Binance News

Binance CEO Yi He said on Friday, October 30, that the exchange’s own crypto holdings already match most of the tokens affected by its security incident, so only a small portion needs to be bought through on-exchange and off-exchange channels. The incident involved about $6.3 billion in assets, she said, and about $3 billion has been frozen with help from industry partners. Binance will use its own funds to match the affected assets in full.Most Affected Tokens Already CoveredYi He explained that Binance’s daily revenue and assets are held mostly in crypto, matching the majority of the tokens taken. That means Binance does not need to put the full $6 billion-plus into the market to buy new tokens. The exchange said earlier that $5 billion of its $6.34 billion reserve is already held in the exact tokens affected. Yi He thanked industry partners for their help in freezing assets.Withdrawals to Resume Within 42 HoursWithdrawals, paused for nearly a day to protect remaining assets, are expected to resume within the next 42 hours, Yi He said. The team is rebuilding the security environment and wallet settings and conducting security reviews. Withdrawals will reopen only once the environment is confirmed secure and user assets are protected.Proof of Reserves Update ComingBinance will update its Proof of Reserves in the coming days so users can verify their assets, Yi He said.Investigation and Next StepsThe security and technology team’s review so far shows the incident was a complex, multi-faceted attack, Yi He said, and Binance will proceed with extra caution. The exchange plans to publish a detailed technical security audit report and invite industry participants to help build shared security standards. Yi He said Binance will not stop pursuing the attackers, and will work with law enforcement worldwide to investigate the attack team and trace the stolen funds, while increasing its investment in security.

Binance CEO Richard Teng said the exchange will cover all losses from its security incident with company funds, having reserved more than $6.34 billion, $5 billion of which is already held in the exact tokens affected, including USDC, USDT, BTC, ETH and BNB. In a video message to users posted on X on Friday, October 30, Teng said customer funds were not affected, and shared new details about how the attack was carried out.“I want to be clear: we are committed to covering all hacked losses through our company funds,” Teng said. “Your assets are safe.”Built for the Long TermTeng said Binance can absorb a loss of this size immediately because of how it manages its own earnings. “Binance has always been built for the long term,” he said. “Most of what we earn from day-to-day operations is held in crypto assets. We have kept a lot of them in the company, and reinvested them — into the business, and into security. Because we believe in crypto, and in the long-term value of this industry.”That is why most of the affected tokens are already covered, Teng said. Binance is buying the remaining amount through market and OTC channels, and “the good news is that we are recovering stolen assets for users.”Customer Funds Were Not AffectedTeng addressed the question many users have been asking: how Binance can show their assets were not affected. “We never use any customer funds, so they are not impacted,” he said. “What was affected in this incident was Binance’s own hot wallet.”Under Binance’s security setup, most user assets are held in cold wallets and moved to a hot wallet only when a user makes a withdrawal. Teng encouraged concerned users to check their account balances and contact customer service with any questions.How the Attack Was Carried OutTeng said the attack was complex and not carried out by one person. Binance’s first findings pointed to a compromised laptop, and further investigation has uncovered additional points of breach.The attackers used EIP-7702, an Ethereum standard that lets a wallet delegate its execution to smart-contract code, to obtain on-chain execution approval over a Binance hot wallet. “That delegation did not pass through our normal approval controls,” Teng said. “That’s why we need to pause the withdrawal service to investigate, rebuild and retest the entire infrastructure system.”The attackers also used a self-destruct mechanism that “destroyed tooling and traces as they went,” he said, making the investigation harder. Binance is working with law enforcement, blockchain intelligence firms, token issuers and other exchanges to trace and recover the stolen funds, and about $3 billion has already been frozen with partners’ help. “We will do everything within our power to ensure that these bad actors will be held accountable,” Teng said.Withdrawals Expected Before SundayBinance is rebuilding its withdrawal service and will not switch it back on until it passes rigorous testing. “We are very hopeful that users will be able to withdraw prior to our Sunday deadline, which is on track to be within 40 hours,” Teng said.At the same time, Binance is running a full security review across the company, covering “endpoints, cloud, key management, signing. Everything.”Proof of Reserves by MondayOnce the remaining token purchases are complete, Binance will verify user assets through its Proof of Reserves. A full report is due by Monday, with an initial view possibly before then.Teng thanked industry partners, law enforcement and, “most of all,” users for their patience. “We will weather this storm,” he said. “Thank you for the support, and stay safe.”

