Binance has raised the coverage of funds stolen in the hack to 90% after allocating more than $6.34 billion in company funds to compensate for the losses, according to the company.
All BTC, ETH, BNB, SOL, USDT, USDC, XRP, USD1, RLUSD, and ZEC assets are now backed at 100%.
The remaining 10% consists of coins outside the top 10 assets by market cap. These are less liquid and take longer to purchase through the market and OTC.
Binance confirmed that the financial losses will be borne by the company, not users, according to the company.
Compensation was provided through:
• Part of the SAFU Fund • Part of the Futures Insurance Fund • Binance's own treasury
Their Proof of Reserves was also updated as of October 31.
🚨 Withdrawals are currently suspended and are expected to resume tomorrow, Sunday. We expect to see very large withdrawals from both retail and institutional investors, so be cautious with your trades.
The Pumpfun platform is always finding new ways to rob you 👌
Recently, they announced Gacha Packs, meaning you can open Pokémon packs and packs of expensive or cheap watches, and leave it to luck to see what you get—in other words, 100% gambling.
The problem is, after they announced this product, people went crazy and started losing huge amounts of money, hoping they’d get lucky and win a Rolex watch, for example.
Imagine: 5 wallets spent more than 1M$ million dollars, and not a single one of them won.
Someone bought two Ledger devices from different MediaMarkt stores in Europe and filmed themselves unboxing them, only to discover spyware inside the devices—again.
Even more alarming, both devices had identical modifications, including extra cables and an LTE communication module. This raises suspicions that there may be a wider supply-chain issue.
• Saturn and MediaMarkt have more than 1,000 stores across 11 European countries.
• The devices came through Aqipa GmbH, which is suspected of being a distributor of the devices in Europe.
• Both devices were sent to Ledger for analysis, along with a demand that the company immediately recall the products.
⚠️ If you bought a Ledger from a European or Asian distributor, be careful and check your device immediately 👌
🚨🚨 Have we entered altcoin season (Altseason) because of the current rally?
The Altseason Index has reached 63, its highest level so far in 2026. At the beginning of the year, it was only at 14, and a month ago it was at 23. So the rise is clearly noticeable—but does this mean we’ve entered Altseason? 🤔
In my opinion, not yet. The level needed to confirm altcoin season is 75+, along with Bitcoin dominance falling below 55%.
Bitcoin dominance is currently at 58.6%.
Here are some of the strongest Top 100 coins over the past 90 days:
$PUMP $QNT $RAY $ENA $ZEC $NEAR $ARB $UNI
An index reading of 63 means the market is approaching altcoin season, but it hasn’t officially arrived yet. So be cautious of people claiming that this is altcoin season already. If you’re holding coins, take profits in stages. That’s all 👌
Can you withdraw your money from Bitget now after the hack that happened, and what is the connection between the hack and the $NEAR coin drop?
You can withdraw them currently only on the Ethereum and Bitcoin networks 👌
• About 9023 ETH was withdrawn from the platform, but in return 9674 ETH was deposited—which I consider a good thing
• And more than 4100 BTC was withdrawn yesterday smoothly
Withdrawals for the rest of the networks and coins will be released in the coming days, and personally I kept a portion of my funds on the platform and didn’t withdraw them 👌
The NEAR network, whose system is called Shield, rejected transfers worth 50M$ million from the funds associated with the Bitget hack and froze a 503K$ $ amount during a transaction
Investors were shocked by the freeze because they thought the Near network was decentralized, and there was a reaction to the coin, and it fell
🚨🚨 The current drop isn’t only on $BTC—it’s across the markets in general
🔻The US market has lost nearly $1 trillion
🔻And in the last 4 hours, long holders were liquidated worth 274M$ million dollars
What is the reason for the drop?
• The yield index for US 10-year bonds reaching 5.04%, the highest level since 2007
• A statement by the Iranian president that Iran will not surrender
Mashallah, many analysts were expecting the Iranian president to make such a statement, and they expected the bond yield index to jump to the highest level 🤡
If you ever feel like your investment decisions are always bad, just remember our friend Justin Sun 😂💔
• Bought a banana taped to a wall for 6.2M$ million dollars, then ate it
• Paid 4.57M$ million dollars to have dinner with billionaire Warren Buffett
• Invested more than 75M$ million dollars in the $WLFI token sale, then Trump’s team froze his tokens and they’re still frozen to this day, and he filed a lawsuit against them
• Bought 19M$ million dollars worth of Trump’s $TRUMP coin and the coin dropped 💔😂
• Paid 4.5M$ million dollars as a dowry for his wife and her family, and in the end he sued them to recover his money
Despite these bad decisions, he is a billionaire and his wealth is around 8.5B$ billion dollars. He is considered the king of staking and monopoly. CZ had previously prevented him from participating in the $SUI coin launchpool because he deposited millions of dollars just to get most of the coins for free 😂
🚨 One of the most severe and strongest hacks in the history of crypto platforms—most people forgot this 🚨
In February 2025, @Bybit_official suffered the largest trading platform hack, where about 1.46B$ billion dollars were stolen from a single cold Ethereum wallet by the Korean group Lazarus Group.
What’s even stranger is that it wasn’t just the hack volume—after just a few hours, the platform was still operating normally, withdrawals continued as usual, and more than 350,000 withdrawal requests were processed. Then Bybit announced that operations returned to normal within less than 12 hours.
After that, the platform began covering the shortage in reserves through Bridge Loans, deposits from major investors, and OTC operations, and it fully closed the ETH gap in about ~72 hours.
Even an independent Proof of Reserves report confirmed that customer assets became backed 1:1, with coverage of some key assets even exceeding 100%.
The shock was absorbed, and the platform continued running normally and very professionally despite the terrifying breach.
Is the platform you trade on able to absorb the event without going bankrupt or collapsing?
• Quarterly revenue reached 96.2B$ billion dollars, up about 65% compared to the same period last year, exceeding Wall Street expectations, and the stock recorded a loss of -4% due to the news
And after the company projected revenues of about 108B$ in the coming quarter, which is also higher than analysts’ expectations, the stock erased all losses and rose from 204$ to 200$
Revenue growth of 1278% over the past four years 😯