News linked to both this project and an event.
Odaily report: Crypto analyst Darkfost posted that market sentiment deteriorated noticeably within a single day, with the Fear and Greed Index falling from 51 (neutral) to 30 (fear), the lowest level since mid-August. Over the same period, Bitcoin dropped about 4% to 5% within 24 hours, briefly touching a six-week low near $76,500; Ethereum fell below $2,200, and total liquidations across the market exceeded $1.6 billion in the past 24 hours.Darkfost noted that historically, periods of market pessimism often correspond to accumulation opportunities, but the current index reading of 30 only represents fear and has not yet entered the extreme fear zone below 25, suggesting market sentiment may remain under pressure. In addition, this round of decline was partly triggered by Binance's $6.3 billion hack incident and did not stem entirely from a clear deterioration in market fundamentals.
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.
following a suspected North Korean hacker attack on Binance involving $6.3 billion, Bitcoin briefly fell to $76,400, its lowest level since September 18, before rebounding somewhat. Ethereum touched a low of $2,170 before recovering to around $2,220.Risk-off sentiment has intensified in the market, with bearish sentiment heating up in both BTC and ETH options markets. Among the options with the highest trading volumes, put options account for the majority, and 25 Delta skews across multiple expiries have risen simultaneously, reflecting increased demand for hedging against downside risk. Meanwhile, weakness in U.S. tech stocks has also added pressure to the market, with Nasdaq 100 index futures falling 2.3%. (CoinDesk)
Binance's Yi He stated that Binance's SAFU fund and Binance's holdings include a large amount of BTC, ETH, and others. Binance is currently purchasing, through over-the-counter (OTC) and on-exchange trading, all altcoins that exactly match the stolen assets in order to complete Proof of Reserves. Once the purchases are complete, Binance will sync the information again.
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.
Some users are concerned that freezing protocol collateral funds could trigger cascading liquidations in DeFi. He Yi's reply clarified the situation regarding AAVE-related collateral funds: currently, the 60 million USDT collateralized in AAVE falls outside the full freeze scope, and the hackers actually only stole approximately $46 million worth of ETH. Once these assets are unfrozen through the law enforcement system, an additional ~$14 million in recoverable assets will be available.
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)
Odaily reports: According to Lookonchain monitoring, legendary trader dimethyltryptamine.eth (0x4a2C...0614) once spent only 0.125 ETH ($251) to buy 5.9 trillion PEPE, which was worth $100 million at its peak. After the Binance hacker completed the PEPE sell-off, dimethyltryptamine.eth bought another 45.08 billion PEPE, worth $206,500.
Reserve has officially stated that the 3.38 billion RSR tokens involved in the Binance hot wallet hack have been sold by the attacker. The Reserve protocol contracts remain unaffected, and RSR holders need to take no further action. On-chain data indicates that the attacker exchanged the entirety of the RSR for 1,856 ETH via Uniswap V3 between 20:53 and 21:08 EST on October 29, with a total value of approximately $4.1 million.
According to Arkham's monitoring, Binance hackers just transferred $38.82 million worth of ETH to a new wallet, possibly preparing to deposit it into Tornado Cash. The wallet still holds $1.12 billion in ETH.
According to Lookonchain monitoring, the Pando Rings hacker (0x303D...3d9F) bought 7,548 ETH worth $16.72 million 2 hours ago.
Du Jun posted on X: "Family offices that I persuaded years ago to allocate BTC and ETH, after experiencing centralized exchange hacks and cold wallet supply chain security incidents, have one after another swapped their BTC for IBIT, and some simply sold their coins to buy physical gold and other traditional assets. I don't even know how to advise them anymore—it seems there's no solution."
Odaily reports: According to on-chain analyst Aunt Ai's monitoring, the Kanye-associated address (0xdea6...1d5c) began selling 1,390 ETH in batches six hours ago (after news of the Binance hack was disclosed), at an average price of $2,275.6, with a sale value of $3.163 million and a loss of $317,000; it is currently still staking 19,506.17 ETH and has borrowed $27.67 million in stablecoins, with a health score of 1.31. A drop in ETH to $1,689.59 will trigger liquidation.
