Crypto Decoders

🇨🇳 China steps up its fight against corruption involving cryptocurrencies and blockchain

The Communist Party of China has called for a tougher crackdown on corruption schemes involving cryptocurrencies, blockchain, the internet, and cross-border financial transactions.

The measures were discussed at a plenary session of the CPC Central Committee, which concluded on October 29. Authorities also intend to investigate international corruption schemes more actively and recover assets transferred abroad illegally.

📊 The scale of the campaign is impressive: since 2012, China has opened 8.1 million anti-corruption cases, and nearly 7.9 million people have been punished. In 2025 alone, more than 500 cross-border corruption cases were investigated.

❗️This is about combating the illegal use of digital assets, not introducing a sweeping new ban on blockchain technologies.

🦊💰 MetaMask opens access to Stellar for its users

The largest non-custodial crypto wallet, MetaMask, has officially integrated Stellar (XLM) as a default network. The announcement was made at the Meridian 2026 conference.

MetaMask users can now interact with XLM and other Stellar assets directly in the mobile app and browser extension—without installing a separate wallet.

Source: Official Stellar press release

#XLM

😄 The Binance hacker made a $5 million mistake while selling altcoins.

He sold 908 793 #PROM (~$5 million) into an almost empty Uniswap V2 liquidity pool and received just 0,0316 #ETH ($71).

The FBI confirmed that North Korea is responsible for the Binance hack and is urging DeFi platforms, including Thorswap and RPC, to block transactions from the Binance hackers.

👨‍👧‍👧The September RLUSD reserve report shows $2.524 billion in reserve assets backing 2.4 billion tokens.

These assets are backed by U.S. Treasury securities, money market funds, and cash deposits.

💪Transparency and trust from institutional investors matter.

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🚨💰 Binance has restored 90% of the stolen assets — withdrawals are expected to resume on November 1

The exchange said that the 10 largest crypto assets, including BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC, are once again backed by 100% reserves.

To cover the shortfall, Binance used funds from the SAFU fund, excess reserves from the futures insurance fund, and its own corporate funds.

💰 The company also promises to replenish SAFU to approximately $1 billion at a later date.

📅 Withdrawals are expected to resume on November 1, as previously announced.

Restoring reserve coverage does not mean that 90% of the stolen cryptocurrency was recovered from the hackers.

📊 U.S. XRP ETFs saw inflows of +$4.32 million last week.

👀 There were outflows on two of the five days, with the largest recorded on Monday, despite all the news from Ripple Swell. Yesterday's outflow was only -$496.50 thousand.

For comparison: Bitcoin saw outflows of -$202.59 million for the week, all of it on yesterday. Ether saw outflows of -$431.53 million, with outflows continuing throughout the week.

🪙 You can view all XRP ETFs on the XPMarket.com/etf page.

❗️ In addition to XRP ETFs (exchange-traded funds), there are also several XRP ETPs (exchange-traded products), which are mainly backed not by XRP but by its derivatives — that is, they don't buy or hold XRP.

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😐 According to Yishi Wang, a representative of hardware wallet manufacturer OneKey, the largest spot Bitcoin ETF, IBIT, may already be on North Korean hackers’ list of potential targets.

💰 The fund holds approximately 815,000 BTC worth $63 billion. Coinbase is responsible for custody of the bitcoins. Wang estimates that a $6 billion theft would mean the loss of around 9.5% of the fund’s assets. Meanwhile, Coinbase’s insurance coverage totals $320 million and is shared among its clients.

The main risk is that stolen bitcoins cannot be frozen by the issuer, unlike centralized stablecoins.

Source: Yishi, OneKey

🗓 The week ended with a market rout, a record-breaking Binance hack, and a political crisis in Poland

🇺🇸 US: The Nasdaq lost 2% for the week, while the S&P 500 fell 0.6%. On Friday, the Nasdaq plunged 2.9%, and Intel shares crashed nearly 29%. Investors are questioning whether the huge spending on AI will pay off.

🇨🇳 China: The CSI 300 index lost 8.5% in October, its worst performance since 2016. The tech-heavy STAR 50 fell 5.5% on Friday, and the sector has shed hundreds of billions of dollars in market capitalization since its summer peak.

🥇 Precious metals: Gold fell as much as 3.1% to $3,897 an ounce, its lowest level in a year. Silver dropped 6%, falling below $50.

🔓 Cryptocurrencies: Binance reported a hack with preliminary losses of $6.3 billion. About $3 billion was frozen, and the exchange promises to cover users’ losses.

🇵🇱 Poland: Police entered the Constitutional Tribunal building, and its president was suspended. The court called the events a coup d’état, and the president urgently returned to the country. The situation remains a political and legal crisis.

🛢 Oil: Brent topped $117 amid tensions surrounding Iran.

Bottom line: The sell-off hit stocks, cryptocurrencies, and even safe-haven assets. Markets are heading into November amid growing uncertainty.

#macro

✅ Flare becomes a recommended XRP Ledger validator

The Flare validator has been added to the XRPL Foundation’s recommended validator list (UNL).

XRPL nodes using this list will now take Flare’s votes into account when validating new ledgers and voting on network updates.