Binance founder Changpeng Zhao (CZ) said the impact of an exchange hack should not be judged by its dollar size alone, arguing that the key question is whether the platform can cover the losses in full. In posts on X on Friday, October 30, he said the Binance incident is the largest in US dollar terms but not in bitcoin terms, and shared a comparison with the Mt. Gox hack.Binance vs. Mt. GoxAccording to CZ’s comparison, the Binance incident involved about $6.36 billion in mixed crypto assets, including about 18,270 BTC and 420,000 ETH. Mt. Gox lost 650,000 to 850,000 BTC between 2011 and 2014, worth $450 million to $500 million at the time but more than $50 billion at today’s prices.MetricBinance (Oct 2026)Mt. Gox (2011–2014)Value at the time~$6.36 billion~$450–500 millionAssets lostMixed crypto, incl. ~18,270 BTC and ~420,000 ETH~650,000–850,000 BTCShare of marketA fraction of the crypto market~5%–7% of all bitcoinValue today~$6.36 billion$50+ billion Market Impact and Who Bears the LossCZ said a better measure of market impact is the share of bitcoin’s supply involved, where Mt. Gox’s loss equaled 5% to 7% of all bitcoin at the time. He also pointed to how many users were affected: at Mt. Gox, then the largest exchange, and at FTX, nearly all users and their assets were hit.The most important question, CZ said, is who bears the loss and whether the platform covers it in full. In Binance’s case, he said, the platform is the only victim. Binance has reserved more than $6.34 billion of company funds to cover all losses.CZ acknowledged the incident is “still a major disaster for the industry, Binance (and me).” “It hurts, but we survive,” he wrote. “Most importantly, we protect our users.”

Binance has reserved more than $6.34 billion of company funds to cover losses from its recent security incident and has begun restoring affected assets to users, the exchange said in an update. The reserve exceeds Binance’s earlier estimate of about $6.3 billion in affected assets, and does not count a further $3 billion already frozen with the help of industry partners.$5 Billion Already Held in the Affected TokensOf the reserve, $5 billion is already held in the exact token assets that were affected, Binance said. The exchange is buying the remaining roughly $1.34 billion through market and over-the-counter (OTC) channels, so that users are repaid in the same tokens they lost. Binance said this step may take longer, because some tokens have low liquidity and OTC trades take time to settle.$3 Billion Frozen and Recovery UnderwayBinance said about $3 billion has been frozen so far and it is working with law enforcement, token issuers, blockchain intelligence firms and industry partners to trace, freeze and recover more. Frozen and protected assets are not included in the reserve figures and remain subject to recovery and verification. The exchange said it will continue using company resources to cover any confirmed shortfall.Public Verification Through Proof of ReservesAll user funds will ultimately be verified publicly through Binance’s Proof of Reserves, the exchange said, adding that it will share further verified updates as recovery progresses. “We will weather this storm,” Binance said. “Thank you for the support.”

Australian Securities and Investments Commission Chair Sarah Court said at a parliamentary hearing that the regulator had received no applications from prediction market operators. According to Odaily, platforms such as Polymarket may face strict regulation in Australia, and applications for operating licenses would be closely reviewed.
Court said prediction markets use trading mechanisms similar to binary options, which are prohibited in Australia: outcomes are all-or-nothing, and the underlying events often have no connection to investments or financial markets. Australian users can access overseas platforms directly, but are not protected by local financial regulation and may lack access to dispute resolution and safeguards for customer funds.

HKDAP, a Hong Kong dollar stablecoin, will launch on Solana with native minting and redemption. According to ChainCatcher, Solana said on X that Anchorpoint Financial Technology, a licensed Hong Kong stablecoin issuer established by Standard Chartered, HKT and Animoca Brands, is bringing HKDAP to the blockchain in its first public-chain collaboration.
The companies signed a memorandum of understanding covering HKD payments, products and tokenized assets. The Solana Foundation will join Anchorpoint’s Tokenised Money Adoption Programme as a strategic partner, alongside PwC.

Two Texas brothers, Raymond Christian Garcia and Isiah Angelo Garcia, were sentenced to 180 and 186 months in prison, respectively, for kidnapping a Minnesota family at gunpoint in September 2025 and extorting cryptocurrency. According to Foresight News, the U.S. Department of Justice said the men pleaded guilty in June 2026 and were sentenced on October 29.
Court documents say the brothers entered the victims’ home on September 19, 2025, restrained family members with zip ties and held them at gunpoint for more than nine hours while demanding access to the victims’ cryptocurrency accounts. After the initial transfer fell short of their expectations, they took one victim to a cabin in northern Minnesota to retrieve additional crypto storage devices and complete further transfers. The pair forced the victims to transfer more than $8 million in cryptocurrency before fleeing after the victims’ son called 911. They were later arrested near Houston, Texas.

