[BTC falls below $79,000]

According to CoinNess market monitoring, BTC has fallen below $79,000. BTC is trading at $78,891.76 on the Binance USDT market.
https://coinness.com/en/news/1173578

[$409 million worth of futures liquidated in the past hour]

Major exchanges have seen $409 million worth of futures liquidated in the past hour. In the past 24 hours, $741 million worth of futures have been liquidated.
https://coinness.com/en/news/1173579

[Possible fund theft signs detected from Binance hot wallet]

Signs of a possible fund theft from a Binance hot wallet have been detected, according to the Tree News X account. More than 60 tokens were moved in large amounts from a Binance hot wallet to a specific address, which was previously known to have received funds through Tornado Cash. The transactions occurred about 16 minutes ago.

An estimated $2.77 billion was said to have flowed out across five blockchains, although it has not been confirmed whether the incident was a hack. On-chain analyst Spreek explained that it had not been confirmed whether the transfers were internal movements or a hack, but all funds in an address known as Binance’s 14th hot wallet were moved to a new anonymous address. Spreek added that the transaction that moved the funds originated from an address that had received cryptocurrency through the crypto mixing protocol Tornado Cash (TORN) and then proceeded to the final anonymous destination.
https://coinness.com/en/news/1173580

[$526 million worth of futures liquidated in the past hour]

Major exchanges have seen $526 million worth of futures liquidated in the past hour. In the past 24 hours, $854 million worth of futures have been liquidated.
https://coinness.com/en/news/1173581

[Coinbase CEO Armstrong plans up to $1.3B stock sale]

Coinbase CEO Brian Armstrong plans to sell company stock worth up to $1.31 billion, The Defiant reported.
https://coinness.com/en/news/1173582

[$628 million worth of futures liquidated in the past hour]

Major exchanges have seen $628 million worth of futures liquidated in the past hour. In the past 24 hours, $951 million worth of futures have been liquidated.
https://coinness.com/en/news/1173583

[Ethena says it is aware of a potential Binance-related security incident]

Ethena said on its official X account that it is aware of a potential security incident related to Binance. The company added that all collateral assets with exchange exposure are not held directly on the exchange and are instead safely stored with off-exchange third-party custodians, "Off-Exchange Custodians." Ethena said it will provide further updates through the account as more specific details about the issue become clear.
https://coinness.com/en/news/1173584

[U.S. senators ask Kalshi, Polymarket about safeguards on election betting]

U.S. Senators Elizabeth Warren, a Democrat, and John Curtis, a Republican, asked Kalshi and Polymarket to explain how they are preventing insider trading and market manipulation in election-related betting ahead of next week’s midterm elections, The Block reported. According to the report, the two senators remain skeptical about whether the companies can effectively oversee such election-related contracts through adequate surveillance and meaningful accountability systems.
https://coinness.com/en/news/1173585

[Analyst warns possible Binance hot wallet hack via EIP-7702 wallet sweeping]

Odysseas (@odysseas_eth), founder of Phylax System, said on social media the possible Binance hack may involve abuse of EIP-7702 that can turn a wallet itself into a sweeper, calling the situation serious. Odysseas said 63 tokens, including 167,464 ETH and 1.615 billion USDT, were moved from one Binance-labeled wallet just three minutes and 24 seconds after a signed delegation was installed.

Odysseas explained EIP-7702 allows a standard externally owned account, or EOA, to execute delegated code, and this delegated state remains in place permanently. He said the code can later authorize asset transfers without any additional signature from the wallet owner. According to Odysseas, the delegated contract had an operator address hardcoded into it that was funded by Tornado Cash, and read-only tests showed execution by unrelated callers was rejected. He added the attack path may have been enabled by a compromised private key or a malicious authorization signature signed by the wallet owner, while the route through which those signatures were obtained remains unclear.
https://coinness.com/en/news/1173586

[Tether freezes $971M in USDT tied to suspected Binance hack funds]

Tether, the issuer of the dollar-pegged stablecoin USDT, has frozen 971 million USDT believed to be linked to funds stolen in a Binance hack, according to Tree News. Binance has not yet issued an official statement on the hacking incident.
https://coinness.com/en/news/1173587

[Circle freezes $823M in USDC tied to suspected Binance hack funds]

Circle has frozen $823 million in USDC believed to be linked to funds stolen in the Binance hack, according to Watcher.Guru. Tether had earlier frozen $971 million in USDT tied to funds linked to the Binance hack. Binance has not yet issued an official statement on the hack.
https://coinness.com/en/news/1173588

[Binance founder says hack appears to have occurred, user funds are safe]

Binance founder Changpeng Zhao said on X a short time ago that a hack appears to have occurred at Binance. Zhao also thanked Tether for quickly freezing 971 million USDT and Circle for freezing 823 million USDC, and said user funds are safe.

