[South Korea unification ministry urges caution on claim North Korea hacked Binance]

South Korea’s Unification Ministry took a cautious stance after North Korea was identified as the actor behind a hacking attack on cryptocurrency exchange Binance that stole about 8 trillion won in virtual assets, saying it was first necessary to determine the exact situation.

According to Yonhap News Agency, a ministry official told reporters at the Government Complex Seoul on Nov. 3 that no information had been shared among relevant South Korean agencies regarding the matter, when asked whether the ministry agreed with a U.S. FBI announcement that North Korea was behind the Binance hack. On whether South Korea would join additional international sanctions against North Korea, the official said it would be appropriate to review response measures with relevant ministries based on an assessment of the situation, adding there was no need to mention the issue of additional sanctions at this point.
https://coinness.com/en/news/1174107
See more: https://www.yna.co.kr/view/AKR20261103092800504?input=1195m

[Reserve says Binance-held RSR balance still can’t be independently verified]

RWA tokenization platform Reserve said it still cannot independently verify the RSR balance held on Binance, and no timeline has been announced for resuming RSR withdrawals.

Binance said it has covered about 95% of the stolen assets by value with its own funds and is continuing to buy the remaining roughly 5% of assets, including RSR. Binance plans to generate a new proof-of-reserves snapshot with more tokens on Nov. 4, a process it said will take about 40 to 50 hours, with results expected around Nov. 6. Withdrawals are being resumed in stages.
https://coinness.com/en/news/1174108

[24-hour crypto futures liquidations]

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours:
- BTC: $85.65 million liquidated (79.59% longs)
- ETH: $54.42 million liquidated (67.42% longs)
- SOL: $24.18 million liquidated (90.48% longs)
https://coinness.com/en/news/1174109

[Revolut says it secured banking status in New Zealand]

UK-based fintech firm Revolut announced on X that it has become New Zealand’s first digital bank. The company did not disclose when it plans to launch specific banking services or provide further details on its operating plans.
https://coinness.com/en/news/1174110

[North Korea-linked crypto hacks caused $9.7B in losses across 12 cases since 2022]

Twelve major cryptocurrency hacks linked to or suspected of involving North Korean hacker groups from 2022 to 2026 caused about $9.74 billion in losses, BlockBeats reported.

Citing statements from TRM Labs and the FBI, the outlet said the Binance hack accounted for about $6.3 billion, or 65% of the total. Other major cases included Bybit at $1.5 billion, Ronin and Axie Infinity at $620 million, Bitget at $388 million, DMM Bitcoin at $308 million, and WazirX at $235 million.

The U.S. government identified the Binance, Bybit, and DMM Bitcoin hacks as the work of the North Korean hacker group TraderTraitor. Of the remaining nine cases, eight were classified as tied to the Lazarus group, while the Bitget incident has not been officially confirmed as North Korea-linked. The loss estimates were based on asset values at the time of each incident and include only key cases, meaning they do not represent North Korea’s full scale of crypto theft, according to BlockBeats.
https://coinness.com/en/news/1174111

[Upbit to temporarily suspend AERO deposits, withdrawals]

South Korean exchange Upbit announced it will temporarily suspend deposits and withdrawals for Aerodrome Finance (AERO) starting at 9:00 a.m. UTC today due to a contract change.
https://coinness.com/en/news/1174112

[CFTC chairman says Binance hack underscores need to regulate offshore exchanges]

U.S. CFTC Chairman Michael Selig said the Binance hack highlighted the need for U.S. oversight of offshore cryptocurrency exchanges, Wu Blockchain reported. In a recent CNBC interview, Selig said the incident showed offshore exchanges lacked safeguards on par with those in U.S. financial markets and argued for a framework that would allow exchanges to voluntarily register under the federal regulatory system and comply with corresponding cybersecurity standards.
https://coinness.com/en/news/1174113

[PeckShield says suspected BlueMove hacker address bought $115K in XMR]

A wallet classified as belonging to the BlueMove hacker bridged 115,000 USDC from Ethereum to Hyperliquid and then bought 188.25 XMR at $608.43 per token, according to blockchain security firm PeckShield.

