News linked to both this project and an event.
Odaily report: Analysts from three Wall Street firms—Cantor Fitzgerald, TD Cowen, and Compass Point—all believe that despite Binance suffering an approximately $6.3 billion hack, there is currently insufficient evidence to suggest the incident will threaten the broader crypto market, and the market's prior recovery trend is unlikely to be interrupted as a result.Cantor Fitzgerald analyst Ramsey El-Assal noted that Tether has frozen over $1.5 billion in stolen assets, Circle has frozen approximately $800 million, and Ripple has frozen about $200 million, with Binance stating that the total frozen stolen funds currently amount to roughly $3 billion. He believes the crypto industry is gradually improving its ability to respond to such security incidents and expects crypto-related stocks such as Coinbase, Robinhood, and Strategy to rebound once market panic subsides, recommending that investors buy on the dip.TD Cowen analyst Lance Vitanza believes the attack exposed security weaknesses in Binance's own transaction signing infrastructure rather than flaws in the underlying technology of cryptocurrencies like Bitcoin, and that the market sell-off may present an opportunity to accumulate Bitcoin and shares of listed companies holding Bitcoin.Compass Point analysts believe Binance has sufficient liquidity to cover the funding gap, and expect its excess USDT reserves, BTC reserves, and USDC funds to be adequate to absorb the losses. However, the firm also warned that Binance compensating customers could put pressure on stablecoin supply and may drive users to migrate from centralized exchanges to competing platforms such as Coinbase, Bullish, and Hyperliquid. (CoinDesk)
Odaily report: Crypto analyst Darkfost posted that although Binance yesterday suffered an attack suspected to be linked to the North Korean hacker group Lazarus Group, with losses of approximately $6.3 billion—the largest theft in crypto industry history—the platform's reserve assets only declined modestly, and the impact on users appears limited.Data shows that during the attack, Binance saw outflows of 18,279 BTC, 185 million XRP, and $1.67 billion USDT at one point; ETH flowed out in two batches, totaling 246,840 coins (167,464 and 79,376 respectively). Based on same-day reserve changes, BTC reserves fell 3.1% to over 682,000 coins, ETH dropped 8.5% to 3.3 million coins, XRP declined 8% to 2.47 billion coins, and USDT decreased 6.3% to $34.1 billion.Additionally, Binance stated it has frozen approximately $3 billion in related assets, including $1.567 billion USDT and over $800 million USDC, and pledged to absorb losses through the SAFU fund and company reserves. Darkfost believes the magnitude of change in Binance's reserve assets indicates the platform still possesses a certain capacity to absorb shocks.
Odaily reports: Some market observers suggest that following the approximately $6.3 billion hack on Binance, project teams, VCs, and associated wallets may temporarily hold off on selling their altcoin holdings. In the coming days, funds, insiders, and project-affiliated wallets may exercise greater caution before selling tokens into the market to avoid further exacerbating selling pressure.Blockchain analytics firms TRM Labs and Chainalysis have both attributed the attack to North Korea with high confidence. Binance has committed to covering user losses through its protection fund and company resources, and approximately $3 billion in stolen assets have been located, with about half frozen through stablecoin issuers such as Tether and Circle. Market analysts note that the incident has once again sparked discussions around the security of centralized trading platforms, the freezing capabilities of stablecoins, and the difficulty of tracking decentralized assets. (zerohedge)
According to on-chain analyst Ember (@EmberCN)'s monitoring on October 30, Maji's ETH long positions were entirely liquidated during the morning sell-off triggered by the Binance hack. In the afternoon, he deposited an additional 250,000 USDC to continue opening longs, and currently holds long positions worth approximately $5.88 million on Hyperliquid, covering ETH, HYPE, and BTC.
Additionally, the Noble chain will not integrate with the new version of CCTP. Circle plans to suspend its USDC contract and remaining cross-chain routes on January 12, 2027. Holders on Noble must transfer out their USDC beforehand. Circle will take a snapshot of any remaining balances on the day of suspension and initiate manual redemptions starting January 13. Applicants must meet compliance and security requirements, with assets held in self-custody wallets.
According to Onchain Lens, trader Long Loyalist deposited 4.9 million USDC into Hyperliquid about an hour ago and placed a buy order for 9,630 ETH, valued at approximately $20 million. The trader currently holds 4,860 ETH in long positions, worth around $10.94 million, with unrealized losses across 39 positions totaling $4.63 million, and cumulative historical losses reaching $4.29 million.
Odaily News: According to Lookonchain monitoring, after the Binance attacker completed the sell-off of all 217.5 million ENA (worth approximately $33.93 million), a newly created wallet address (0xedc0) began going long on ENA.The address deposited 2 million USDC into Hyperliquid, then opened a long position of 22.78 million ENA with 3x leverage, with the position value at approximately $4.09 million.
Odaily reports: An empirical study presented at USENIX Security 2026 shows that among the approximately 3.66 million early EIP-7702 authorization transactions across seven chains, about 63% were associated with malicious contracts; confirmed losses exceed $2.3 million, and 924 malicious contracts were identified. Most attacks use phishing to trick users into signing authorizations that delegate their wallets to sweeper contracts. On-chain analysis shows that in today's anomalous outflow event from Binance hot wallets, attackers exploited EIP-7702 authorizations signed by hot wallets including Binance 14 to delegate accounts to pre-deployed malicious sweeper contracts, then transferred assets in bulk within minutes. Estimates from multiple parties put the scale in the billions of dollars, and Tether, Circle, and others have frozen some stablecoins. This incident aligns with the risks identified in the research: whether through private key leakage or abuse of signing systems, once attackers obtain a legitimate authorization signature, EIP-7702 grants them persistent execution control over the account until the authorization is revoked.
