Binance opens crypto withdrawals in phases starting with bitcoin following $6.3 billion hack
Binance reopens customer withdrawals following a record $6.3 billion exploit. Bitcoin leads the first phase.
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Binance reopens customer withdrawals following a record $6.3 billion exploit. Bitcoin leads the first phase.
While the FBI listed hundreds of addresses in its notice, Chainalysis said the Binance attackers have already used "thousands addresses," and expects this number to continue growing.
Eighteen years after Satoshi published the Bitcoin white paper, business owners are still covering the cost of a system built on bailouts, and they can protect part of their surplus by keeping it in bitcoin, argues Onramp CEO Michael Tanguma.
Two strangers befriended Magnus Ahmad outside a London bar. Hours later, thieves had emptied his crypto wallets, accessed his bank accounts and disabled his laptop.
Trade.xyz’s new ANT contract fell about 20% in its first hour on Hyperliquid. There are no shares behind it, and U.S. traders are locked out.
Binance is absorbing all losses through corporate funds, futures reserves, and SAFU, keeping user balances intact.
Easier access and growing familiarity are encouraging investors to stake their tokens, while falling rewards and withdrawal delays test the economics.
The pilot let Uber keep funds invested in money market products while accessing cash for payments, even on weekends.
Several companies offer access to bitcoin mining without the hassle of running equipment, but high costs and the 2028 reward halving make profits uncertain.
The Bitcoin white paper achieved a lot of what Satoshi Nakamoto set out to accomplish, but the cultural impact it had may outweigh Bitcoin itself, writes CoinDesk's Nikhilesh De.
Next Technology Holding cited exchange security and quantum computing risks in authorizing sales or loans against its 5,833 BTC. It says none of the coins are held at Binance.
The Binance hack has revived debates about whether decentralization is the digital asset industry’s greatest security advantage or its biggest point of weakness.
The 18,270 BTC haul is worth about $1.4 billion and comes within 442 coins of SpaceX’s disclosed holdings. Blockchain investigators link the attack to North Korea.
Anxiety about the AI boom has sent the Nasdaq 100 slumping by about 10% in just three weeks since hitting a record high on October 6, including a 4.5% drop on Friday.
Tether, Circle and others moved within hours to block billions in stolen crypto, but legal experts question whether smaller victims would get the same protection.
CEO Richard Teng said hackers erased evidence and bypassed security checks. Binance plans to publish its proof of reserves Monday.
Analysts at Cantor Fitzgerald, TD Cowen and Compass Point say the $6.3 billion Binance hack is unlikely to derail the crypto market's recovery.
Binance said it reserved its own funds to cover the $6.3 billion hack, including freezes of roughly $3 billion in stolen assets.
Your day-ahead look for Oct. 30, 2026
On Ethereum, the attacker used a 2025 upgrade built to make ordinary wallets smarter, armed with 50 signatures from Binance's own wallet.