Topic Archive

#Binance hack

72 Stories Found

Coins•Oct 31, 2026

The $6.3 Billion Binance Hack Paradox: How Centralization Enabled the Attack but Saved $3 Billion

Key Highlights: Binance confirmed that roughly $3 billion of the $6.3 billion in affected funds has been frozen onchain following administrative interventions. Major stablecoin issuers Tether and Circle leveraged central smart contract permissions to blacklist addresses and halt the transfer of USDT and USDC. The freeze highlights the technological divide between centralized, permissioned stablecoins and ...

4 min readRead

Coins•Oct 31, 2026

Midnight Network’s NIGHT Token Surges 8.2% Amid Crypto Market Drop Following Binance Hack

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 ...

4 min readRead

Coins•Oct 30, 2026

Binance Allocates $6.34B to Cover Hack Losses and Outlines Withdrawal Timeline

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 ...

5 min readRead

Coins•Oct 30, 2026

Immutable (IMX) Drops 12% Amid Heavy Selling Pressure: Can Bulls Hold On?

Key Highlights Immutable ($IMX) tumbled 12%, breaking below the $0.12 mark to reach a low of $0.106 before staging a mild rebound. The selloff was primarily fueled by derivatives market risk-off behavior, evidenced by an 8.4% drop in Open Interest and a surge in perpetual contract selling volume on Binance. Spot market dynamics diverged as ...

4 min readRead

Coins•Oct 30, 2026

Binance Hackers Deploy ‘Never-Seen-Before’ Crypto Laundering Tactics

Key Highlights: Blockchain analytics firms Chainalysis and TRM Labs have linked the breach of Binance hot wallets to the North Korean cybercrime syndicate Tradertraitor. Attackers deployed valid signed authorizations to run malicious software, using Tornado Cash funding and rapid stablecoin-to-ether swaps to beat issuer blacklists. Binance set aside over $6.34 billion in internal reserves to ...

4 min readRead

Coins•Oct 30, 2026

Why AAVE Traders Must Watch $113 Support Level Following Binance Hack

Key Highlights: Aave ($AAVE) dropped 32.9% to $125.8 after an impressive 214.2% rally that lifted the token from $60 to $188 between June and September. Technical indicators on the daily timeframe have turned firmly bearish following a breach of the $140 support level and the $129 fair value gap, putting the $115 bullish order block ...

3 min readRead

Coins•Oct 30, 2026

Binance Hack Highlights Need for US Oversight of Offshore Exchanges, CFTC Chair Says

Key Highlights Regulators are leveraging the historic Binance security breach to advocate for a “federal option” bringing offshore crypto exchanges under CFTC oversight. Binance identified “additional points of breach” involving compromised signing infrastructure and an on-chain exploit via Ethereum’s EIP-7702, which transformed a hot wallet into a sweeper. While Binance has committed $6.34 billion to ...

4 min readRead

Coins•Oct 30, 2026

RUNE Surges 15% as Hackers Use THORChain to Launder Stolen Funds: What’s Next?

Key Highlights: Stolen funds tied to major security breaches at Binance and Bitget were routed through THORChain, pointing toward a single potential threat actor. THORChain experienced a massive surge in usage, pushing network fees to a weekly peak of $11K and driving RUNE trading volume up by more than 393%. Despite aggressive buying momentum that ...

5 min readRead

Coins•Oct 30, 2026

Binance Hackers Left Unable to Sell Stolen Altcoin Remaining in Their Possession

Key Highlights: The Allora team confirmed that none of the $ALLO tokens taken during the Binance security incident were sold or transferred out of the attacker’s wallets. An emergency protection mechanism embedded within the $ALLO smart contract was triggered immediately, neutralizing the attacker’s ability to move or liquidate the assets. Efforts to return all affected ...

3 min readRead

Coins•Oct 30, 2026

BNB Price Analysis: 10.5% Crash Threatens $674 Support Following Binance Hack

Key Highlights Binance Coin ($BNB) suffered a 10.5% downturn toward its September low range between $674.60 and $683 after failing to clear resistance at $750.47–$762.20. Despite reclaiming its 200-day exponential moving average (EMA) at $692.43, the token remains under pressure following a confirmed breakdown below ascending trendline support. Market analysts mark $674.60 as the decisive ...

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Coins•Oct 30, 2026

HYPE Price Defies Broader Market Slide Following Binance Hack

Key Highlights: Hyperliquid generated $38 million in outsourced revenue last month from third-party builders, driven by the network’s HIP-3 deployer framework. Intercontinental Exchange (ICE) and TradeXYZ are partnering with Hyperliquid to introduce perpetual futures to US institutional clients, pending approval from the CFTC. Despite broader crypto liquidation pressures tied to recent exchange hack fallout, $HYPE ...

6 min readRead

Coins•Oct 30, 2026

Quant (QNT) Crypto Plunges 50.5% From September High: Is It Time to Buy?

Key Highlights: Quant ($QNT) continues to test support near the 61.8% Fibonacci retracement level of $178.8 following a substantial September rally. A 4-hour market structure shift above $212.87 signals potential for an upside bounce toward $223.5, while a daily breakdown under $173.5 risks a slide to $126. Market sentiment remains fragile in the wake of ...

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