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UNIBinance has used about half the Bitcoin in its Secure Asset Fund for Users, with SAFU holdings falling to about 7,500 BTC, worth $580m, as of 3 Nov from 15,000 BTC in February. Binance gave no timeline for replenishing the fund, which it plans to restore to around $1bn.
Binance uses about half of SAFU Bitcoin reserves with no refill timeline
NewsFeeds update
The story so far: South Korea FSC response to Binance hack
South Korea's FSC convened an emergency meeting with crypto exchanges after the Binance hack and looked at requiring higher cold-wallet holdings. Elliptic found no evidence North Korean hackers used AI in the $6.4bn theft. President Lee Jae Myung now calls for a cross-government cybersecurity body and the NIS…
Binance restores POL, USDT and USDC withdrawals on Polygon
Binance has restored withdrawals of POL, USDT and USDC on the Polygon network and of AVAX, USDT and USDC on the Avalanche C-Chain. The exchange says it will bring back more assets and networks in phases once security checks are complete.
Stablecoins
OdailyAIBullishBinance says withdrawal levels stabilising at normal, expected on-chain activity
A Binance spokesperson said withdrawal levels are stabilising back to what the exchange considers normal and expected on-chain activity, with withdrawals a very small share of assets under management.
SomaXBT says Binance attacker laundered about $242m via Tron in two days
SomaXBT, a chain analyst and SEAL contributor, said the attacker behind the Binance theft moved about $242m through Tron in two days. Of roughly $6.28bn of the stolen assets on Tron, about $249m remained movable after Tether froze 378.7m USDT, with about $194m bridged or swapped out.
Stablecoins
PANewsAIBearishBinance processes $4.65bn of withdrawals after resuming service following $6.3bn hack
Binance processed $4.65bn of withdrawals after resuming service following a $6.3bn hack, with net outflows reaching $3.64bn.
Altcoins
BloomingbitAIBearish
South Korea's FSC calls emergency meeting with crypto exchanges after Binance hack
South Korea's Financial Services Commission convened an emergency meeting with crypto exchanges following the Binance hack, and is looking at requiring higher cold-wallet holdings.
Regulation
Fu Sheng says Binance hack shows AI-era security weakness
Cheetah Mobile chairman and CEO Fu Sheng said the large theft from Binance reflects the fragility of traditional security strategies in the AI era rather than poor security at the exchange. Binance co-founder Yi He replied that fire precautions from the candle era cannot stop fires in the electric-light era.
Suspected Binance hacker deposits $250,000 to Gate over 12 hours
Lookonchain monitoring shows an address linked to the alleged Binance hacker (TTra...Ybr) deposited $250,000 to Gate over the past 12 hours.
Gate says it has identified and frozen two accounts tied to Binance hacker
Gate said it has identified and frozen two accounts linked to the Binance hacker, with the information now in due diligence and the exchange pledging full cooperation with law enforcement. Lookonchain had reported that the hacker deposited $250,000 to Gate over the previous 12 hours.
Regulation
OdailyAIBearishYi Lihua says Binance profit can cover hack losses
Liquid Capital founder Yi Lihua said Binance's earnings are enough to cover the losses from the recent hack, with asset safety and liquidity intact, unlike the FTX collapse. He said exchanges must show users a detailed security plan and stop repeat breaches.
Regulation
ChainCatcherAIBearish
Address linked to Binance attacker moves 40m XRP
An address linked to the Binance attacker moved 40 million XRP, worth about $50.5m, to an unknown wallet.
RUNE falls 20% as hackers are said to have routed Binance hack funds through Thorchain
RUNE, the token of cross-chain exchange Thorchain, fell about 20% in 24 hours and briefly dropped below $0.50. BlockBeats linked the decline to security and regulatory concerns after hackers reportedly moved part of last week's Binance hack proceeds through Thorchain, swapping about $48.3m across 2,697 transactions.
China's Mao Ning says she has no information on Binance attack or Trump's North Korea remarks
Chinese foreign ministry spokesperson Mao Ning said she was not aware of the matter when asked about the FBI's 31 October statement blaming North Korea for the Binance hack, in which about $6.3bn of assets were stolen, and about Donald Trump's remarks on it.
