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Blockaid says EIP-7702 was key to $6.3bn Binance hot wallet theft
Blockaid researchers said a hacker stole at least $6.3bn from several Binance hot wallets on Ethereum, Arbitrum, Avalanche, Optimism, Bitcoin and Tron on 29 October 2026, the largest crypto theft on record. The attack centred on Binance 14, the exchange's busiest Ethereum hot wallet.
Previous related news
- US State Department urges joint action on North Korean cyber threats after Binance hack
- Tom Robinson says Binance hacker swapped $175m in stolen altcoins for about 2,300 Bitcoin
- TRM Labs calls $6.3bn Binance hack cyber warfare and warns North Korean attacks will continue
Crypto industry turns to bipartisan backing as Trump dividend fades, Bloomberg says
Bloomberg says the crypto industry is seeking cross-party support for long-term growth after Democratic midterm wins put Congress under Democratic control. It notes that repealing the federal stablecoin law would need new legislation, and SEC and CFTC rulemaking can continue.
Machi sells three Bored Ape NFTs at a loss of $246,000
Machi Big Brother (Jeffrey Huang) sold three Bored Ape NFTs for 32.5 ETH (about $72,460) after spending 188 ETH (about $318,730), realising a loss of 155.5 ETH (about $246,270).
Paris court jails man for five years over 1bn HLG token theft
A Paris criminal court sentenced a Ukrainian man to five years, two of them custodial, over the alleged unauthorised minting and theft of 1bn Holograph (HLG) tokens worth about $14m at the time.
Nvidia-backed Groq seeks Series B at $8bn pre-money valuation
Groq, an AI data centre operator backed by Nvidia, has sent out a Series B fundraising invitation seeking capital at an $8bn pre-money valuation, more than doubling its valuation in about three months. Nvidia brought in Groq founder and CEO Jonathan Ross and other core staff through a $20bn technology licensing deal late last year.
Yesterday
OKX's Star says avoid direct MEXC transfers as exchange tightens risk controls
OKX founder Star said users should temporarily avoid transferring funds directly from MEXC to OKX, warning that money from the platform may be frozen for review and accounts may face further investigation. He said OKX is applying sanctions-style caution over FinCEN's special measures and has tightened controls early rather than waiting out the 30-day transition period.
Previous related news
- FinCEN special measure on MEXC prompts reports of restricted deposits at OKX and others
- MEXC says Elliptic restores exchange category after FinCEN order
- MEXC says operations normal and plans talks with regulators after FinCEN order
OKX founder Star says UIDs should be globally unique across sites
OKX founder Star says UIDs across the exchange's different sites should either be globally unique or users should be barred from transferring funds between sites using only a UID. He said duplicate UIDs could lead to the wrong receiving account being identified and funds sent astray.
EU sets up crypto task force to curb Russian sanctions evasion
The European Commission decided at the EU's tenth high-level sanctions meeting to create a dedicated sanctions office with a crypto task force to counter Russia's use of digital assets to evade sanctions. The task force is expected to run for 12 months, with support from Ukraine and the UK, and will target networks including the A7A5 digital rouble stablecoin, which has traded more than $100bn.
Smartestmoney holds 1.38m HYPE long with $52.8m unrealised profit, Onchain Lens says
Onchain Lens reports that Smartestmoney holds a long position of 1.38m HYPE opened 11 months ago, with $52.8m in unrealised profit. The liquidation price is $71.08 and the market price is $76.96.
Gnosis Pay says card system hit by unauthorised access, exposing customer data
Gnosis Pay says its card system was accessed without authorisation on 3 November, exposing some customer information; it contained the incident within two hours, replaced affected credentials and said customer funds were unaffected. Lefteris Karapetsas says his full name, address, card number and linked crypto wallet address were exposed.
Crypto fear and greed index falls to 25, from greed to extreme fear in a month
The crypto fear and greed index has dropped to 25, moving from greed to extreme fear over the past month.
Polymarket puts 52% odds on Bitcoin reaching $70,000 before 2027
Polymarket data implies a 52% chance Bitcoin touches $70,000 before 2027, 24% for $90,000 and 9% for $100,000. Bitcoin traded at $75,723 on 7 November, down 2.4% over seven days and 6.6% over a month.
Binance names Justin Yek as chief financial officer as Kaiser Ng departs
Binance has appointed Justin Yek as its new chief financial officer, replacing Kaiser Ng, who is leaving to pursue other opportunities. Yek was previously vice-president of finance at cross-border payments firm Airwallex and led Morgan Stanley's South-East Asia technology investment banking business.
Brian Armstrong says he is spending much of his time improving the Coinbase app
Brian Armstrong said on X that he is devoting a large amount of personal time to improving the Coinbase app, covering explanations for frozen funds, a simpler identity verification process, faster app launches and fixes for errors that interrupt operations. He said the fixes will arrive in the coming app updates and invited users to report recent problems.
Former FBI agent Patrick Steven Yaroch admits stealing about $2.47m in crypto
Patrick Steven Yaroch, a former FBI agent, pleaded guilty on 5 November to wire fraud and money laundering, admitting he took about $2.47m in crypto through roughly 100 fraudulent transfers across 35 investigations. Sentencing is set for 4 March 2027, with a maximum of 20 years in prison.
Crypto futures liquidations reach $81.2m over past 24 hours, CoinGlass data shows
CoinGlass data shows total crypto futures liquidations of $81.2m over the past 24 hours, including $54.2m in longs and $27m in shorts. Bitcoin liquidations totalled $9.49m and ether $10.2m, with the largest single order on HYPERLIQUID-XRP-USD at $953,000.
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