The co-founder and former CEO of Binance praised the role U.S. law enforcement agencies played in handling the aftermath of the over $6 billion hack the exchange suffered at the hands of North Korean hackers, crediting them with keeping the market afloat.
A one-block Ethereum reorganization on Saturday triggered a double refund involving 10 ETH on Thorchain, setting off an emergency pause that disrupted cross-chain swaps across most of its supported networks. Chainalysis said the malfunction inadvertently delayed laundering activity connected to Binance’s $6.4 billion theft.
On Oct. 29, during the Binance hack, approximately 18,270.2 BTC worth $1.4 billion was stolen, with the Federal Bureau of Investigation (FBI) subsequently identifying the Democratic People’s Republic of Korea (North Korea) as the principal perpetrator.
Binance said withdrawal volumes were stabilizing after processing $4.649 billion following its post-hack restart. Deposits offset part of the withdrawals, leaving approximately $3.64 billion in net outflows as the exchange continued restoring access.
Bitcoin’s celebrated “Uptober” tradition suffered another setback in 2026, with the leading crypto asset closing October down 7.32% against the greenback, its weakest performance for the month since 2014.
Michael Saylor hinted at another Strategy bitcoin purchase after declaring that a new bitcoin bull market was beginning. His latest orange-themed chart showed 848,517 BTC valued at approximately $66 billion, following a week without acquisitions. Saylor Shares Another Orange-Themed Bitcoin Signal Strategy Inc.
Law and Ledger is a news segment focusing on crypto legal news, brought to you by Kelman Law – A law firm focused on digital asset commerce. The opinion editorial below was written by Michael Handelsman for Kelman.Law.
This week’s stories spanned exchange security, prediction markets, bitcoin treasury risk, earnings and tokenization. Binance investigated a potential multibillion-dollar hack, while Kalshi raised another $1 billion at a $40 billion valuation.
Despite the recent hack that affected Binance, causing over $6 billion in losses to the company, industry leaders still believe that the cryptocurrency market might benefit from a downturn in the U.S. tech/AI equity sector, with investors pivoting liquidity to digital assets.
As bitcoin traders brace for one scheduled event after another, the data suggests there is less to worry about unless you trade one-minute BTC charts.
The Standard Chartered-led consortium entered a strategic collaboration with the Solana Foundation, aiming to bring its HKDAP stablecoin to the Solana ecosystem and enable native minting and redemptions on the Solana blockchain, targeting retail, local, and international adoption.
Binance’s wallet breach involved approximately $296 million in XRP transfers, blockchain investigators found. Ripple froze stolen RLUSD during the response, and the exchange subsequently said its XRP customer balances were fully backed.
Michael Saylor expects the crypto industry to strengthen security after Binance’s $6.3 billion hack. The Strategy executive chairman also backed the exchange’s commitment to use its own balance sheet to make customers whole. Saylor Sees Lessons From Binance Security Failures Strategy Inc.
President Donald Trump said U.S. officials were looking into Binance’s $6.3 billion hack and acknowledged the exchange’s recovery assurances. The FBI subsequently attributed the theft to North Korea and warned of further laundering.
The reported $6.3 billion Binance breach may have rewritten cryptocurrency’s record books in dollar terms, but measuring digital heists in bitcoin paints a strikingly different picture.
Next Technology Holding, the 18th-largest publicly traded corporate bitcoin holder at press time, has authorized the sale or pledging of its approximately 5,833 BTC following Binance’s major security incident. The company’s decision reflects mounting concerns about exchange vulnerabilities, international cyberattacks, and quantum computing.
Crypto Twitter on the social media platform now called X has found its latest villain-turned-comedian in Kim Jong Un. Following the colossal Binance breach, images of the North Korean dictator celebrating an imaginary payday have spread across nearly everyone’s timeline.
Bitcoin ETFs suffered $643.33 million in net outflows Friday, wiping out four consecutive days of inflows and pushing the week into negative territory. Ether and solana also faced heavy redemptions as the Binance hack triggered a fresh bout of risk aversion across crypto markets.
A $6.3 billion crypto heist has handed Washington a fresh regulatory fight. One federal watchdog wants exchanges to volunteer for oversight, while a Republican senator argues Congress already missed its chance to give the industry stronger defenses against thieves.
Binance said 10 cryptocurrencies were fully backed after replenishing 90% of stolen assets. The exchange is sourcing less liquid tokens to close the remaining shortfall while targeting a Sunday withdrawal restart.
Bitcoin’s founding paper proposed a way to send money without a bank. Eighteen years later, its reach spans Wall Street funds, government reserves, and an unresolved question about who will pay to keep the system secure.
The ride-sharing giant used a tokenized money market fund to earn 1.5 days more yield on its investment by selling the assets on Sunday rather than Friday, as institutions traditionally do. Franklin Templeton, HSBC Holdings, and Fireblocks collaborated in this test.
Crypto is confronting a dangerous collision between increasingly valuable digital assets and artificial intelligence (AI) systems that can automate phishing, vulnerability research, and credential theft at machine speed.
Wall Street analysts are telling clients to buy the dip after the $6.3 billion Binance hack, and Bitwise CIO Matt Hougan expects bitcoin’s price to recover fairly soon.
Binance has started buying back the tokens lost in its $6.3 billion hack, and onchain data shows wallets associated with Ethena sent 128.63 million ENA worth about $24 million to the exchange.
Claims that the $6.3 billion Binance hack was an inside job are spreading across X as the exchange holds back its proof-of-reserves results until Monday, Nov. 2.
An Israeli-Russian citizen accused of stealing $2.8 million in digital assets, has been extradited to the U.S. after Israel’s Supreme Court rejected his final appeals.
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