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Binance Sets Aside $6.34B to Cover Hack Losses, CEO Says 'Your Assets Are Safe'
★ Top Story

Binance Sets Aside $6.34B to Cover Hack Losses, CEO Says 'Your Assets Are Safe'

Richard Teng said the attacker used a self-destruct mechanism and an EIP-7702 delegation that bypassed Binance's normal approval controls.

decrypt.co ·42m ago
Latest

Latest News

Technology

Elon Musk, CZ Trade Blows Over SpaceX Shares After $6.4B Binance Hack

After Musk appeared to mock Binance’s $6.3 billion hack, CZ reminded him that the exchange’s $500 million bet on his Twitter takeover is now worth over $1 billion in SpaceX shares.

decrypt.co52m ago
Bitcoin

Bitcoin risks worst October in 12 years as tech sell-off spreads to gold

Bitcoin circled $77,000 as crypto markets navigated US stock-market downside, while the gold price fell to its lowest in a year.

cointelegraph.com1h ago
Bitcoin

Strategy’s preferred-stock fix sets up renewed bitcoin buying, analysts say

Strategy fell after Q3 earnings, but StoneX & TD Cowen kept buy ratings, citing $4.83B cash reserve and more stable STRC preferred structure.

www.theblock.co2h ago
Ethereum

What is EIP-7702? The Ethereum Upgrade Behind the $6.4B Binance Hack

EIP-7702 lets ordinary Ethereum wallets run smart contract code, enabling batched and sponsored transactions. Here's how it works.

decrypt.co2h ago
Technology

Wall Street analysts urge investors to buy crypto stocks after $6.3 billion Binance hack

Analysts at Cantor Fitzgerald, TD Cowen and Compass Point say the $6.3 billion Binance hack is unlikely to derail the crypto market's recovery.

www.coindesk.com3h ago
Technology

Live updates: Binance says $6.34B set aside to cover hack losses

Follow live updates as Binance says $6.3 billion in assets have been stolen in a major hack. Around $3 billion in stolen funds have been frozen.

cointelegraph.com3h ago
Technology

Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.

cointelegraph.com3h ago
Bitcoin

Will gold’s ‘infinite mint bug’ make Bitcoin more valuable?

A US fusion startup says it has turned mercury into gold. Could a potential increase in the gold supply strengthen Bitcoin’s claim to be a better form of digital gold?

cointelegraph.com3h ago
Regulation

Binance says it has $6.34 billion ready to cover hack losses

Binance has allocated $6.34 billion to cover hack losses, while industry partners have frozen another $3 billion in affected assets.

www.theblock.co4h ago
Technology

Binance working with FBI to recover assets following $6.3B hack

Binance is working with law enforcement to recover $3 billion that is frozen, after setting aside more than $6.3 billion from the company’s funds to cover the shortfall.

cointelegraph.com4h ago
Regulation

Israel Extradites Alleged Nomad Bridge Exploiter to US Over $2.8M Theft: Report

Israel's Supreme Court ruled that exploiting a coding flaw can count as computer intrusion, even when the software allowed the transaction.

decrypt.co4h ago
Technology

Binance says it holds $5B in matching tokens to cover hack losses

The exchange said it set aside more than $6.34 billion to cover losses and would include the assets in its next proof-of-reserves report.

cointelegraph.com4h ago
Technology

Morning Minute: Binance’s $6.4B Hack Overshadows Hyperliquid’s Biggest Day

Just as Hyperliquid opened the door to a fully regulated perps offering inside the U.S., Binance suffered the biggest hack in crypto history.

decrypt.co4h ago
Technology

TRM and Chainalysis Tie $6.4B Binance Hack to North Korea's TraderTraitor

Both firms blame the group behind the Bybit hack, as Binance says it has set aside $6.34 billion of its own funds to cover user losses.

decrypt.co4h ago
Technology

Binance arranges $6.34 billion to cover losses from record crypto hack

Binance said it reserved its own funds to cover the $6.3 billion hack, including freezes of roughly $3 billion in stolen assets.

www.coindesk.com5h ago
Bitcoin

Here's how big bitcoin traders responded after the Binance hack hit

Your day-ahead look for Oct. 30, 2026

www.coindesk.com5h ago
Markets

Zcash grants group offers $124M compromise as governance backlash grows

Zcash Community Grants proposed redirecting about $124 million in existing and future funding toward mining rewards, but critics say the plan fails to address governance and accoun…

cointelegraph.com5h ago
Ethereum

Here’s how an Ethereum upgrade helped drain part of Binance’s $6 billion loss

On Ethereum, the attacker used a 2025 upgrade built to make ordinary wallets smarter, armed with 50 signatures from Binance's own wallet.

www.coindesk.com5h ago
Bitcoin

Bitcoin price metrics hint at rebound as $1.6B liquidations follow Binance hack

Bitcoin held above $76,000 after a $6.3 billion Binance hack and a tech-stock sell-off, as momentum indicators pointed to a possible rebound.

cointelegraph.com5h ago
Bitcoin

Crypto liquidations jump to $1.57 billion as Binance hack sends bitcoin, ether lower

