Key Highlights: Gate has introduced a new security metric called Proof of Storage and Execution Control (PoSEC) to demonstrate how reserve assets are protected against hot wallet breaches. The exchange reported $8.69 billion in total reserves—representing 118.49% of customer deposits—with cold storage coverage alone standing at 104.58%. Reserve holdings are undergoing an independent audit and ...
Key Highlights Coinbase reinforced its internal controls, confirming that no individual employee possesses standing access to production wallet signing mechanisms and that customer deposits are kept strictly at a 1:1 backing. As of September 30, the platform held $377 billion in custody alongside strong liquidity reserves, including $8.6 billion in cash and cash equivalents. The ...
Key Highlights: Binance has deployed internal reserves—including SAFU, surplus Futures Insurance Funds, and corporate treasury capital—to cover more than $6.34 billion in attack-related losses. A newly updated Proof-of-Reserves (PoR) snapshot was conducted, with full cryptographic zero-knowledge verification for 10 key cryptocurrencies slated for release by Tuesday, November 3. Security and infrastructure reviews are underway with ...
Key Highlights: An unauthorized party drained over 18,270 Bitcoin (BTC)—valued at roughly $1.4 billion—from a Binance hot wallet in 11 transactions late Thursday. The perpetrator routed the stolen funds through a classic peel chain within block 973,732, dividing the haul into 19 individual destination wallets. Seventeen of the receiving wallets hold precisely 1,000 BTC each, ...
Key Highlights: Blockchain intelligence firm Arkham estimated substantial unauthorized outflows impacting Binance across nine networks, with Ethereum accounting for $3.739 billion of the total drain. Stablecoin issuers responded swiftly, freezing over $1.768 billion in USDT and $824.56 million in USDC, though Arkham estimates around $2.9 billion in cryptocurrencies like BTC, ETH, and SOL remains movable. ...
Key Highlights Circle and Tether froze approximately $318,000 in stablecoins (218,023 USDT and 99,990 USDC) held in a wallet labeled “Bitget Exploiter 8” on Etherscan, linked to Thursday’s $351.6 million Bitget exchange hack. The frozen assets represent a small fraction of the total haul; blockchain analytics firm MistTrack confirms other exploiter addresses still hold over ...