Funds stolen from Binance passed through approximately 12,000 wallets in under four days, Elliptic found. The operation spanned 11 blockchains, while the firm assessed that only a negligible amount had likely been cashed out.
Key Takeaways
The operation used roughly one new wallet every 25 seconds.
Elliptic found conventional automation rather than evidence of AI agents.
About $3.24 billion…
XRP recorded one of its strongest days for new wallet creation this year after the Binance hack, according to Santiment. The increase contrasted with subdued prices, as the analytics firm suggested a possible shift toward self-custody.
Key Takeaways
Nov. 1 brought 7,934 new…
Tether said it froze more than $1.5 billion in stolen USDT within 30 minutes of the Binance hack, blocking access to those funds. The announcement followed the FBI’s attribution of the attack to North Korea.
Key Takeaways
The FBI attributed the theft of more than $6…
Ripple CEO Brad Garlinghouse sees XRP continuing to emerge as the institutional gold standard for crypto rails over the next five years. David Schwartz envisions mass retail adoption, with blockchain supporting how people manage money, receive payments, invest, lend, and borrow.
Key Takeaways
Ripple would prioritize XRP where it suited customer transactions.
Schwartz envisioned blockchain…
Grayscale points to tokenized funds and stablecoin payments as evidence that crypto is becoming embedded in mainstream finance. Its research chief argues that institutional adoption should help sustain the industry’s progress regardless of the U.S. midterm election…
Bitcoin Payment Processor Btcpay Hit by Hot Wallet Theft Reports
November 2, 2026
Btcpay Server issued an emergency shutdown warning Nov. 1, 2026, after reports that attackers were draining bitcoin from hot wallets connected to self-hosted payment servers. Founder Nicolas Dorier linked the reported compromises to versions predating 2.4.2, while indicating…
Trump Speaks on $6.3B Binance Hack as FBI Confirms North Korea
November 1, 2026
President Donald Trump said U.S. officials were looking into Binance’s $6.3 billion hack and acknowledged the exchange’s recovery assurances. The FBI subsequently attributed the theft to North Korea and warned of further laundering.
Key Takeaways
Trump addressed the hack before the FBI attributed it to North Korea.
North Korean actors converted stolen assets into ether, the bureau…
Michael Saylor expects the crypto industry to strengthen security after Binance’s $6.3 billion hack. The Strategy executive chairman also backed the exchange’s commitment to use its own balance sheet to make customers whole.
Key Takeaways
Binance said $5 billion was…
Binance’s wallet breach involved approximately $296 million in XRP transfers, blockchain investigators found. Ripple froze stolen RLUSD during the response, and the exchange subsequently said its XRP customer balances were fully backed.
Key Takeaways
Five Binance wallets…
Venture capital giant Andreessen Horowitz (a16z), Uniswap Labs, and the DeFi Education Fund are urging Illinois regulators to overhaul proposed cryptocurrency tax regulations, warning that the rules could effectively prohibit decentralized finance (DeFi) activity in the state while exposing users to serious security risks.
Key Takeaways
A16z, Uniswap Labs, and the DeFi Education Fund warn that…
