estimated loss of $449,000.
Odaily News: According to Onchain Lens monitoring, one hour ago, a whale deposited 177,520 HYPE, worth $16.08 million, into OKX and Bybit; two days ago, the same whale also deposited 89,050 HYPE, worth $8.21 million, into Binance, Kraken, OKX, and Gate. The cumulative deposit totaled 266,570 HYPE, worth $24.29 million.
Odaily News: According to on-chain analyst Yu Jin, over 90% of the funds swapped cross-chain through THORChain are illicit or grey-market funds. Yu Jin stated that most of the funds stolen from Bybit last year were transferred through THORChain, which collected nearly $10 million in fees within 10 days. Recently, some of the funds stolen from Bitget have also been transferred through THORChain, generating $1 million in fee revenue.
Odaily News: According to Lookonchain monitoring, whale address 0xd0A4 withdrew a total of 18.34 million ENA from Gate, Bybit, OKX, and Binance today, worth approximately $5.13 million.
Odaily reports: Xie Jiaxin posted on X stating that this Bitget security incident involved multiple non-EVM chains and 10 tokens, and due to the different method of asset theft, different approaches to handling and restoring withdrawals were taken compared to last year's Bybit security incident in order to thoroughly eliminate potential risks.Additionally, Xie Jiaxin stated that he and Bitget CEO Gracy Chen will host a community livestream 30 minutes before withdrawals resume on Monday to discuss this security incident and answer community questions.Bitget announced on X that it will restore withdrawals in phases: Bitcoin network withdrawals will resume on September 28 at 8:00 (UTC); ETH withdrawals on Ethereum, BSC, Arbitrum, Base, and Optimism networks will resume on September 29 at 8:00 (UTC); USDT withdrawals on Ethereum, BSC, Solana, and Tron networks will resume on September 30 at 8:00 (UTC); other tokens, fiat, and P2P withdrawals will resume on October 2 at 8:00 (UTC). Trading and deposit services continue to operate normally, and users do not need to take any action in advance.