Tether International, S.A. de C.V. released an assurance report prepared by BDO covering the third quarter of 2026, with data as of September 30. According to Odaily, Tether’s reserves totaled $191.5 billion at quarter-end, including $132.4 billion in direct and indirect U.S. Treasury holdings.
USD₮ issuance remained around $184 billion through the first three quarters, while cumulative net operating profit reached $4.5 billion. Third-quarter net operating profit was $1.5 billion, unchanged from the second quarter; U.S. Treasury securities and reverse repurchase agreements generated most of the revenue.
As of September 30, Tether reported total assets of $191.451 billion and total liabilities of $183.496 billion, leaving assets $7.955 billion above liabilities. Excess reserves increased to about $7.95 billion from $4.1 billion at the end of the second quarter.

BNB Chain said on Friday, October 30, that BNB Smart Chain, opBNB, BNB Greenfield and its bridge contracts were not affected by the Binance security incident, and that all services are operating normally with on-chain funds secure.

Strategy's Michael Saylor said bitcoin treasury companies are buying BTC at 1.6 times the amount miners produce, creating a supply shock. According to Odaily, Saylor said rising demand for BTC is pushing prices higher and improving the companies' credit and equity positions, enabling them to raise more funds and buy more BTC. He described the companies as cooperating in a virtuous cycle rather than competing with one another.

Uniswap, venture capital firm a16z and the DeFi Education Fund are seeking an exemption for decentralized finance activities under Illinois’ crypto tax rules. According to ChainCatcher, they argue that wallet withdrawals and cross-chain bridging should not be subject to taxes calculated based on asset value, and are calling for the removal of private-key recordkeeping requirements.

First Digital has blacklisted an attacker address holding about 3.4 million FDUSD. According to Foresight News, on-chain analyst Specter reported the action.

Starknet says account abstraction allows accounts to change their signature verification logic in place, enabling a switch to post-quantum signatures without a hard fork. According to Odaily, the network said in a post on X that this change would not alter an account’s address, balance, or history and would not require protocol modifications. Starknet noted that, as an Ethereum Layer 2, its settlement, data publication, and bridge functions still rely on Ethereum and elliptic-curve cryptography. Researching an independent Layer 1 could allow Starknet to set its own cryptographic approach and migration schedule. The independent Layer 1 remains a research direction; STRK remains the native token, and Starknet has no current plan to issue a new token. Any decision to migrate to Layer 1 would require a binding governance vote.

Binance Wallet announced on X that PREDICT Alpha trading has been postponed. The updated trading start time will be shared in an official announcement.

Binance said deposits remain unaffected and are operating as normal, while withdrawals stay paused as its team completes a security overhaul of the withdrawal service and related addresses. The exchange said in an X update that it expects withdrawals to resume within 48 hours and will provide further details.
The incident stems from multiple factors, according to the announcement. The security team is tracing the full attack path through a compromised computer that may have been the entry point. A comprehensive report setting out the root cause will follow.
Binance said it will continue to share updates through its official channels.

Strategy’s preferred-stock funding structure and liquidity have stabilized, potentially creating conditions for the company to resume Bitcoin purchases and increase its Bitcoin holdings per share. According to Odaily, analysts at StoneX and TD Cowen maintained buy ratings on Strategy, with price targets of $435 and $260, respectively. At the end of the third quarter, Strategy held $5.07 billion in dollar-denominated assets, including $4.83 billion in cash, enough to cover about 3.2 to 3.4 years of preferred-stock dividends and debt interest. The company spent about $2 billion repurchasing STRC preferred shares, helping their price recover to near the $100 par value. Strategy’s Bitcoin holdings per share have nevertheless fallen 3.7% this year, as funds went toward cash reserves and preferred shares rather than additional Bitcoin. Holders of STRC, STRF, STRK, and STRD preferred shares approved daily dividend accruals, effective November 1 for STRC and January 1 next year for the other three classes. Management said the change is intended to reduce volatility, improve liquidity, and broaden demand. TD Cowen said broader distribution channels and improved liquidity could eventually make it more efficient for Strategy to issue “digital credit” products.

Polymarket has launched 15-minute up-or-down prediction markets for gold and silver, expanding its offerings beyond cryptocurrency. According to Odaily, Chainlink said the markets are part of Polymarket’s expansion into other asset classes, with more commodities, stocks, and foreign exchange markets planned. Polymarket also named Chainlink its official oracle partner for the fast-paced up-or-down markets.

Machi Big Brother was liquidated eight times in six hours, and all positions were closed. According to Foresight News, Lookonchain reported that his Hyperliquid account had just $1.50 remaining.

