Binance hit by $6.3 billion breach, the largest crypto theft on record
Attackers got into the exchange's hot-wallet signing systems. Investigators point to North Korea, and Binance says it has set aside $6.34 billion to cover losses.
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Security
The Binance hack paradox: centralisation let it happen, and also froze $3 billion
The theft has reopened the debate over whether decentralisation is crypto's best defence, with Standard Chartered saying it could speed a shift to decentralised exchanges.
Security
Chainalysis, the firm that tracks crypto hackers, reports a security incident of its own
The blockchain analytics company has brought in outside experts to review its systems and strengthen its defences.
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Uniswap opens its TJAR fee tool to other apps, with Robinhood first in line
The tool converts collected fees into a chosen token. Robinhood uses it for stablecoin fee receipts, but the design leaves an arbitrage profit for the fastest traders.
- Security
Bitcoin slips about 3% after the Binance hack, a far smaller hit than in 2018
Crypto-linked stocks fell harder, led by Coinbase, while several Wall Street firms called the breach a problem at one exchange rather than across the industry.
- Markets
Tether reports $1.5 billion Q3 profit as its reserve buffer nears $8 billion
The USDT issuer's excess reserves almost doubled, and the bitcoin it holds was valued at $8.37 billion at the end of September.
- Markets
Coinbase earns $719 million in Q3 but misses revenue forecasts as users drop
Recurring revenue grew, but a fall in users and new executive share-sale plans weighed on the exchange in a difficult week for crypto stocks.
- Policy
Texas brothers sentenced to 15 years over $8 million crypto home invasion
Raymond and Isiah Garcia held a Minnesota family at gunpoint for more than nine hours and forced the father to transfer the funds.
- Security
EIP-7702 explained: the Ethereum upgrade caught up in the Binance hack
A 2025 feature that lets ordinary wallets run code did not cause the breach, experts say, but it may have helped the attacker get past withdrawal controls.
- Security
Binance traces breach to an engineer's laptop and finds more ways in
The exchange says the attack took several steps, that evidence was erased, and that it aims to restart withdrawals on Sunday.
- Markets
Strategy books $19.5 billion quarterly profit as its finance chief steps down
The bitcoin-holding company reported a record quarter, moved its preferred shares to daily dividends and says it can raise up to $30 billion more without selling new common stock.
- Security
Blockchain analysts point to North Korea's TraderTraitor in Binance theft
Chainalysis and TRM Labs tie the $6.3 billion hack to the same group blamed for the Bybit attack, and stolen funds from two exchanges appear to meet at one address.
- Crypto
Binance pledges $6.34 billion to make users whole as reserve data shows a gap
The exchange says it holds about $5 billion in the same tokens that were stolen, while its own reserve figures suggest ether backing is short until losses are replaced.
- Security
Israel extradites alleged Nomad bridge exploiter after ruling that a code flaw can be 'intrusion'
Israel's Supreme Court found that exploiting a software bug can count as breaking into a computer, even when the system allowed the transaction.
- Crypto
Zcash grants body offers $124 million compromise, but critics want governance changes
Zcash Community Grants proposes redirecting funding toward miners. Opponents say the plan does not address who controls the money or how it is accounted for.