Regulation
Binance Bitcoin wallet balance falls for fourth day, down over 23,000 BTC since hack
CoinGlass data shows Binance's Bitcoin wallet balance at about 652,300 BTC, down roughly 23,200 BTC from about 675,500 BTC on 30 October, when the exchange was hacked. The balance fell about 15,894 BTC in the past 24 hours, possibly as withdrawals opened.
Arkham says Binance hacker moved $4m to three Binance deposit addresses
Arkham says the Binance hacker transferred $4m to three Binance deposit addresses that may belong to nested services, third-party platforms using Binance for liquidity and custody. The transfer does not necessarily mean a direct deposit to Binance, Arkham says.
Elliptic says Binance hacker laundered first funds, $2.2m in BTC, via CoinJoin
Elliptic says the suspected Binance hacker laundered 28 BTC worth $2.2m through the CoinJoin mixing protocol WabiSabi between 1 Nov and 6:02 UTC today, using funds first stolen in TRX and then ETH swapped into BTC. It says 18,270 BTC taken from Binance is unmoved across 19 addresses.
Elliptic says about $3.24bn of stolen Binance assets remains in linked addresses
Elliptic says about $3.24bn of assets stolen from Binance, mainly ETH and BTC, remained in related addresses as of 07:30 UTC on 2 Nov, while about $2.85bn had been frozen or seized. It says laundering spanned roughly 12,000 wallets on 11 blockchains and over 40,000 transactions in under four days, with about 28 BTC put through 18 CoinJoin transactions.
Elliptic says no evidence North Korean hackers used AI in Binance theft
Elliptic says it has found no evidence that North Korean hackers accused of the $6.4bn Binance theft used AI to launder funds. Tom Robinson says the automated transfers resembled human-written scripts; about $3.28bn remains in more than 950 wallets.
Axel Adler Jr says Bitcoin fell again in October but market reaction stayed restrained
CryptoQuant analyst Axel Adler Jr says Bitcoin fell 7.2% in October, its second straight losing October, after the theft of about $6.3bn from Binance's hot wallet on 29 Oct. He says Bitcoin is still near its yearly moving average, unlike the 23% weekly drop after FTX's 2022 collapse.
Binance generates ZK proof for 31 Oct reserve snapshot as replenishment reaches 95%
Binance said the zero-knowledge proof for its proof-of-reserves snapshot taken at 00:00 UTC on 31 Oct 2026 is fully generated, letting holders of BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC confirm at least 1:1 backing. About 95% of assets affected by the security incident have been replenished, with a broader snapshot due 4 Nov and withdrawals for more networks restored in stages tomorrow.
Suspected North Korean hackers make errors moving Binance stolen funds
Suspected North Korean hackers behind the Binance attack made errors moving stolen assets, on-chain analyst Ai Yi said: about $3.5m of tokens went to a NEWT contract address and about $5m of PROM sold for just $71. Gate froze two accounts after a deposit of about $250,000.
Darkfost says Lazarus crypto thefts total $11.9bn, 45% of North Korea's GDP
On-chain analyst Darkfost says North Korea's Lazarus group has stolen about $11.9bn of cryptocurrency in total, including a recent $6.3bn Binance hack, equal to roughly 45% of North Korea's GDP.
SomaXBT says Arkham mislabelled Thorchain vault as Binance hacker
SomaXBT says Arkham wrongly identified a Thorchain Asgard Vault address as the Binance hacker's, and that the Binance deposits were paid by Thorchain accounts. SomaXBT published two related Thorchain account addresses.
Binance warns of scammers as withdrawals resume in stages
Binance said withdrawals are being restored in stages and warned users that fraudsters may pose as the exchange to offer faster withdrawals, priority processing or compensation, and that it never asks for passwords, 2FA codes or seed phrases.
Binance raises rebates for tier-2 and tier-3 market makers for a week
People familiar with the matter said Binance contacted smaller market makers after an approximately $6.3bn theft and raised their rebates in spot and futures markets. For one week, tier-2 and tier-3 market makers get tier-4 rates, Binance said.
CZ says Binance absorbed over $6bn hack loss from its own balance sheet
Changpeng Zhao said Binance covered losses of more than $6bn from a recent hack using only its own balance-sheet funds, without borrowing, selling holdings or raising outside capital.
