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cryptoRUNEBinanceNorth Koreacybersecurity
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Related tickers and likely impact
RUNE/USDT
▲ Likely positiveTHORChain
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $207.0M |
| Close on 11/03/2026 | 0.63200 |
| Change that session | +13.26% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- THORChain’s RUNE jumps 13% after Binance’s record $6.3B hack
RUNE rose more than 13% to $0.67 from a local low of $0.59 at 12:20 a.m. UTC, according to TradingView data, after Binance confirmed the $6.3 billion hack. Onchain investigator ZachXBT said funds stolen from Binance and Bitget's September hack passed through THORChain and were combined at the same Ethereum address, and that the Bitget attack was attributed to North Korea-linked TraderTraitor. TRM Labs and Chainalysis also linked the Binance hack to the group. North Korean hackers had previously used THORChain to launder funds from the $1.4 billion Bybit hack and the $388 million Bitget hack. THORChain rejected Bitget CEO Gracy Chen's call to block the attacker's addresses, saying it cannot block individual swaps, though node operators can pause trading across a blockchain or the network. Validator TCB threatened to leave unless the protocol stopped processing North Korea-linked funds.
- RUNE rallies 15% as THORChain restarts most swaps after halt
THORChain has restored trading on Bitcoin, Ethereum and several other networks after a weekend halt, while BNB Smart Chain, Cosmos Hub and Solana still show warnings. According to CoinMarketCap, the RUNE token traded around $0.64 on Wednesday, up approximately 15% over the previous day. The disruption began when a one-block Ethereum reorganization removed a 10 ETH deposit that THORChain had already credited; after a swap failed its price limit, the protocol issued refunds against funds its vault never received, causing an extra 10 ETH payout and an automatic pause. Chainalysis said the pause had inadvertently delayed laundering of funds stolen in the $6.3 billion Binance hack by North Korean hackers.
- THORChain halts swaps after block reorg bug, slowing Binance hackers
THORChain node operators paused swaps involving assets on 10 networks, including Bitcoin, Ethereum, Solana and Tron, after a refund bug surfaced during an Ethereum block reorganization at 11:34 UTC on Saturday. A 10 ETH deposit that THORChain had credited was removed by the reorg, yet the protocol still refunded it while also refunding the sender's actual deposit, creating an extra 10 ETH payout that triggered an automatic pause. The team warned that a malicious actor could exploit this mismatch during future block reorganizations on external chains. According to Chainalysis, the halt also delayed North Korean hackers' laundering of funds stolen in last week's $6.3 billion Binance hack, since they could not swap through most of THORChain's bridges. Meanwhile, the FBI urged node operators and DeFi services to block transactions tied to addresses used by TraderTraitor, and founder John-Paul Thorbjornsen opposed shutting the protocol down in response to pressure over illicit funds.
- Binance hack may be ‘temporary setback’ for crypto, Grayscale’s Pandl says
Grayscale's head of research, Zach Pandl, said the $6.3 billion Binance hack could be a temporary setback for crypto confidence but should ultimately push exchanges toward stronger security. He highlighted institutional custody, noting that US-based crypto exchange-traded products hold assets at state-chartered banks and qualified custodians, using offline storage, multi-signature wallets, SOC attestations and insurance. Binance pledged to cover all customer losses, the FBI attributed the attack to North Korea, and Kim Yo Jong dismissed the allegations as “absurd rhetoric.” Bitcoin fell below $77,000 and BNB lost more than 8% over 24 hours, but total crypto market capitalization rebounded 2% over the past 24 hours to about $2.63 trillion by Wednesday, still roughly $100 billion below its Oct. 28 level. Bitwise's André Dragosch told Cointelegraph that recent outflows from US spot Bitcoin ETFs reflected a short-term risk-off environment rather than a structural change in institutional sentiment.