BlueMove is a decentralized exchange on Sui and Aptos. It was hacked on July 11, when 710,670 SUI, worth about $529,000 at the time, was stolen from 389 locked liquidity pools.
https://coinness.com/en/news/1174114

[Ethereum Foundation launches blockchain guide site for public institutions]

The Ethereum Foundation has launched a website introducing how governments, international organizations and NGOs can use Ethereum as digital public infrastructure, according to its official blog.

The site includes an overview of Ethereum, real-world adoption cases and practical materials. The foundation said Ethereum, as a shared infrastructure not controlled by any single institution, can help public bodies maintain independence, verify records on their own and cooperate with one another.

As one example, the foundation pointed to Bhutan’s national digital identity system, in which individuals store digital credentials in their own wallets and selectively disclose only the necessary information, while service providers can verify the authenticity of those credentials without exposing personal data on-chain. It added that it also developed an Ethereum-based proof of concept that tested how aid groups could coordinate support efforts without sharing sensitive personal information with one another.
https://coinness.com/en/news/1174115

[Solana stablecoin card payments hit record $141M in October]

Solana Foundation said on its official X account that card payment volume using Solana-based stablecoins reached $141 million in October, up sevenfold from a year earlier and marking a record high.
https://coinness.com/en/news/1174116

[U.S. spot BTC ETFs see $398.6M net outflow on Nov. 2]

U.S. spot BTC ETFs posted a net outflow of $398.62 million on Nov. 2, according to SoSoValue.

Note:
We are notifying readers that the data was revised from a net inflow to a net outflow.
https://coinness.com/en/news/1174117

[U.S. spot Ether ETFs post 6th straight trading day of net outflows]

U.S. spot Ether ETFs saw $139.8 million in net outflows on Nov. 2, according to SoSoValue, marking a sixth consecutive trading day of net outflows.

Note:
The data was revised, changing the result from net inflows to net outflows.
https://coinness.com/en/news/1174118

[BTC falls below $77K ahead of U.S. midterms as chip stock sell-off deepens]

Bitcoin fell below $77,000 ahead of the U.S. midterm elections as selling in technology shares, led by semiconductor stocks, spread through the market, CoinDesk reported.

The outlet said the U.S. semiconductor stock index fell 12% over the past three trading sessions, while the Nasdaq 100 dropped 10% from its peak and entered correction territory. The weakness also spread to Asian markets, with South Korea’s KOSPI falling more than 3%. BTC was down about 2%, giving back all of yesterday’s rebound, while ZEC plunged 10% to $1,140. HYPE and SOL also fell 5% and 3%, respectively.
https://coinness.com/en/news/1174119

[Consensys unveils 'Sovereign Network' ledger connectivity for financial institutions]

Consensys, an Ethereum infrastructure developer, unveiled a technology stack called 'Sovereign Network Interoperability' to connect and coordinate transactions across financial institutions’ ledgers, according to its official blog.

The solution supports cross-ledger transactions through cryptographic verification while keeping assets on existing ledgers, without separate bridges or trusted intermediaries. It supports four functions: collateral transfers, settlement of tokenized securities, inter-institutional and cross-currency payments, and trading in tokenized funds. Consensys said the stack is based on its proprietary cross-ledger interoperability protocol, CLIP, and is also expected to support major protocols including EEZ and IBC.
https://coinness.com/en/news/1174120

[Russian programmer robbed of 10.4 BTC after flaunting wealth on social media]

A Russian programmer in his 20s was robbed of about 10.4 BTC after becoming a target for assailants who tracked signs of wealth from social media posts, Bits.media reported.

