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More →Wall Street analysts urge investors to buy crypto stocks after $6.3 billion Binance hack
Wall Street analysts urge investors to buy crypto stocks after $6.3 billion Binance hack
Binance arranges $6.34 billion to cover losses from record crypto hack
Binance arranges $6.34 billion to cover losses from record crypto hack
Strategy CFO Andrew Kang resigns as company posts record operating profit
Strategy CFO Andrew Kang resigns as company posts record operating profit
Binance hacker dumps a little-known 2017 token and it crashes 90%
Binance hacker dumps a little-known 2017 token and it crashes 90%
Binance hack bites India's largest crypto exchange as it curbs futures trading
Binance hack bites India's largest crypto exchange as it curbs futures trading
Institutional crypto investors rush to pull funds from exchanges after Binance hack
Institutional crypto investors rush to pull funds from exchanges after Binance hack
Crypto's longtime foe, North Korea's Lazarus Group, likely behind Binance hack: blockchain sleuths
Crypto's longtime foe, North Korea's Lazarus Group, likely behind Binance hack: blockchain sleuths
TRM and Chainalysis Tie $6.4B Binance Hack to North Korea's TraderTraitor
Three blockchain analytics firms have attributed this week's hack of Binance to North Korea, with two of the largest naming TraderTraitor, a North Korean hacking group, as responsible for what both describe as the largest crypto theft on record. <a href="https://www.trmlabs.com/resources/blog/north-korea-steals-usd-6-36-billion-from-binance-in-the-largest-hack-in-history" target="_blank" rel="nofollow external noopener" class="sc-adb616fe-0 dJryYS">>TRM Labs</a> said it made the attribution "with high confidence," based on "robust on and off-chain intelligence." It put the theft at about $6.36 billion, moved out of Binance <a href="/?post_type=post&p=5702" target="_blank" rel="noreferrer" class="sc-adb616fe-0 dJryYS">><span class="sc-fe458747-4 eaOPgC">wallets</span></a> on 10 blockchains, most of it in about 20 minutes from 4:05 p.m. ET on Thursday. That is about four times the <a href="https://decrypt.co/307990/fbi-links-north-korea-to-1-4-billion-bybit-crypto-heist" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">$1.5 billion Bybit hack</a> of February 2025, which the FBI attributed to the same group, TRM noted. <a href="https://www.chainalysis.com/blog/binance-exploit-latest-findings-and-response/" target="_blank" rel="nofollow external noopener" class="sc-adb616fe-0 dJryYS">>Chainalysis</a>, which put the total at about $6.4 billion, said the strongest evidence came when its investigators saw funds stolen from Binance commingling in real time with funds from last month's <a href="https://decrypt.co/379275/bitget-hack-183-million-crypto-exchange-wallets" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">Bitget exploit</a>, which had been <a href="https://decrypt.co/380005/chainalysis-ai-87m-bitget-hack-north-korea" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">attributed</a> to North Korean actors. A Chainalysis spokesperson told <i><a href="https://edition.cnn.com/2026/10/30/tech/binance-crypto-heist-hnk-intl" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">CNN</a> </i>the firm had "high confidence" North Korea was behind the hack. Singapore-based Pangolin Intelligence also told <i>CNN</i> it believed a North Korean hacking unit was responsible, based on "analyzing the on-chain activity related to this hack and correlating with information gathered from previous known incidents." North Korea has previously denied hacking allegations. TRM and Chainalysis both said the attacker's operational wallet was funded through Tornado Cash, a crypto mixer. TRM said that and other features, including staging that began well before the theft, matched earlier North Korea-linked attacks such as the Bybit hack and April's <a href="https://decrypt.co/364872/layerzero-pins-292m-kelpdao-bridge-hack-on-north-koreas-lazarus-group" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">KelpDAO exploit</a>. On <a href="/?post_type=post&p=5726" target="_blank" rel="noreferrer" class="sc-adb616fe-0 dJryYS">><s
CryptoQuant analyst Darkfost: HYPE hits a new single-day spot trading volume high of $16.2 billion on Binance.
According to Wu Shuo, CryptoQuant analyst Darkfost posted that HYPE's single-day spot trading volume on Binance hit a new high, reaching $16.2 billion, about 4.5 times the previous monthly daily average of $3.6 billion. Meanwhile, HYPE's price rose from about $81 to $97. Previously, ICE, the parent company of the New York Stock Exchange, and Tradexyz announced a partnership to launch a regulated 24/7 perpetual contract market in the United States based on HyperLiquid technology, covering stocks, commodities, foreign exchange, and crypto assets, subject to regulatory approval. ICE will be responsible for market operations and clearing, while Tradexyz will handle product design and implementation. Well-known investor Stanley Druckenmiller also publicly stated that he has invested in Tradexyz.
The Ministry of Commerce: China has for the first time included a source code protection clause in the China-Switzerland Free Trade Agreement.
MOFCOM announced that China has, for the first time, incorporated a dedicated clause on the protection of source code into the China–Switzerland bilateral free trade agreement. According to an interpretation by the head of the MOFCOM Department of International Trade and Economic Affairs, the agreement adds a special chapter on digital trade in the field of digital trade, with both sides committing not to impose tariffs on electronic transmissions, to strengthen personal information protection, to fully achieve digital customs clearance, and to reduce transaction costs. In addition, both sides have committed to cooperation in areas such as artificial intelligence and electronic bills of lading, injecting momentum into deepening bilateral digital economy cooperation. This move marks an important breakthrough for China in the development of digital trade rules. At the same time, the agreement incorporates non-discriminatory rules for telecommunications infrastructure, marking the first time China has reached such an institutional arrangement with a European country.