【After the $6 billion incident, $643 million flowed out of the market first】
The FBI has confirmed North Korea’s involvement in the $6 billion Binance hack and asked the DeFi community to block BTC, ETH, and SOL addresses. According to reports, in the aftermath of the incident, Bitcoin ETFs saw net outflows of $643 million in October. Responsibility has been confirmed, but the full details of the losses have not.
THORChain paused swaps across 10 networks, including Solana, due to a block reorganization vulnerability, which did indeed slow the hackers down. In practice, cross-chain users, liquidity, and platform risk controls were affected: demand is still there, but cross-chain availability broke down first. The logic still works, but friction and costs will rise. Chainalysis says the hackers have already used thousands of addresses, and that number will continue to grow; blocking them is not the end of the story.
SOL is currently at $94.06, down 1.5% in 24 hours and 7.4% over 7 days, and 68% below its ATH; FGI is 37, in fear territory, with a weekly average of 40. It hasn’t reached “extreme fear” yet; this looks more like a post-steep-drop
The FBI has confirmed North Korea’s involvement in the $6 billion Binance hack and asked the DeFi community to block BTC, ETH, and SOL addresses. According to reports, in the aftermath of the incident, Bitcoin ETFs saw net outflows of $643 million in October. Responsibility has been confirmed, but the full details of the losses have not.
THORChain paused swaps across 10 networks, including Solana, due to a block reorganization vulnerability, which did indeed slow the hackers down. In practice, cross-chain users, liquidity, and platform risk controls were affected: demand is still there, but cross-chain availability broke down first. The logic still works, but friction and costs will rise. Chainalysis says the hackers have already used thousands of addresses, and that number will continue to grow; blocking them is not the end of the story.
SOL is currently at $94.06, down 1.5% in 24 hours and 7.4% over 7 days, and 68% below its ATH; FGI is 37, in fear territory, with a weekly average of 40. It hasn’t reached “extreme fear” yet; this looks more like a post-steep-drop
