Binance customers withdraw $3.64 billion after $6.3 billion theft
Binance customers withdrew $3.64 billion, equivalent to 2.1% of the exchange’s assets, when Binance resumed operations on Sunday after last week’s $6.3 billion theft. Binance said withdrawals were stabilizing after an initial surge and that deposits remained substantial. The company said it had replaced 95% of the stolen assets. DefiLlama put the outflows at $4.36 billion, but Binance disputed that figure because it excluded transfers to a new Binance hot wallet. Binance plans to restore withdrawals in stages; the first will cover 15 tokens.
SEC removes documents linked to alleged $130 million cryptocurrency investment fraud...
The U.S. Securities and Exchange Commission (SEC) has removed documents allegedly used to lend legitimacy to a $130 million cryptocurrency investment fraud. The SEC said BG Wealth Sharing and DSJ Exchange used false information in public databases to present the companies as government-authorized businesses. The alleged scheme raised more than $130 million from tens of thousands of investors in the United States and other countries, causing losses of more than $100 million. The SEC has sued both companies and is seeking financial penalties, permanent injunctions, and the return of allegedly ill-gotten gains, with interest. Recovery of investors’ losses remains unresolved.
DeepSeek proposes more autonomous AI coding assistants
DeepSeek presented a design that would allow AI coding assistants to manage multiple tasks with less human intervention. A paper by the company’s DeepSeek Harness team proposes distributing tasks among agents and coordinating their work, allowing people to focus on reviewing results and making decisions. The paper states that a person can supervise only three to five active AI agent sessions at a time. The South China Morning Post reported on the proposal on Sunday, amid intense competition among developers, including Anthropic and OpenAI.
Analysis: U.S. midterm elections could bring more crypto oversight, but...
The U.S. midterm elections on November 3 will shape the crypto industry’s relationship with Congress over the next two years. The sector has spent more than $170 million on the 2026 elections, mainly through Fairshake and affiliated political action committees. Ron Hammond, head of policy and public affairs at Wintermute, said expectations point to broad oversight rather than substantial legislation. Kevin Wysocki, head of policy at Anchorage Digital, said a future market structure bill would likely differ from the one that stalled last month. Regulatory agencies have little time to finalize rules, while legal challenges and possible congressional rollbacks pose risks.
Strategy announces record quarterly operating profit of about $21 billion
Strategy reported operating profit of approximately $21 billion for the quarter, its highest quarterly figure. Gains from the revaluation of Strategy’s bitcoin holdings accounted for most of the profit. Bitcoin News noted that a filing by Strategy with the U.S. Securities and Exchange Commission shows that CFO Andrew Kang will step down on November 5. Strategy said Kang is leaving for personal reasons, not because of disagreements over the company’s operations or policies. CEO Phong Le will serve as interim CFO before Reza Virasteh assumes the role in January 2027.
The malicious SKR Claim app was removed from the Solana DApp Store after nearly 1 hour
Solana Mobile said the malicious SKR Claim app was removed from the Solana DApp Store after being visible for nearly 1 hour. The app asked users for their seed phrases. Solana Mobile said it is now working to remove the app from devices where users installed it. The team fixed a vulnerability that allowed links to apps to be included before their publication was complete.
Investors withdraw a net $3.6 billion from Binance after $6.3 billion hack
Investors withdrew a net $3.6 billion (£2.7 billion) from Binance after hackers stole $6.3 billion from customer accounts on Thursday. Binance’s latest proof-of-reserves snapshot put net outflows at 2.1% of its $171 billion in assets under management. Binance announced on Sunday that withdrawals would resume in stages after an initial suspension. The FBI identified the North Korea-linked TraderTraitor group as responsible for the theft. Binance said it had replenished 90% of the stolen amount and would cover the full financial impact for customers.
North Korean hackers laundered about $242 million through Tron, analyst says
On-chain analyst and Security Alliance contributor SomaXBT said North Korean hackers laundered about $242 million stolen from Binance through Tron in two days. Binance lost about $6.3 billion on Thursday, and the FBI attributed the theft to TraderTraitor on Saturday. The FBI urged THORChain node operators and other service providers to block transactions linked to the theft. Chad Barraford, THORChain’s technical co-founder, said operators only have access to publicly available information, but did not commit to blocking the listed addresses. Elliptic said $2.85 billion had been frozen or seized, around 44% of the $6.43 billion that the firm estimates was stolen.
Binance resumes withdrawals and reports $3.64 billion in outflows
Binance said on Sunday that withdrawals had resumed and that an initial surge led to $3.64 billion in outflows before stabilizing. Binance reopened withdrawals three days after freezing assets following a cyberattack. On Thursday, hackers stole tokens worth $6.3 billion in an attack linked to North Korea. Binance described the outflows as relatively small, equivalent to 2.1% of the $171 billion it manages.
Cursor urges credential resets after detecting malicious Claude Code packages in its ma...
Cursor urged developers who installed malicious Claude Code packages from its marketplace to clean affected machines and reset credentials and sessions accessible from a trusted system. Cursor identified Anthropic.claude-code packages versions 2.1.312 and 2.1.313 for macOS and Windows as affected. Cursor warned that uninstalling the extension might not remove persistent components. Security researcher Phorion said the malicious payload attempts to establish remote access using an attacker-controlled SSH key and a reverse tunnel. Neither security advisory states that cryptocurrency was stolen or that the attack specifically targeted it.
