News linked to both this project and an event.
Odaily report: Crypto KOL "土澳大狮兄" posted on X platform, stating that there are increasingly fewer mixing channels capable of handling large sums of Bitcoin, and most centralized exchanges now require strict KYC and will cooperate to freeze funds. Combined with increasingly mature on-chain tracking, the difficulty for hackers to move and liquidate stolen funds has significantly increased.Even if the 18,270 BTC stolen from Binance (worth approximately $1.4 billion) can be laundered, it will be very slow, may require substantial discounts, and carries a higher risk of being intercepted along the way—making it unlikely to become selling pressure in the short term.Additionally, Binance co-founder Yi He replied under the tweet, saying, "We will chase this to the end."
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."
Crypto KOL 0xPickleCati believes the suspected hack at Binance currently resembles more of a security incident than an FTX-style solvency crisis, but the market may experience further declines over the next 72 hours, and they are preparing to buy in tranches.
Odaily News: According to monitoring by @insidecalls and @cladzsol, recently multiple popular meme coin display pages have been directing users to phishing pages disguised as "Cloudflare verification." After users follow the prompts, their computer systems download and execute malicious scripts, resulting in on-chain asset theft. The relevant display pages directly reference the official website or social media links in the token metadata, and these fields can be updated by the token creator or individuals later claiming "community takeover."
according to monitoring by crypto KOL Yusuf, two contracts of European stablecoin issuer StabIR, EURR and USDR, were attacked yesterday, resulting in losses exceeding $10 million. Following the incident, over $100,000 in stolen funds have been frozen, with the de-pegging range of USDR and EURR exceeding 20%.