Michael Saylor Sees Stronger Crypto Security After Binance’s $6.3 Billion Hack
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. (Nasdaq: M
XRP Hit First in Binance Hack: Five Wallets Drained in About Four Minutes
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. Five Payments Consolidated $296 Million Binance lost approximat
AI Gives Crypto Hackers Machine Speed as Billions Sit at Risk
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. Recent multibillion-dollar breaches are not all AI-driven, but security researc
Binance Starts Shopping for Stolen Coins as Ethena Ships $24M in ENA
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. Ethena Tokens Flow Into Binance Blockchain trackers flagged the transfers early on Oct. 31, writing: Binanc
Binance Inside Job Theories Explode Ahead of Monday’s Reserve Reports
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. Skeptics Question the Timing of Monday's Audit The doubts center on the order of events, as in its Oct. 30 update, Binance said it had cov
Israel Extradites Suspect to US Over $2.8M Crypto Hack
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. Federal Indictment and Extradition Request Alexander Block, an Israeli-Russian citizen accused of exploiting a vulnerability in the
Australia Casts Doubt on Retail Prediction Markets, Calls Them Bets
Australia’s corporate regulator cast doubt on the notion that prediction markets for retail clients are in the public interest, arguing the contracts have “all the features of a bet.” The statement stops short of a formal ban and came a day after ASIC Chair Sarah Court told senators that no predicti
Tether’s excess reserves nearly double to $8B as Q3 profit hits $1.5B
The stablecoin issuer’s US Treasury holdings are comparable to those of major foreign holders, while its Bitcoin reserves were valued at $8.37 billion at the end of September.
Binance hackers raced to move billions before it could be frozen
Attackers raced to convert stolen stablecoins into crypto that issuers could not freeze as industry players like Tether and Circle moved to immobilize billions of dollars in assets.
Binance Prepares to Resume Withdrawals, Unveils $6.3B Hack Recovery Plan
Binance is preparing to restore withdrawals in phases after its $6.3 billion hack, with reopening dependent on security checks. The exchange committed company funds to replace stolen assets while investigators expanded their review of the breach. Withdrawals Face Security Checks Before Phased Restar
Blockchain Revenues Plunge 30%, but a New Growth Engine Emerges
Global blockchain revenues are projected to decline year over year to $100 billion in 2026, down from approximately $140 billion in 2025. Despite the downturn, the DeFi and finance sector remains the dominant revenue generator, accounting for roughly two-thirds of the total, while blockchain infrast
Chainalysis identified previously unseen laundering patterns as attackers circulated stolen Binance assets through thousands of transactions, suggesting automated efforts to obscure the trail. Its investigation also linked the theft to North Korean hackers. Thousands of Transfers Point to Automated
Will gold’s ‘infinite mint bug’ make Bitcoin more valuable?
A US fusion startup says it has turned mercury into gold. Could a potential increase in the gold supply strengthen Bitcoin’s claim to be a better form of digital gold?