Key Highlights: Binance France will halt all deposit services on November 29, leaving withdrawals as the sole remaining platform function before accounts permanently close on December 31. Remaining balances after November 29 will incur a monthly maintenance fee of 0.025%, subject to a minimum charge of 10 $USDC. The shutdown follows the expiration of Binance ...
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: Binance co-CEO Richard Teng confirmed that the record $6.3 billion security breach involved multiple compromise points beyond an initially suspected employee laptop. Attackers deployed a self-destruct mechanism to destroy forensic evidence and leveraged Ethereum’s EIP-7702 account-delegation feature to bypass hot wallet approval protocols. Binance has paused customer withdrawals while overhauling infrastructure, with a ...
Key Highlights: Binance suspended user withdrawals following an overnight cyberattack targeting one of its hot wallets. Initial unconfirmed estimates indicate that up to $5.7 billion in cryptocurrency assets may have been compromised during the security incident. Binance co-founder He Yi confirmed that withdrawal transactions will remain halted until the security environment is completely verified. Binance ...
Key Highlights Reports from media outlet Protos indicate a potential withdrawal freeze at cryptocurrency exchange Binance following suspected unauthorized activity. Binance has not yet issued an official statement either verifying or refuting the reported suspension of fund withdrawals. Industry protocol often involves freezing outgoing transactions as a protective buffer, meaning an operational pause does not ...
Key Highlights Datavault AI (DVLT) shares plummeted by nearly 50% following disclosures of trapped bitcoin reserves and upcoming financial restatements. The company revealed it has been unable to withdraw its bitcoin holdings from cryptocurrency exchange Biconomy since June. The halted withdrawals stem from a complex $150 million transaction involving Scilex Holding Company, subsidiary Semnur, and ...
Key Highlights: Kraken has revoked recent customer inquiries regarding what clients planned to do with their funds post-withdrawal, confirming no action is required from those contacted. Leadership reaffirmed support for Monero, confirming the privacy token will stay listed and accessible for trading and self-custody withdrawals where permitted. The exchange maintains that traditional source-of-funds verification remains ...
Key Highlights: A newly established cryptocurrency whale address accumulated 1,292,895 UNI, valued at roughly $9.6 million, since October 11. The latest transaction involved a withdrawal of 600,005 UNI—worth an estimated $4.28 million—from the Binance exchange. With an average withdrawal price of $7.42 per token, the whale currently faces roughly $300,000 in unrealized losses as market ...