Zhao added that although Zhao no longer manages Binance, Zhao expects all user funds to be fully reimbursed as a shareholder. Yi He, another Binance co-founder and CEO who is also known as Zhao’s partner, said Binance is aware of reports related to a security issue and has launched an active investigation. At this stage, no impact on user funds has been confirmed, Yi said, adding that all relevant information is being urgently reviewed and updates will be provided once verified information is secured. Yi also warned users to watch for additional scams and not to trust unofficial links or requests for account information. CoinNess previously reported signs that about $2.77 billion was stolen from a Binance hot wallet.
https://coinness.com/en/news/1173589

[Analyst links Binance hot wallet breach to suspected North Korean actors]

Yuga Labs blockchain vice president Quit said on X the Binance hot wallet breach was likely carried out by North Korean actors.

Quit reproduced the phrase "Relayer" and said the key unresolved question was why a relayer had been needed. If the attacker had stolen the private key to a Binance wallet, the assets could have been sent directly through an atomic bundle without going through a relayer, Quit said. Quit added it was therefore reasonable to conclude the attacker did not directly possess the private key and instead had obtained only EIP-7702 authorization signatures, possibly through phishing or similar means. Based on that, Quit said it was reasonable to suspect North Korean actors, including the DPRK and Lazarus. A relayer is an intermediary that gathers transactions on behalf of the signer and submits them to an onchain network while paying the gas fee, or network cost, itself.
https://coinness.com/en/news/1173590

[Binance says it is investigating reported hack, sees no impact on user funds]

Binance said via its official X account that it is aware of reports of a security issue and has launched an active investigation, adding that it has not identified any impact on user funds at this stage.

The exchange also said it is urgently reviewing all relevant information and will provide updates once details are verified. Binance urged users to watch for additional scams and not trust unofficial links or requests for account information.
https://coinness.com/en/news/1173591

[Plume says all vaults unaffected by Binance hot wallet hack]

RWA-focused Ethereum layer-2 network Plume said all Plume vaults were unaffected by the Binance hot wallet hack and that funds remain safe. Plume said vault receipt tokens are non-custodial and are not held on Binance or any other centralized exchange. It added that the funds-safety assurance applies to all Plume vaults, including nOPAL, nFXCF and FACTOR, regardless of whether investments were made through Plume or other integrated front ends.
https://coinness.com/en/news/1173592

[Tether freezes over $1.57B USDT tied to Binance hack]

Tether CEO Paolo Ardoino said on X that Tether has frozen more than 1.567 billion USDT linked to the Binance exchange hack. The amount is larger than the 971 million USDT previously confirmed as frozen.

Binance has acknowledged the hack and said user funds are safe. Multiple communities estimate North Korea was behind the attack and that a total of $2.77 billion was stolen.
https://coinness.com/en/news/1173593

[Binance hacker linked to 50 wallets holding $5.61B in crypto]

A hacker believed to have stolen billions of dollars in cryptocurrency in an overnight attack on Binance is holding about $5.61 billion in crypto across 50 wallets, according to on-chain analytics platform Arkham.

USDT accounts for the largest share of the holdings at about $1.57 billion, followed by BTC at about $1.45 billion, ETH at about $879 million, USDC at about $823 million, TRX at about $232 million, and RLUSD at about $88.54 million. The wallets also hold WBETH, AETHUSDT, XAUT, UNI, ENA, PEPE, USD1, AAVE, AVAX, ARB, ONDO, WLD, and ZAMA.

Tether previously said it had frozen more than 1.567 billion USDT tied to funds involved in the Binance hack.
https://coinness.com/en/news/1173594

[RE suspends redemptions amid market volatility and uncertainty]

Tokenized reinsurance protocol RE said it has temporarily suspended redemptions as a precautionary measure amid market volatility and uncertainty. RE added it has no exposure to Binance.
https://coinness.com/en/news/1173595

[At least $2.39B in USDT, USDC tied to Binance hack frozen]

At least $2.39 billion worth of USDT and USDC stolen in the Binance hack has been frozen, according to a CoinNess market monitor. Tether has frozen at least 1.567 billion USDT, while Circle has frozen at least 823 million USDC. Separately, some market participants have raised concerns that a total of $5.61 billion is being held across 50 addresses believed to be owned by the hacker, suggesting losses from the hack could exceed $5 billion.
https://coinness.com/en/news/1173596

[Binance.US says unaffected by Binance security breach]

Binance.US said on its official X account that it was not affected by the recent security incident at Binance.com. The U.S. crypto exchange added that Binance.US is a separate, independent platform and that customer funds and services continue to operate normally without any hacking incident.
https://coinness.com/en/news/1173597

[Binance hacker starts selling UNI holdings in $652K swap]

A wallet linked to the Binance hacker appears to have started selling UNI, according to crypto-focused Telegram channel Insaengcoin. The address, which begins with 0x42CD, received 7,018,792.33 UNI from a Binance hacker wallet and swapped 100,000 UNI, worth about $652,000.

Separately, a total of $5.61 billion in crypto is reportedly being held across 50 addresses believed to be owned by the Binance hacker. That has fueled concerns in some quarters that losses from the Binance hack could reach as much as $5.8 billion.
https://coinness.com/en/news/1173598