This strengthens Flare’s role in ensuring the reliability and development of the XRP Ledger and reaffirms the project’s long-term commitment to the XRP ecosystem.

💰 Binance allocates over $6.34 billion to cover the impact of the hack

Following the largest-ever hacking attack, the exchange announced that it had set aside funds to compensate affected customers.

🔹 Over $6.34 billion — the total amount of funds set aside.
🔹 $5 billion — already held in crypto assets affected by the hack.
🔹 Around $3 billion — stolen assets that were frozen with the help of token issuers and partners.

Binance promises to cover all losses using its SAFU fund and its own reserves. Withdrawals are temporarily suspended while a security review is underway.

🇯🇵 Japan to test XDC Network in government project to combat fake news

SBI XDC Network APAC and Socialpath have been selected to participate in a project run by Japan’s Ministry of Internal Affairs and Communications.

✅ The technology based on XDC Network is planned to be used to verify the authenticity of information published by financial institutions.

Blockchain will make it possible to confirm who published the information, where it was posted, and whether it was changed after publication. To do this, Socialpath has developed specialized NFT verification mechanisms.

The project is part of a government program to combat disinformation. A total of 13 companies and organizations have been selected for fiscal year 2026.

XDC Network will serve as the technology platform for the trials, while SBI will support implementation and engagement with the financial sector.

Source: SBI XDC Network APAC

#XDC

🚨 12 crypto projects attacked in one week. Losses — nearly $5.8 billion

According to DefiLlama, security incidents were recorded on 12 crypto platforms from October 23 to 29.

💸 Biggest losses:
• Binance — $5.78 billion
• X100 — $4.75 million
• Polymarket — $2.7 million
• Initia — $2.6 million
• Fence Finance — $1.01 million
• Bloom Trading Bot — $953 thousand
• zkLink Nova — $783 thousand
• Predict. fun — $400 thousand

Hifi Finance, Zilliqa X-Bridge, Myriad Markets, and Yapeswap were also affected.

Virtually all the losses were incurred by Binance. The exchange itself estimates the scale of the attack at $6.3 billion, of which around $3 billion was frozen.

The attacks affected not only wallets, but also smart contracts, bridges, governance systems, and platform infrastructure.
Source: DefiLlama

#hack

🚨 Suspected spyware implant found in Trezor Safe 5

Trezor reported a suspicious device found inside a Safe 5 hardware wallet purchased from CryptoBilis via Tokopedia in August 2026.

According to the researcher, an additional circuit board with an antenna and a mobile communications module was installed inside. It can read the seed phrase from the screen and transmit it to attackers over a cellular network.

CryptoBilis was previously an official Trezor seller in Southeast Asia. The company lost its authorization on October 9 following a similar scandal involving Ledger wallets.

So far, one suspicious Trezor Safe 5 has been identified. No cases of funds being stolen from Trezor wallets in connection with this incident have been confirmed. The manufacturer is continuing its investigation.

Source: Official Trezor announcement

#hack

🫣Binance may have been hacked

⚠️ A large transfer of funds from one of Binance's wallets has been recorded

~ 2.53 billion $ in more than 60 tokens on Ethereum

https://etherscan.io/tx/0x53bd38b816c23e74134786c29a8c18d792777998a3b9326047b583100e88e2f3

🇺🇸👨‍👧‍👧 Ripple co-founder poured more than $22.5 million into U.S. elections

Chris Larsen, chairman of Ripple’s board of directors, donated more than $22.5 million to support candidates and political committees in the 2026 election cycle.

Among the politicians he supported was Democrat Abdul El-Sayed.

😁These were Larsen’s personal political donations, not Ripple’s spending.

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💰 Curve Finance launches on the Stellar network!

One of the largest DeFi protocols for swapping stablecoins, Curve Finance, has announced its launch on Stellar.

This is Curve’s first full deployment outside the EVM ecosystem.

The integration will let Stellar users swap stablecoins through Curve liquidity pools, expanding DeFi opportunities on the network.

#XLM

🇷🇺🚫 KuCoin is ending services for users in Russia and Belarus

The crypto exchange has officially announced that it will stop providing services to users in the two countries.

Customers should check the restrictions on their accounts and the withdrawal deadlines specified in the exchange’s notice.

🇰🇷🚨 Bithumb confirms data leak affecting 6,444 customers

The South Korean crypto exchange revealed new details about the October 27 hack.

Of the 6,444 affected customers, data belonging to 5,600 was encrypted, while information on 844 people was exposed. 715 employees and partners were also affected.

The stolen information included names, phone numbers, account numbers, and identity documents.

The exchange’s trading system was not directly affected, and no cryptocurrency theft has been reported.

Source: official Bithumb statement

#hack

🤖 CFTC chief: your fridge could earn cryptocurrency and buy groceries on its own

🇺🇸 Michael Selig said AI agents will be able to independently manage crypto wallets, trade, and pay for purchases.

“A fridge buying groceries with income from ETH staking or launching a memecoin is no longer science fiction.”

Selig also suggested considering KYA (Know Your Agent)—checking AI agents in a way similar to the banking KYC process.

... “the views I have expressed today are my own as chairman and do not necessarily reflect the views of the Commission.”

Source: CFTC — Selig’s speech

#regulation