Morning Minute: Binance Hack Leads to Mass Outflows While FBI Opens Probe
Uptober was far from it, with the Binance hack punctuating a red month. Will November be better? Or will the Binance hack hang over crypto?
Uptober was far from it, with the Binance hack punctuating a red month. Will November be better? Or will the Binance hack hang over crypto?
Who better to judge a dispute between AI agents than a jury of different AI models? That’s the idea behind GenLayer, which is already issuing thousands of judgements each day.
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Binance’s SAFU Bitcoin wallet now holds about 7,500 BTC after a 7,499 BTC transfer linked to the hack, with no timeline for restoring the $1 billion fund.
The Bitcoin treasury firm also spent $208.2 million buying back its STRC preferred stock, cutting its USD Cash balance to $132.7 million.
Employees at an ICA Kvantum supermarket in Sjoebo, Sweden, unload spoiled food from the freezer units. | Image: Johan Nilsson / TT News Agency / AFP via Getty Images Grocery stores across Europe have been hit by another wave of suspected cyberattacks, reporting sudden changes in the temperatures of their fridges and freezers. Major supermarket … Read more
The watchdog has not named the jurisdictions under review. Initial findings on compliance with its crypto standards are due in June 2027.
Crypto exchange Gate said it froze two linked accounts as US investigators urged platforms to block transactions tied to the $6.3 billion theft.
The fix is on track for Wednesday after validator support briefly dipped and restarted the two-week activation clock. XRP itself is unaffected.
The Bitcoin payment software says attacks targeted versions 2.4.1 and older, days after it shipped an emergency fix for a critical flaw.
Elliptic tracked thousands of transfers, failed swaps and repeated transactions that suggest the hackers relied on scripts rather than AI agents.
Bitcoin fell 0.4% to around $77,900 since midnight UTC as Binance customers pulled a net $3.64 billion after withdrawals reopened and ETFs lost $643 million.
Bitcoin lost 7.3% in October 2026 after another decline the previous year, despite the month’s historically strong returns, as analysts reassess seasonal signals.
Ford said it’s making an “explicit commitment” to its customers that “their vehicle data is safe” with the company.
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Trezor cited July’s Coldcard attacks, in which strong passphrases helped protect some users whose wallet recovery information was compromised.
The medical report says there is nothing wrong. Every number falls within its expected range. No abnormality has been detected. The system has done what it was designed to do. And yet, on the morning before work, the body hesitates. It knows something that the report cannot describe. Or perhaps it knows nothing at all. … Read more
Binance saw $3.64 billion in net outflows in the first nine and a half hours after reopening withdrawals, or 2.1% of its assets, it said.
Opening an ecommerce store used to involve several separate projects. A seller needed a website, hosting, product pages, payment tools, marketing software, and a system for keeping track of orders. None of those tasks was impossible, but the number of services involved made a small online business surprisingly complicated to operate. Sellvia takes a more … Read more
The HKMA plans to bring regulated stablecoins into tokenized government debt trials, while HSBC says its RedCoin stablecoin has reached 50,000 users.
Bitcoin price action held its 100-day moving average into the monthly close as crypto markets braced for US midterm election and tech earnings volatility.
The company is starting with $366,000 worth of copper stored in Germany, hoping to build a market for investors to own and trade physical metal onchain.
Your look at what’s coming in the week starting Nov. 2.
OKX led cryptocurrency exchanges with $445 million in daily inflows, while Binance processed about $7 billion in net outflows.
The outflows followed a 45-hour withdrawal freeze after a $6.3 billion theft, with rival exchanges attracting deposits as customers regained access to their funds.
China’s Communist Party has named virtual currency and blockchain in a new anti-corruption call.
The $6.3 billion Binance breach has revived a debate over whether crypto exchanges are less secure than banks or simply harder to protect once hackers get inside.