- Five Ways North Korea Breaks Into Crypto Firms—and How Binance Was Hacked
Alleged North Korean hackers drained $6.3 billion from Binance in just 20 minutes, the largest crypto hack on record, according to the exchange. The attackers compromised an engineer's work computer through a fake job interview, used an internal AI tool to take over other engineers' computers, and then hijacked an internal wallet signing service with stolen credentials. The article also describes other tactics linked to North Korean groups, including fake employees, fake job interviews and poisoned code libraries, and Binance said it detected and prevented 57 suspected North Korea-linked cases in 2026. One group reportedly infected at least 30,000 devices in more than 100 countries between December 2025 and July 2026, took funds or credentials from over 7,000 crypto wallets, and moved around $10.71 million to North Korea. One estimate attributes 60% of all losses last year to DPRK-linked groups.
- Binance traces $6.3B hack to fake job interviews, compromised AI tool
Binance's postmortem says the attackers spent months inside its systems, starting with a tampered package an engineer installed while setting up an AI coding tool. Later, fake recruiters tricked another engineer into running a malicious file disguised as a coding assignment, and the hackers used the compromised machines to gain deployment credentials and plant malware in the wallet infrastructure on October 29. They then accessed the wallet-signing service to move funds outside normal withdrawals, and exploited Ethereum's EIP-7702 to keep unauthorized transfers going after withdrawals were suspended. About $6.3 billion was affected, with $2.85 billion frozen or intercepted, and Binance said it would absorb the losses and had replenished 98% of affected token assets as of October 31. The FBI attributes the attack to North Korean hackers, which Kim Yo Jong, sister of Kim Jong Un, denied.
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Many large technology companies surged on Wednesday after Democrats won a major victory in the midterm elections, flipping both the House and Senate. During trading, Amazon rose 8%, Google over 6%, Microsoft 4%, Meta 3%, and Apple nearly 7%. David Kelly of JPMorgan Asset Management said a divided government would bring moderation in growth and inflation and less uncertainty. By contrast, stocks tied to Trump advisor Elon Musk and the AI data center buildout fell, with Tesla down 2%, SpaceX down 3%, Nvidia down just over 1%, and CoreWeave down 10%. Voters opposed AI data center measures in 40 of 41 local ballot measures, and 56% of voters in a CNBC poll said data centers were a crucial or major factor in their vote.
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- Is Kimberly-Clark the Safest Dividend Stock You Can Buy Now?
The article describes Kimberly-Clark, maker of Kleenex tissues and Cottonelle toilet paper, as having a long record of reliable dividends: it has raised its dividend for 54 consecutive years and paid dividends for 92 consecutive years, earning Dividend King status. Net income was $1.7 billion in 2023, $2.5 billion in 2024 and $2 billion in 2025, and the dividend yields 4.7% at the current share price. The company closed its Kenvue acquisition on Nov. 2, but 2025 sales of $16.4 billion fell 2.1% from $16.8 billion in 2024. The author concludes it is about as safe a dividend stock as there is, while noting acquisition risks and the sales slump that investors should be aware of.
- Nvidia Stocks Decline 1.35% as $108 Billion Guide Sets the Next Revenue Hurdle
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- Own an AI or Tech ETF? Arista’s Big Quarter Just Paid Off
Arista Networks shares rose 5.7% to $179.59 on Wednesday morning after third-quarter results showed revenue of $3.66 billion, above the $3.33 billion consensus and up 58.5% year over year. Non-GAAP EPS was $1.20 versus a $1.08 estimate, and the company guided fourth-quarter revenue to $3.90–4.00 billion and expects 2027 growth of 38% to 40%. The stock had fallen 13.39% over the past month before the report. The article notes that the effect on an ETF depends on its Arista weighting: XLK held 0.98% of net assets and FTEC 0.84%, while AIQ and QQQ showed no Arista position in their latest holdings reports. The author suggests that investors seeking AI networking exposure through a fund should check its holdings report rather than rely on the “AI” in its name.
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