🚨 UPDATE: Here’s who’s been affected by the Binance hack so far

**Limited exposure:**
- **Wintermute:** Exposure is below 20% of net equity. CEO Evgeny Gaevoy says operations would continue without disruption under any scenario.
- **GSR:** Exposure is below 5% of net equity, with no material impact on normal business expected. The firm is in touch with Binance contacts to assess the situation.

**No direct exposure:**
- **Ethena:** Collateral exposed to exchanges is held by off-exchange custodians, not on exchanges themselves.
- **Lido:** stETH is unaffected, and staking and withdrawals are operating normally. Lido Earn has no direct exposure.
- **Aave:** Contracts are unaffected and positions remain overcollateralized. As a precaution, all DAO-operated V3 and V4 markets have been frozen. New deposits and borrowing are paused, while withdrawals and repayments remain available.

Yoni Crypto

🚨 JUST IN: Binance says it has frozen $2.54 billion in assets so far. The total could grow as it continues tracing the funds.

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🚨 More than $1 billion in positions were liquidated over the past 24 hours, including $958 million in long positions, as $BTC fell below $78,000.

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🚨 UPDATE: Binance says the confirmed frozen funds linked to the hack have risen to around $3 billion, up from $2.54 billion earlier.

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🚨 JUST IN: Binance says the hack likely originated from a DevOps engineer’s compromised laptop. So far, there’s no evidence that any private keys were exposed.

The estimated total impact is around $6.3 billion.

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⚡️ TODAY: Elon Musk says AI superintelligence agents could one day exploit the financial system just as the Binance hacker did—seeking to enrich themselves, not serve people.

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🚨 UPDATE: Binance co-founder Yi He says deposits are operating normally. Withdrawals are expected to resume within 48 hours as upgrades to the withdrawal service are completed.

Yoni Crypto

🚨 Keep up with the latest updates on Binance’s ~$6B hack, all in one place:

https://cointelegraph.com/news/live-updates-binance-63b-hack-linked-to-north-koreas-tradertraitor

Yoni Crypto

🚨 UPDATE: Binance’s investigation has identified additional points of failure beyond the potentially compromised laptop.

Withdrawals are expected to resume in 45 hours.

Yoni Crypto

🔥 JUST IN: Binance has started reimbursing affected users, setting aside more than $6.34 billion in company funds to cover losses.

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🚨 $6.3 billion stolen. How did Binance become the victim of the biggest crypto hack in history—and what does it mean for your Bitcoin?

Our latest explainer unpacks the story:

https://youtu.be/gUTDIlh-bCQ

Yoni Crypto

🚨 UPDATE: Binance is working with the FBI and other law enforcement agencies to recover the stolen funds. So far, $3 billion has been frozen.

https://ct.com/news/binance-fbi-recover-assets-hack?utm_source=rss_feed&utm_medium=rss_campaign=rss_partner_inbound

Yoni Crypto

🔥 BIG: Tether posted $1.5B in net operating profit for Q3, while doubling its reserve buffer.

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