Bitcoin traded near $77,350 after $6.3 billion Binance hack, with crypto futures liquidations jumping to $1.57 billion.

www.coindesk.com6h ago
Technology

EIP-7702 didn’t cause Binance hack, but may have amplified losses

Security experts said attackers could have drained Binance’s wallets without EIP-7702, but the Ethereum upgrade may have helped bypass withdrawal safeguards.

cointelegraph.com6h ago
Bitcoin

Binance hacker’s Bitcoin haul tops Coinbase’s corporate treasury

The attackers held 18,270 BTC early Friday, topping Coinbase’s reported corporate holdings, and an Ether stash exceeding 500,000 ETH.

cointelegraph.com6h ago
Technology

Trezor Warns CryptoBilis Buyers After Report of Hardware Implant in Safe 5

The hardware wallet manufacturer has yet to examine the device, but is treating the report as credible and told buyers to move their funds.

decrypt.co7h ago
Markets

MEXC Launches Canton 0-Fee Carnival with $1M Prize Pool

Mutsamudu, Comoros, October 30, 2026 – MEXC, a pioneer in 0-fee digital asset trading, announced the launch of the Canton 0-Fee Carnival together with Canton. From 10:00 UTC on Oct…

www.newsbtc.com7h ago
Technology

THORChain’s RUNE jumps 13% after Binance’s record $6.3B hack

North Korean hackers previously used THORChain to move funds stolen from Bybit and Bitget, prompting calls for the protocol to intervene.

cointelegraph.com7h ago
Bitcoin

Strategy CFO Andrew Kang resigns as company posts record operating profit

Andrew Kang’s departure comes as Strategy reports $21 billion in quarterly operating income and bitcoin holdings of 848,517 BTC.

www.coindesk.com7h ago
Regulation

USDD Reports Strong Treasury Performance, Growth in Key Metrics, and Ecosystem Expansion

30 October 2026 — British Virgin Islands — USDD has reported strong treasury performance in Q3 2026, alongside continued growth in key metrics, including circulating supply and tot…

www.newsbtc.com7h ago
Technology

Binance Finds 'Additional Points of Breach' in $6.3B Hack

CEO Richard Teng said the attack was "not a single 'one-click' action," as Binance confirmed about $3 billion has been frozen.

decrypt.co7h ago
Technology

Trezor warns CryptoBilis buyers to move funds over suspected implant

Trezor urged customers who bought devices from CryptoBilis since March to move their funds after a report of a suspected hardware implant.

cointelegraph.com7h ago
Markets

Coinbase Q3 net income jumps 66% as prediction markets gain traction

Bernstein analysts said Coinbase's expanding prediction markets and derivatives businesses helped offset weaker spot trading activity.

www.theblock.co8h ago
Technology

Trezor reports suspected hardware implant in Safe 5 sold by CryptoBilis

Trezor urged CryptoBilis buyers to migrate funds after receiving a credible report of a hardware implant inside a Safe 5 device.

www.theblock.co8h ago
Bitcoin

Live updates: Bitcoin falls to $77,000 as Binance exploit combines with tech woes

The $6.3 billion Binance hack added to crypto jitters, while weak earnings outlooks and mounting concerns over AI spending pushed the Nasdaq down more than 2%.

www.coindesk.com8h ago
Markets

Coinbase Says Customer Funds Safe After Analytics Vendor Contact-Data Incident

Coinbase said an incident involving analytics provider Amplitude affected contact information associated with a small subset of Coinbase customers. For.

www.newsbtc.com9h ago
Technology

Binance hacker dumps a little-known 2017 token and it crashes 90%

The hacker dumped FUN and other smaller tokens into markets too small to absorb large selling, leading to price crashes.

www.coindesk.com9h ago
Bitcoin

Bitcoin Slips Below $80,000 After Fed Holds Rates and Tech Shares Weaken

Bitcoin slipped below $80,000 in early October 29 trading as markets digested the Federal Reserve’s decision to leave rates unchanged and the accompanying.

www.newsbtc.com10h ago
Bitcoin

Bitcoin, ether and XRP selloff wipes out $1.5 billion in leveraged crypto bets

Bets on rising prices accounted for nearly 84% of forced closures, with Binance handling almost half the total. A rebound has since started catching short sellers.

www.coindesk.com10h ago
Ethereum

Ethereum Client Updates Address Certificate Risk in Teku and Besu

Ethereum software teams have published updates addressing trust-store exposure tied to compromised certificate-authority keys from eMudhra. For ETH.

www.newsbtc.com11h ago
Bitcoin

Strategy eyes more Bitcoin buys as Saylor touts $30B credit capacity

Michael Saylor says Strategy could create up to $30 billion in digital credit without new common-stock fundraising or further Bitcoin price gains, as the company plans more BTC pur…

cointelegraph.com11h ago
Technology

North Korea’s TraderTraitor linked to $6.3B Binance hack

TRM Labs said it has high confidence in the attribution, while ZachXBT identified stolen funds from the Binance and Bitget hacks converging at the same address.

cointelegraph.com11h ago
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