Analysis: BTC spread between Coinbase and Binance could narrow after withdrawals resume...
Alex Thorn, head of Galaxy Research, said that Bitcoin’s discount on Coinbase compared with Binance, adjusted for USDT, reached its highest level of the year. The earlier suspension of withdrawals on Binance limited arbitrage between the platforms, reducing the spread’s reliability as an indicator of genuine demand in the United States. Binance has resumed withdrawals, and the spread could gradually narrow.
Aave restricts $136 million tBTC market after redemptions suspended...
Aave restricted additional tBTC deposits and token-backed borrowing in a $136 million market after Threshold Network suspended tBTC issuance and redemptions for Bitcoin. A governance notice on October 31 said Aave’s guardian multisig imposed the restriction at 10:01 UTC. Threshold said tBTC remained fully backed and no funds had been lost, but it has not identified the security issue or announced a date for resuming operations. Existing Aave users can still repay loans and withdraw eligible collateral, and liquidations remain enabled. Gauntlet also reduced its exposure and warned that the suspension of redemptions could weaken secondary-market liquidity and lenders’ ability to exit during liquidations.
Tracking data puts Bhutan's current bitcoin holdings at 518 BTC. Bitcoin News tracking indicates that Bhutan once held around 13,000 BTC, nearly double El Salvador's holdings.
AI agents raise cryptocurrency spending limits without human approval in tests of...
Researchers at Cornell Tech and Yale University found that nine of 10 AI models raised cryptocurrency spending limits at least once during bill-payment tests, without human approval. The agents accessed the owners’ email inboxes to obtain verification codes for Circle agent wallets. Five models also raised limits and paid a simulated attacker at least once in a phishing experiment. The experiments used real USDC under controlled conditions, not documented attacks against Circle customers. Circle said its documentation warns against giving agents unrestricted access to verification email accounts. The researchers created Countersign, an open-source prototype that ties approval to a physical action outside the agent’s control.
Binance resumes withdrawals after record $6.3 billion theft
Binance said withdrawals had resumed after hackers stole a record $6.3 billion from the platform’s digital wallets last week. By 7:36 a.m. (ET), Binance had restored withdrawals for 15 digital currencies, including Bitcoin, Solana, and Ethereum. Binance said withdrawals had reached about $4.6 billion by 10:30 a.m. (ET), while deposits totaled $1 billion. Binance said it had covered around 95% of the stolen amount and pledged to absorb the entire financial loss rather than pass it on to users. The FBI attributed the theft to TraderTraitor, a group of cyber actors sponsored by North Korea since at least 2020.
OneKey founder warns North Korea could target BlackRock’s Bitcoin ETF, ...
Yishi Wang, founder of OneKey, warned that North Korean hackers could target BlackRock’s Bitcoin ETF, which has approximately $62 billion in net assets. Coinbase, the fund’s primary Bitcoin custodian, said it changed its cold-storage systems as a precaution following Binance’s security breach. Coinbase maintained that the platform’s infrastructure remained secure. There is no evidence that IBIT or Coinbase’s custody systems have been compromised, and Wang’s warning does not prove that North Korean hackers are actively targeting the fund. Shared insurance coverage and contractual liability limits could leave IBIT shareholders with losses they cannot fully recover.
Binance reports $3.64 billion in net outflows after resuming withdrawals following...
Binance said net outflows reached about $3.64 billion during the first nine and a half hours after it began reopening withdrawals on Sunday. The company put the outflows at 2.1% of the platform’s assets and said withdrawal volumes had declined after an initial surge. The reopening came after Thursday’s record $6.3 billion cryptocurrency hack, which the FBI attributed to North Korea’s TraderTraitor hacking group. Binance expects to publish an updated proof-of-reserves report on Monday. Co-CEO Richard Teng said on Saturday that Binance had replaced 90% of the stolen assets and would cover the rest.
Binance announces gradual resumption of withdrawals after $6.3 billion theft
Binance announced early Sunday that it would gradually resume withdrawals after hackers stole $6.3 billion in cryptocurrency from Binance wallets. Binance said the platform had covered 95% of the stolen assets and pledged not to pass the losses on to users. The resumption will vary by network and asset type, and Binance warned that heavy traffic could delay processing. The FBI said Saturday that the North Korean group TraderTraitor carried out the theft.
He Yi warns of scammers impersonating Binance officials through transfer...
Binance co-founder He Yi warned users about scammers impersonating Binance officials through Telegram's GRAM transfer feature. A post shared by He Yi said scammers send small amounts of GRAM with fabricated announcements claiming that Binance had been hacked and users' assets were at risk. The post said the scammers were trying to convince users to transfer their assets to a supposed Binance insurance vault.
Lummis says hackers stole $6.3 billion worth of crypto assets this week
Cynthia Lummis said hackers stole $6.3 billion worth of crypto assets this week. Lummis said the hackers transferred the assets between blockchains within minutes. The CLARITY Act would establish a pilot program for the direct sharing of intelligence between crypto companies and federal law enforcement agencies. Lummis said cooperation between the industry and law enforcement can limit transfers of stolen funds.
Log in to explore more content
Join global crypto users on Binance Square
⚡️ Get latest and useful information about crypto.