Lisk, an Ethereum Layer 2 network, advised all LSK liquidity providers to temporarily withdraw liquidity from the ETH/LSK pool on Uniswap. According to Foresight News, the team will notify users when to add liquidity again.

Elon Musk and Mark Zuckerberg used “superintelligence,” a term promoted by U.S. President Donald Trump, on earnings calls, while executives at Microsoft, Amazon and Alphabet continued to say “AI.” According to Sina Finance, Trump signed a directive on September 29 requiring U.S. executive-branch departments and agencies to use “superintelligence” instead of “artificial intelligence”; this week, he called on Truth Social for “AI” to be barred from all relevant documents and other materials.
At last week’s earnings calls, Tesla and SpaceX adopted the term. Musk said at Tesla that some humanoid robots looked impressive but used neither advanced AI nor superintelligence; in early October, he had renamed the rocket company’s AI division SpaceXSI. At Meta’s October 21 earnings call, Zuckerberg emphasized the company’s goal of “providing personal superintelligence to everyone.” Meta had established its Superintelligence Labs the previous year.
Amazon CEO Andy Jassy repeatedly used “AI,” Microsoft CEO Satya Nadella described AI as one of the company’s three key priorities, and Alphabet CEO Sundar Pichai said AI investment was driving usage and overall user growth. In other communications, Microsoft’s annual report to shareholders used “superintelligence” eight times. IBM CEO Arvind Krishna used both “SI” and “AI,” while Intel CEO Lip-Bu Tan said superintelligence was behind unprecedented demand amid chip supply constraints.
Palo Alto Networks CEO Nikesh Arora called a White House meeting on superintelligence a milestone, and Nvidia CEO Jensen Huang praised the White House Superintelligence Accord.

Mirae Asset Financial Group increased its stake in Strategy (MSTR) by 24%, bringing its holdings to 168,634 shares valued at $21.8 million. According to Odaily, Bitcoin Treasuries reported the increase and described Mirae Asset Financial Group as South Korea’s largest asset manager, with a scale of $1 trillion. The investment increases the group’s Bitcoin exposure through Strategy, a Bitcoin treasury company.

Aave said on X that it will continue monitoring the situation and unfreeze all previously frozen V3 and V4 DAO operational markets as soon as possible. According to Odaily, the markets were frozen earlier.

Trezor said its security team considers a Trezor Safe 5 hardware wallet purchased through authorized Southeast Asian distributor CryptoBilis to be a suspected supply-chain attack. According to Foresight News, the device was bought on Indonesia’s Tokopedia e-commerce platform in August 2026 and reportedly contained an additional circuit board, a cellular communications module and an antenna that could read the device’s screen and transmit information over a mobile network.
Trezor has not received the wallet for laboratory testing, but said the user’s description and video interview made the report credible. No user funds have been reported stolen.
The company advised users who purchased hardware wallets through CryptoBilis since March 2026 to move their assets to a wallet created with a new recovery phrase.

Digital Assets Week will launch its Dubai edition on 4 February 2027 at the Dubai Exhibition Centre, with the Virtual Assets Regulatory Authority (VARA) confirmed as Host Partner. The one-day conference will gather financial institutions, investors, regulators and infrastructure providers to discuss tokenisation, stablecoins, custody, DeFi and institutional digital-asset adoption, according to BeInCrypto. Following editions in London, New York and Hong Kong, the series will announce its first speakers and participating organizations in the coming months.

An X user identified as DaN’SKi said Polymarket requires users affected by a security incident to disclose personal information and sign a legally binding agreement before receiving their funds. According to ChainCatcher, DaN’SKi said the requirement conflicts with the platform’s earlier promise of full compensation and questioned its legality; screenshots attached to the post showed a sample settlement and release agreement.
On Oct. 29, Polymarket said on X that a third-party service provider for its international platform, Polymarket.com, had been compromised, that the issue was identified and fixed, and that the incident had been referred to law enforcement. The platform said affected users would receive full compensation. After pausing trading, Polymarket announced that trading had fully resumed and said it would reimburse all affected traders.
CNBC reported that Polymarket told users on Discord that funds for users with losses below $10,000 would be restored by Oct. 30, while users with greater losses would need to sign a release agreement to receive compensation. Data analysis from Betting Intelligence and Polysights cited by CNBC showed that one account withdrew at least $2.7 million from 710 wallets that day. People familiar with the matter told CNBC that the incident stemmed from a breach of DebugBear, a website performance monitoring service, and that Polymarket referred it to UK law enforcement. Polymarket’s U.S. platform was not affected. In June, Polymarket also said a third-party vendor had been breached and pledged to refund affected users.

