Key Highlights: Binance reopened withdrawals for over 62 tokens across networks like Ethereum and BNB Smart Chain starting November 5 at 04:00 UTC. Following a major security incident in late October 2026, the exchange recorded roughly $3.64 billion in net outflows on November 1. Binance has reportedly replenished approximately 95% of affected holdings using reserves, ...
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 Binance has issued an urgent warning against impersonation scams and paid withdrawal acceleration schemes following massive platform activity. The exchange processed $4.649 billion in withdrawals against $1.01 billion in deposits on Nov. 1, resulting in approximately $3.64 billion in net outflows across 15 reopened networks. A newly released proof-of-reserves snapshot from Oct. 31 ...
Key Highlights: OKX released its 49th Proof-of-Reserves report, showing a 9.66% surge in Bitcoin user holdings to 156,609 BTC and a 2.95% rise in Ethereum to 1.92 million ETH as of November 1. Tether (USDT) balances across the exchange dropped by 9%, shedding approximately 787 million tokens to settle at 7.96 billion tokens. OKB holdings ...
Key Highlights: Binance estimated its recent net outflow at 2.1% against $171 billion in assets under management from its October 28 reserve snapshot, while third-party trackers like DefiLlama and CryptoQuant reported conflicting figures due to different tracking windows and address labeling gaps. Internal transfers to Binance’s newly generated hot wallets appeared as external outflows on ...
Key Highlights: Blockchain intelligence firm TRM Labs identified billions in stolen crypto from Binance, attributing the massive cyberattack to the North Korean-linked group TraderTraitor. Binance is resuming customer withdrawals in phased stages contingent on individual network security checks, while confirming that 95% of impacted assets have already been replaced using internal reserves. The exchange affirmed ...
Key Highlights Binance is replenishing affected balances using its corporate treasury, excess futures insurance funds, and an upcoming deployment from its Secure Asset Fund for Users (SAFU). Security inquiries remain active, with Co-CEO Richard Teng noting breach points beyond an employee laptop, while analytics firms TRM Labs and Chainalysis link the attack to the North ...
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 was targeted in a record $6.3 billion security breach, successfully freezing approximately $3 billion of the compromised assets. Binance CEO Richard Teng confirmed that the exchange has allocated over $6.34 billion in internal corporate funds to ensure full coverage of customer losses. Privacy-focused blockchain Midnight outlined the mechanics of its $NIGHT utility ...
Key Highlights: Approximately $3 billion of the estimated $6.3 billion stolen from Binance has been frozen onchain, aided heavily by centralized stablecoin issuers. Binance has dedicated over $6.34 billion of its own capital to ensure full customer backing while ongoing security reviews continue to uncover additional breach points. Stolen Bitcoin was distributed across 19 separate ...
Key Highlights: Binance has covered 79.4% of the $6.3 billion exploit impact in kind using its emergency SAFU reserve and corporate treasury, leaving approximately $1.3 billion to be acquired via open-market and OTC purchases. Withdrawals remain frozen since October 29 but are slated to resume in phases within roughly 34 hours of Friday’s update, with ...
Key Highlights: Cryptocurrency ownership during bankruptcy proceedings hinges on platform user terms and contractual language rather than private key possession or on-chain control. Recovery specialists target rapid offshore provisional liquidations and freezing orders to secure digital wallet assets before management can move funds. Without regulated custodial segregation, proof of reserves offers misleading assurance, routinely leaving ...