Tether freezes over $1.5bn in USDT linked to Binance hack
Tether froze more than $1.5bn in USDT within 30 minutes of the 29 October Binance hack, blocking the funds from being moved, swapped or laundered. The FBI attributed the attack to North Korea; Tether says it has helped US agencies freeze over 3,590 wallets holding about 1.6bn USDT as of 31 October 2026.
Stablecoins
OdailyAIBearishDolomite keeps new Ethereum borrowing paused after Binance hack
Dolomite said it is keeping new borrowing on the Ethereum mainnet halted as a precaution after the Binance hack, while deposits, withdrawals, repayments and existing position management continue. The protocol said it had seen no malicious activity on its own platform and no assets were at risk.
Binance sees $14.1bn weekly net outflows after hack as OKX gains $499m
Binance recorded $14.1bn in net outflows over the week following a hack, while OKX drew $499m in inflows.
Altcoins
Binance sees $15.4bn net outflows over seven days, still holds $124bn
Binance recorded $15.4bn in net outflows over the past seven days, including $3.4bn in the past 24 hours, and still holds about $124bn in assets. The outflows followed a $6.3bn hack, Bitcoin News said.
Kim Yo Jong calls Binance incident a US political provocation, says Pyongyang is watching
Kim Yo Jong, North Korea's Kim Yo Jong, described the Binance incident as a US political provocation and said Pyongyang is watching closely.
Regulation
Wintermute says Bitcoin's next key support is $76,800
Wintermute says last week's market direction was set by the Binance hack, which cost about $6.3bn on 29 Oct and is allegedly linked to North Korea's TraderTraitor, rather than by Fed or PCE data. It puts Bitcoin's next support at its 50-week moving average near $76,800.
Star Xu says OKX tightened security after Binance hack
OKX chief executive Star Xu said the exchange has strengthened security and risk management since the Binance hack, with teams tracking stolen funds on-chain and blocking laundering through its exchange and Web3 aggregator. He said no exchange is free of hacking risk.
OKX's Star says security is the exchange's first lifeline
OKX founder and CEO Star said the exchange has treated security and customer asset protection as its first lifeline over 13 years. He said his team has been working intensively since the recent Binance security incident as a warning to the whole industry.
Altcoins
Murphy says Binance BTC balance fell 21,064 since withdrawals resumed
Analyst Murphy says Binance's BTC balance has fallen by 21,064 coins to 711,000 since withdrawals resumed on 1 Nov, under 3% of its holdings. Binance's on-chain reserves are about $140bn, with BTC and USDT nearly 60%.
South Korea's FSC reviews crypto exchange security after Binance hack
South Korea's Financial Services Commission is reviewing the security of local crypto exchanges following a hack at Binance and is weighing broader withdrawal limits.
Regulation
Binance says more asset withdrawals resume from 04:00 UTC
Binance said it will resume withdrawals for more assets from 04:00 UTC on 3 November, opening them gradually as security checks are completed, while deposits remain open. The exchange said it will absorb the financial impact of the stolen funds rather than pass it to users.
Binance says it will resume withdrawals in phases across several networks
Binance said withdrawals for more assets reopen in phases from 04:00 UTC on 3 Nov across networks including BSC, ETH, SOL, XRP, TRON, Arbitrum, Optimism and Base. It said it will bear all economic losses from the security incident and not pass them to users.
Altcoins
CFTC chair Michael Selig says Binance hack shows need for offshore exchange rules
US CFTC Chairman Michael Selig said the Binance hack showed offshore crypto exchanges lack safeguards comparable to US financial markets, and backed a framework letting them register voluntarily and meet cybersecurity standards.
Regulation
CoinNessAIBearishBinance uses about half of SAFU Bitcoin reserves with no refill timeline
Binance has used about half the Bitcoin in its Secure Asset Fund for Users, with SAFU holdings falling to about 7,500 BTC, worth $580m, as of 3 Nov from 15,000 BTC in February. Binance gave no timeline for replenishing the fund, which it plans to restore to around $1bn.
Lee Jae Myung calls for cross-government cybersecurity body after crypto thefts
South Korean President Lee Jae Myung, citing a recent multi-billion-dollar crypto theft from Binance, called at a cabinet meeting on 3 November for a cross-government cybersecurity coordination body covering the public and private sectors. He said AI is making hacks more sophisticated, and the National Intelligence Service has begun emergency checks at more than 2,100 government and public bodies.
Regulation
OdailyAIBearish
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