Nine newly created wallets received 1,900 BTC from Galaxy Digital over the past four hours, valued at $148 million. According to Odaily, Lookonchain reported that large holders continued buying BTC despite a market decline.

BSC AI platform AGENT ID has opened AI minting, with each Agent ID limited to 10 mints. According to Odaily, the protocol uses a process similar to Jagent with changes to its mechanics. Users are instructed to follow the official guide, have the AI check eligibility and estimate gas, then authorize and submit the transaction.

According to Jin10, U.S. President Donald Trump said inflation had fallen sharply under his leadership, people’s and businesses’ incomes had risen sharply, and America’s golden age had arrived.

The Shiba Inu team urged traders to take care after a $20 million liquidation wave hit SHIB within 24 hours. Longs absorbed $12.9 million of the total, according to BeInCrypto, while shorts lost roughly $7 million. Bullish bets outnumbered bearish ones 2.71 to 1, and futures volume reached $49.3 million versus $10.8 million in spot turnover. Exchanges recorded a net inflow of about 92.07 billion SHIB over 24 hours.

Alch-crypto said malicious actors are using poisoned Hugging Face repositories to secretly install PRL mining software. According to ChainCatcher, 31 repositories posing as small Qwen2 models install a PRL miner when users load them with trust_remote_code enabled; the miner can disguise itself as a system process, and some versions include a backdoor that allows remote control of the machine.
After the first batch of repositories was removed, the attackers reportedly relisted them under new accounts, where downloads have exceeded 32,000. The attackers’ first wallets received about 2,276 PRL and continued to receive funds after the repositories were taken down.
Alch-crypto advised users not to enable trust_remote_code for models from unknown sources. It also recommended checking processes if GPU usage rises unusually and keeping mining devices separate from machines used to run AI.

On Oct 30, 2026, 11:57 AM(UTC). According to Binance Market Data, BNB has dropped below 700 USDT and is now trading at 699.909973 USDT, with a narrowed 5.43% decrease in 24 hours.

Michael Saylor said on X that Strategy reported operating profit of $21 billion in the third quarter of 2026, its highest for any quarter. According to Odaily, the company also raised $21 billion through financing year to date, said STRC had returned to normal, and held 848,517 bitcoin, up 26% from the start of the year.

TRON network Super Representatives have launched a vote on Committee Proposal No. 108. According to ChainCatcher, the proposal would enable the smart contract storage optimization feature introduced in GreatVoyage-v4.8.2.4 (Empedocles), with the changes expected to take effect on November 2 if approved. The optimization is intended to improve the stability and reliability of contract storage operations. Nodes experiencing block synchronization issues should be checked for the v4.8.2.4 upgrade.

Circle has published a developer guide explaining how issuers can use its Cross-Chain Transfer Protocol (CCTP) to transfer ERC-20 tokens other than USDC across chains. According to Foresight News, issuers can deploy new native cross-chain tokens or configure existing ERC-20 tokens to connect to CCTP; both options use Circle’s messaging and attestation infrastructure and a burn-and-mint model. Issuers retain control over owners, operators, pause permissions, rate limits, and per-transfer caps, and Circle cannot take control of those settings. CCTP for non-USDC tokens launched in September 2026 and supports Ethereum, Avalanche, OP Mainnet, Arbitrum, Base, Polygon PoS, and Arc, but not non-EVM chains such as Solana.

Spot Brent crude briefly eased to about $116 a barrel on Friday, October 30, and was last at $115.87, still up 0.9% over 24 hours, according to market data. Brent has climbed about 5% since Monday, when it traded near $110, and is about $1 below last Friday’s high near $117.

Keystone has suspended all shipments and isolated affected devices at every warehouse it uses, including Amazon warehouses. According to Foresight News, the hardware wallet provider said it emailed all affected users from support@keyst.one and cautioned that incident-related emails will come only from that address. Keystone said it will never ask users for their seed phrases by email, direct message or phone. The company also shortened its logistics data retention period from 180 days to 90 days; users can contact customer support after receiving an order to request immediate data deletion. Keystone said it plans to announce further measures in the coming days.

Ripio’s CEO publicly acknowledged an error in the platform’s wARS token exchange. According to ChainCatcher, users had complained that the in-app exchange price was about 0.95 Argentine pesos per token, below the 1:1 parity level. Users later said the exchange rate had returned to parity. wARS is a wrapped token pegged to the Argentine peso, and the dispute concerned a pricing discrepancy in Ripio’s exchange process.

On Oct 30, 2026, 13:44 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 77,000 USDT and is now trading at 76,986.226563 USDT, with a narrowed 3.74% decrease in 24 hours.