Odaily reports: According to on-chain analyst The Data Nerd, the Binance hacker has sold altcoins worth approximately $158.25 million and converted all proceeds into 70,480 ETH.The specific sell-offs include: 7.02 million UNI (approximately $39.63 million), 217.5 million ENA (approximately $33.93 million), 7.77 trillion PEPE (approximately $31.66 million), 2.57 million LINK (approximately $26.05 million), 127,953 AAVE (approximately $14.27 million), 21.85 million ONDO (approximately $6.62 million), and 17.32 million WLD (approximately $6.09 million).Currently, all of the aforementioned altcoins held by the relevant address have been fully liquidated.
USDT0 official announced that transfer services between Ethereum and TRON have now resumed. The prior suspension of related services was implemented as a precautionary measure to prevent the transfer of stolen funds. USDT0 thanked users for their patience, noting that its infrastructure remains unaffected and continues to operate securely.
Odaily reports: Crypto KOL Seven research posted that "right now, the vast majority of market makers and quantitative firms in the crypto market keep the bulk of their capital and main margin accounts on Binance. Many institutions engage in cross-exchange arbitrage or hedging, and Binance's suspension of withdrawals could cause their funding chains to seize up on the spot—if market volatility continues to intensify, they would be unable to withdraw funds from Binance to top up margin elsewhere. To avoid liquidation, they would be forced to close positions on other exchanges and on-chain, forcibly pulling cash back. This is also why, even though the assets stolen were Ethereum-ecosystem assets, Solana and a bunch of altcoins ended up crashing along with it today."
that, according to Onchain Lens monitoring, the hacker group allegedly linked to the $5.8 billion Binance attack is transferring over $1 billion worth of ETH to new wallets and may be preparing to launder the funds through Tornado and other mixers.
Odaily reports: According to Lookonchain monitoring, after the Binance attack incident, a whale address 0x8add immediately shorted 22,047 ETH (approximately $48.89 million) and 620.7 BTC (approximately $47.89 million) at maximum leverage, with the two short positions totaling approximately $96.78 million in notional value. Currently, the trader's unrealized profit on these positions has reached $2.29 million.
Odaily Report: Derek Chiang, founder of ZeroDev and a developer involved with EIP-7702, posted on X stating that first, to be clear — EIP-7702 itself has no vulnerability. If you are using a wallet that supports EIP-7702 (MetaMask, Uniswap, Ambire, etc.), please do not panic.EIP-7702 is an Account Abstraction improvement proposal that allows externally owned accounts (EOAs) to sign a special message called a "7702 authorization," thereby embedding a smart contract into that account. This enables accounts to achieve powerful functionality, such as transaction batching — combining "authorization" and "transfer" into a single transaction, allowing you to complete a swap on Uniswap with just one click.Unfortunately, the same feature also allows hackers to efficiently transfer all your tokens in a single transaction. In the Binance hack incident, the hacker moved ETH, USDT, and 62 other tokens in one transaction, whereas without EIP-7702, they would have needed to send a separate transaction for each token. In this particular incident, many such transactions would have failed anyway, because Binance was still using the compromised wallet for withdrawals at the time, so all transactions sent by the hacker had to compete with legitimate transactions for Nonce (transaction sequence number). Therefore, using EIP-7702 did help the hacker steal funds as quickly and as extensively as possible.However, for the hacker to use EIP-7702, one of the following conditions must have been met: first, they obtained the private key; second, they tricked Binance into signing a 7702 authorization — the latter is highly unlikely, as it is hard to imagine Binance exposing an endpoint used for signing 7702 authorizations (or worse, signing raw messages that could be repackaged by the hacker for 7702 authorization). But until the official postmortem report is released, this possibility cannot be completely ruled out.Derek Chiang added: "As one of the contributors to account abstraction, I feel somewhat responsible for this hack incident, because while giving accounts more powerful functionality, we have indeed also given hackers stronger capabilities."
Odaily reports: According to monitoring by on-chain analyst Ai Yi, the UXLINK hacker-linked address (0xde8...9524) opened a 30,282.4 ETH long position on Hyperliquid. Its unrealized profit reached $7.422 million in the early hours of today, but has now narrowed to $2.45 million. The original post stated that ETH came under pressure and pulled back due to the recent Binance hack incident.