Odaily report: A wallet suspected to be associated with the Binance hack incident received tens of thousands of ETH through a Uniswap contract and borrowed 19,762 ETH on Aave using approximately $60 million in USDT as collateral. On-chain records do not show any vulnerabilities in Uniswap or Aave.As of 22:07 UTC, the two wallets held approximately 253,000 ETH, worth about $570 million, with no outgoing transfers recorded. Aave has paused the Ethereum mainnet V3 market, and Kamino has also paused borrowing in the SOL/BTC market; Ripple has frozen approximately $200 million in RLUSD, and more than $2 billion in USDT and USDC has been frozen by stablecoin issuers. (Decrypt)
Odaily Report: According to monitoring by Bitcoin News, on-chain analysis shows that after attackers exploited a malicious EIP-7702 authorization to take control of a Binance wallet, the wallet's key remained usable. Binance reportedly used the signing key to execute transactions through the compromised wallet, recovering $823 million in USDC. The attackers reportedly obtained 50 valid authorizations signed by the wallet's key, one of which successfully activated malicious code and moved 65 types of assets. Even after Tether and Circle blacklisted the attackers' addresses, the asset transfers reportedly continued; a $200 million USDT deposit was moved out just 100 seconds after it arrived.
According to Whale Alert, within approximately 40 minutes of the suspected Binance hack, around $2.37 billion in USDT and USDC was frozen; addresses tagged as "Binance Hack 2026" additionally transferred out approximately 7.019 million UNI.
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.
Odaily reports: On-chain monitoring shows that the total assets flowing out of Binance-labeled wallets amounted to approximately $5.643 billion. The breakdown includes: $3.528 billion on Ethereum, $1.449 billion on Bitcoin, $628 million on Tron, and $38 million combined across Arbitrum, Optimism, and Base networks. The tally excludes change outputs and avoids double-counting subsequent transfers and swaps. Tether and USDC issuer Circle have frozen at least $2.316 billion in stablecoins, including approximately $1.493 billion in USDT and $823 million in USDC.
According to Whale Alert, approximately 780 million USDC (worth around $780 million) was transferred from Binance to an unknown wallet at 04:42 Beijing Time.
Odaily News: According to Onchain Lens monitoring, Vitalik Buterin (0xfEB...03B2) transferred 1 million USDC, worth approximately $1 million, to his charitable project Kanro Fund.
According to blockchain analytics platform Arkham (@arkham), two wallets associated with Justin Sun received PEPE in two transactions from Poloniex on October 17 and 26: 7.2 trillion tokens (approximately $28.44 million) on October 17, and 4.65 trillion tokens (approximately $20.32 million) on October 26, totaling approximately $48.76 million. These tokens were allegedly originally purchased from Binance, subsequently routed through Poloniex and HTX before flowing back into Poloniex, and ultimately transferred to Justin Sun's wallets. During the same period, between October 15 and 25, Justin Sun deposited $77 million worth of stablecoins to Poloniex in six transactions, including $60 million in USDT and $17 million in USDC. These funds were previously redeemed from Spark/AAVE and Sky, respectively. Prior to October 17, Justin Sun held only about $267,000 worth of PEPE (68 billion tokens). The current combined value of the two wallets' holdings is approximately $51.01 million, up by over $2 million since receipt, accounting for roughly 2.82% of PEPE's total supply and representing 2.2% of his $2.29 billion on-chain wealth.
Odaily Report: According to monitoring by on-chain analyst Ember, a hacker who stole approximately $40 million in assets from UXLINK last year opened a long position of 30,300 ETH on Hyperliquid at a price of $2,134, with a position value of $70.25 million and current unrealized profit of $5.62 million. The funding source address for the ETH long position has a direct fund intersection with a known UXLINK hacker address: one month ago, both addresses consolidated their remaining ETH Gas to the same wallet on the same day. In early August, after consolidating 11.54 million USDC from multiple channels, the hacker began trading ETH on Hyperliquid, opening positions 6 times in total, with 5 profitable trades and total profits of $5.71 million.
According to Onchain Lens monitoring, Arthur Hayes (0x6cd...7e21) received $49.24 million USDC after recent token sales, of which Galaxy Digital recently transferred $23.07 million to him, bringing the total USDC he received from trading desks and exchanges to $49.24 million.
according to Lookonchain monitoring, a whale added $5.67 million in USDC margin to a $214 million long position of 93,184 ETH to avoid liquidation, with new liquidation prices at $2,181.69 and $2,177.79. The position currently has an unrealized loss of $18.62 million and has paid $2.68 million in funding fees.
According to Odaily, on-chain analyst Yu Jin monitored that at 23:00 last night, ETH dropped to a low of $2,282, and a certain whale's ETH long position was about $30 away from its liquidation price. In the early hours of the morning, the whale added $9.21 million in USDC margin, lowering the ETH long position's liquidation price from $2,256 to $2,181. Currently, the whale holds BTC and ETH long positions worth approximately $397 million, including 115,473 ETH valued at about $272 million with the nearest liquidation price at $2,181, and 1,539.5 BTC valued at about $124 million with the nearest liquidation price at $70,396.