Investigators found the suspects identified the victim’s wealth through posts showing luxury cars and overseas travel, then kidnapped, beat, and threatened the programmer before taking 1 million rubles ($16,410) in cash, along with an iPhone, a MacBook, and other items. The suspects then transferred about 10.4 BTC from the victim’s crypto wallet to an anonymous wallet. Total losses came to 84 million rubles ($1.38 million). Local police arrested five suspects on charges including kidnapping, robbery, and theft, and the suspects could face up to 15 years in prison if convicted.
https://coinness.com/en/news/1174121

[Gravity enables two-way G transfers between mainnet and Ethereum]

Gravity said its native bridge now supports transfers of G from the Gravity layer-one mainnet to Ethereum. Users can transfer G in both directions between Ethereum and the Gravity L1 mainnet through the same interface.
https://coinness.com/en/news/1174122

[LayerZero to end Manta Pacific support on Dec. 15]

According to Manta, a zk-based Ethereum layer-two network, cross-chain interoperability protocol LayerZero (ZRO) will end support for Manta Pacific, the Manta mainnet, on Dec. 15. Users holding LayerZero-based OFT assets on Manta Pacific need to bridge those assets to another chain before Dec. 15 to maintain cross-chain transfer functionality.
https://coinness.com/en/news/1174123

[South Korea watchdog chief orders full review of external links after hacking incidents]

Lee Chan-jin, governor of South Korea’s Financial Supervisory Service, has ordered a full inspection of external access points across the financial sector, including the virtual asset industry, in response to recent hacking incidents in the sector, Digital Asset reported.

According to the report, the Financial Supervisory Service said on Nov. 3 that Lee reviewed each sector’s response status to the recent hacking incidents at an executive meeting and discussed ways to strengthen security. The watchdog said external access points connected to systems handling customer and financial company assets, where an attack could cause financial losses, should be checked first, and outside access should in principle be blocked until vulnerabilities are resolved. It also said security readiness needs to be stepped up further at virtual asset service providers and online investment-linked finance firms, where actual financial losses have occurred.
https://coinness.com/en/news/1174124
See more: https://www.digitalasset.works/news/articleView.html?idxno=44014

[Arbitrum security council recovers $30M from Binance hacker-linked addresses]

Arbitrum’s security council recovered 8,425 ETH and more than 74 million ARB from addresses linked to the Binance hacker without signatures from the attacker’s private key, CoinDesk reported.

The recovered crypto was worth about $30 million. Using its emergency upgrade authority, which requires approval from at least nine of its 12 members, the council temporarily changed the code of Inbox, a core contract, moved the funds to a separate address, and then restored the original code. The recovered assets can be moved again only through an Arbitrum DAO governance vote.

CoinDesk said the move had the clear purpose of recovering hacked funds, but it could also fuel debate over decentralization and user control of assets because it showed the Arbitrum community could forcibly move funds from specific addresses without a private-key signature.

CoinNess previously reported that Arbitrum’s security council had frozen about $30.5 million in cryptocurrency stolen in the Binance hack.
https://coinness.com/en/news/1174125

[Binance uses about half of SAFU BTC reserves, gives no timeline for replenishment]

Binance has used about half of the BTC held in its Secure Asset Fund for Users, or SAFU, and has not disclosed when it will replenish the reserves, CoinDesk reported.

According to blockchain explorer mempool.space, SAFU wallet holdings fell to about 7,500 BTC, worth $580 million, as of Nov. 3 from 15,000 BTC in February after four transactions on Oct. 31. Binance said part of the $6.34 billion set aside to compensate users for hack-related losses would be covered by the SAFU fund, and it plans to restore the fund to around $1 billion. However, Binance’s existing policy of topping up the fund to $1 billion when its value falls below $800 million due to a decline in Bitcoin prices does not apply when the fund is used, as in this case.
https://coinness.com/en/news/1174126

[Anonymous whale deposits $51.4M in AAVE and WLD to exchanges over 10 days]

An anonymous whale deposited 184,203 AAVE worth $25.5 million and 56.15 million WLD worth $25.85 million to multiple exchanges over the past 10 days, Lookonchain reported. Exchange deposits are typically interpreted as a sign of intent to sell.
https://coinness.com/en/news/1174127