$6 billion Binance hack sends bitcoin, ether tumbling; Standard Chartered expects more pain

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• Binance hacker splits $1.4 billion of bitcoin into 19 wallets that no one can freezeCoinDesk·30/10, 04:50• BTC/USDTbitcoincryptocybersecurity
• More than $5.5 billion in crypto stolen as Binance faces biggest hack in history

  Binance may have lost more than $6 billion in crypto in an attack that analysts describe as the largest in the industry's history. Chainalysis estimates the losses at $5.9 billion and TRM Labs puts them above $6 billion, while some security experts suggest the actual figure could be between $2 and $5.5 billion; the exchange has not disclosed the cause or total losses. Binance halted deposits and withdrawals and has frozen about $3 billion in related assets, with Tether, Circle and Ripple also freezing funds. Founder Changpeng Zhao said the incident appears to be a cyberattack and that user assets are safe, while co-founder Yi He said the company will cover all losses. Bitcoin fell about 2% to $77,646, BNB dropped more than 8% over 24 hours, and Coinbase shares fell 4.8%.

  CafeF·30/10, 03:48▼ BNB/USDT▼ BTC/USDT▼ ETH/USDT▼ SOL/USDTcryptoBinancebitcoin
• USD 5.6 billion leaves Binance wallets within minutes: World's largest crypto exchange suspected of hack, possibly the biggest theft in history

  Shortly after midnight on October 30 (Vietnam time), billions of dollars in digital assets moved from Binance's hot wallets to unknown addresses, with on-chain estimates exceeding USD 5.6 billion, though figures vary widely between sources and no official confirmation has been issued. Etherscan data show the attacker exploited EIP-7702, an Ethereum feature that lets a regular wallet delegate control to a smart contract, to drain the Binance 14 wallet, and the source of the authorizing signature remains unclear. Binance said user funds are safe, temporarily suspended withdrawals on several networks and is investigating. Tether, Circle and Ripple froze funds, and Binance confirmed a verified total of USD 2.54 billion frozen, though ETH cannot be frozen. Binance's SAFU fund holds 15,000 BTC, about USD 1.19 billion, and in 2019 the exchange fully covered losses from roughly 7,000 BTC stolen from a hot wallet.

  CafeF·30/10, 02:46▼ BNB/USDT▼ BTC/USDT▼ ETH/USDTcryptobitcoinBinance
• Binance may have lost $5.7 billion in the largest hack in history

  According to data analytics platform Arkham, about 5.7 billion USD has been moved out of wallets linked to Binance. However, the exchange has not confirmed the scale of the losses or whether users' funds are affected.

  VnExpress·30/10, 01:52▼ BNB/USDT▼ BTC/USDT▼ ETH/USDTcryptoBinancebitcoin
• Binance hack rattles crypto markets as BNB falls 7%, Bitcoin slides

  Cryptocurrency markets fell sharply on Thursday after reports of a potential multibillion-dollar hack involving Binance wallets unsettled investors. BNB dropped 7.2% over 24 hours to about $702, while Bitcoin fell 3.1% to about $78,674 and Ether slid 4% to about $2,263. Blockaid identified approximately $3.3 billion in suspicious transfers, and Arkham Intelligence tracked about $5.84 billion in assets held by wallets labeled “binance-hacker-1029,” though neither figure is a confirmed theft amount. Binance said it was investigating and that user funds were “completely safe,” while Tether and Circle said they had frozen more than $2.3 billion in stablecoins linked to the incident.

  Cointelegraph·29/10, 23:24▼ BNB/USDT▼ BTC/USDT▼ ETH/USDTcryptobitcoinBinance
• Circle, Tether freeze funds impacted by potential Binance 'security issue'

  Circle and Tether froze roughly $1.8 billion in funds tied to a potential hack of Binance, the largest crypto exchange by daily trading volume. Binance has not confirmed an exploit but said it is investigating “a potential security issue” and that user funds are completely safe. Circle CEO Jeremy Allaire said more than 800 million in USD Coin was frozen, while Tether's CEO said the firm froze more than 1.5 billion of its stablecoin. Bitcoin fell more than 3% below $80,000, and Circle shares dropped about 5% in off-hours trading.

  CNBC·29/10, 22:17▼ BNB/USDT▼ BTC/USDT▼ ETH/USDTcryptobitcoinstablecoins

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