Binance Loses $6.3 Billion in Historic Hack but Recovers 98 Percent
Binance wallets lost $6.3 billion in roughly 20 minutes following a targeted malware attack on an engineer. The exchange announced the recovery of 98 percent of the stolen assets two days later.
Most popular posts
Check out our most important Cryptocurrency News and Guide Posts to stay ahead of the game
Binance Replaces Stolen $6.3 Billion – Customers Await Zero-Knowledge Proof for Verification
Binance has replaced the entire $6.3 billion lost in the October 29 hack using corporate revenue and emergency reserves. Customers are now waiting for the generation of a zero-knowledge proof to independently verify the platform’s asset backing.
Gate Releases October 2026 Transparency Report and Gate Money Application
Gate has released its October 2026 Transparency Report covering asset reserves and derivatives trading. The company also announced the launch of Gate Money, a new all-in-one financial services app.
South Korea Allows Crypto Exchanges to Freeze Assets on Suspected Hacks
The South Korean Financial Services Commission will permit crypto exchanges to freeze user funds based on the mere suspicion of a security breach.
Crypto Hack Losses Surpass On-Chain Revenue in 2026
Crypto hack losses have reached $8.78 billion in 2026, exceeding annual on-chain revenue estimates for the first time since 2020. Decentralized finance protocols lost 58% more this year compared to all of 2025.
Russia Approves Bitcoin Trading for Nov. 22 Amid Exchange Sanctions
Russia is set to officially open Bitcoin trading on Nov. 22. The market launch is complicated by ongoing US sanctions against the country’s biggest exchange.
LBank Addresses Account Restrictions and Risk Review Policies
LBank has responded to public allegations regarding withdrawal issues by clarifying its risk review procedures. The exchange confirmed the user was able to withdraw their deposited principal in full.
Phase Appoints Former Cointelegraph Chief as CEO
Phase has named former Cointelegraph chief Yana Prikhodchenko as co-founder and CEO. The blockchain allows AI agents to execute automated payments using Tether.
Tokenization Market Hits $40B Amid Wall Street Liquidity Issues
Wall Street’s push into digital assets drives the tokenization market near $40 billion, though severe liquidity and distribution challenges remain unresolved.
North Korean Hackers Use Meme Coins to Launder Stolen Assets
Cybercriminals are minting custom meme coins to obscure the trail of NEAR tokens stolen during an October exchange hack. Blockchain analysts report that the perpetrators use automated liquidity pools to cash out before landing on industry blocklists.
CertiK Identifies Over $8 Million in UAE Crypto Losses – Why Regulation Requires Additional Security
Research from CertiK reveals that five digital asset security incidents linked to the UAE resulted in over $8 million in documented losses in 2026. The findings highlight the necessity of continuous security monitoring beyond basic regulatory approval.
Coinbase Secures Full U.S. Trust Charter From OCC
The Office of the Comptroller of the Currency has granted Coinbase a full U.S. trust charter. The federal regulator upgraded the exchange from its previous conditional trust status.
AI Agents Execute 6.4 Million Payments – Morse Code Exploit Highlights Trust Issues
An AI-linked wallet executed a $175,000 transfer after accepting unauthorized Morse-coded instructions from a public post. While 80% of the funds were recovered, the incident highlights ongoing security challenges in autonomous finance.
Stablecoin Growth Stalls While Payment Volumes Surge
Stablecoin supply has seen minimal growth this year, but payment transactions are surging. Recent data highlights a divergence between outstanding dollars and network activity.
US Treasury Bans MEXC Over $16.7B in Alleged Illicit Funds
The US Treasury has ordered crypto exchange MEXC Global cut off from the American financial system. Regulators allege the platform processed $16.7 billion tied to illicit activity.
Binance Sets Hyperliquid Withdrawal Timeline Following Exchange Breach
Binance has committed to restoring Hyperliquid withdrawals following its October security incident, though technical checks on the proprietary blockchain are delaying the process.
Elizabeth Warren Set to Lead Senate Banking Committee in January
Elizabeth Warren is expected to assume leadership of the Senate Banking Committee in January. Market participants are questioning how her new role will impact specific cryptocurrency companies and token prices.
