#BinancePick The latest news surrounding Binance highlights two major ongoing developments:
1. Binance Pick Campaign & Leaderboards
• Campaign Dates: The Binance Pick prediction campaign officially launched on October 21, 2026 (following Early Bird reservations starting October 19), and runs through November 15, 2026.
• Rewards: Participants complete daily tasks and submit virtual or simulated market predictions to earn scores and climb leaderboards for a share of a prize pool worth up to 1,000,000 USDC.
• Access: The Prediction Market task is powered via Binance Wallet and Predict.fun, with availability varying by region.
2. Aftermath of the October 2026 Security Heist
• The Hack: On October 29/30, 2026, Binance suffered a major cyberattack resulting in the theft of approximately $6.3B–$6.43B in cryptocurrency (attributed by the FBI and analytics firms like Elliptic and TRM Labs to North Korean-linked actors known as "TraderTraitor" via a social-engineering and fake job-interview scheme).
• Asset Replenishment & Withdrawals: Binance used internal and reserve funds to cover roughly 95% of the affected/stolen user assets and began a phased resumption of network withdrawals starting November 1, 2026 (beginning with Bitcoin and 14 other networks).
• Laundering Status: According to Elliptic updates in November 2026, about $2.85 billion of the stolen funds (mostly stablecoins) was frozen or seized quickly by issuers like Tether and Circle, while roughly $3.11 billion remains unlaundered in attacker-controlled addresses, with complex automated-bridge movements ongoing across chains like Tron, Ethereum, and THORChain.
1. Binance Pick Campaign & Leaderboards
• Campaign Dates: The Binance Pick prediction campaign officially launched on October 21, 2026 (following Early Bird reservations starting October 19), and runs through November 15, 2026.
• Rewards: Participants complete daily tasks and submit virtual or simulated market predictions to earn scores and climb leaderboards for a share of a prize pool worth up to 1,000,000 USDC.
• Access: The Prediction Market task is powered via Binance Wallet and Predict.fun, with availability varying by region.
2. Aftermath of the October 2026 Security Heist
• The Hack: On October 29/30, 2026, Binance suffered a major cyberattack resulting in the theft of approximately $6.3B–$6.43B in cryptocurrency (attributed by the FBI and analytics firms like Elliptic and TRM Labs to North Korean-linked actors known as "TraderTraitor" via a social-engineering and fake job-interview scheme).
• Asset Replenishment & Withdrawals: Binance used internal and reserve funds to cover roughly 95% of the affected/stolen user assets and began a phased resumption of network withdrawals starting November 1, 2026 (beginning with Bitcoin and 14 other networks).
• Laundering Status: According to Elliptic updates in November 2026, about $2.85 billion of the stolen funds (mostly stablecoins) was frozen or seized quickly by issuers like Tether and Circle, while roughly $3.11 billion remains unlaundered in attacker-controlled addresses, with complex automated-bridge movements ongoing across chains like Tron, Ethereum, and THORChain.
