Crypto & Web3
Latest from your sources
FOLLOW THE THREAD · Crypto & Web3

Crypto & Web3

@crypto

Latest items from public Crypto & Web3 feeds. Read the excerpt, check the publisher, and follow the story at its source.

Bitcoin ETFs sink into October outflows with $643M exit after Binance hack

US spot Bitcoin ETFs ended October with $515 million in net withdrawals, while Ether funds posted a record $1.61 billion in monthly outflows. Investors pulled $643 million from US-listed spot Bitcoin exchange-traded funds (ETFs) on Friday, pushing October’s net flows into negative territory as crypto markets faced volatility following Binance’s $6.3 billion hack. Friday’s withdrawals snapped four consecutive days of inflows, leaving the funds with $515 million in net outflows for October, their first negative month since June, according to SoSoValue. The funds still attracted approximately $361 million in net inflows for the year through October. BlackRock’s iShares Bitcoin Trust (IBIT) led Friday’s outflows with $234 million, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $20…

Read at Cointelegraph.com

BTCPay Server warns of hot wallet thefts running on outdated software

BTCPay Server urged operators to shut down their servers after receiving reports of unauthorized attackers draining funds from hot wallets. BTCPay Server has identified an attack vector affecting older versions of its payment software after receiving reports of attackers draining funds from users’ hot wallets. On Monday, the Bitcoin payment platform said its investigation identified an attack vector targeting instances running version 2.4.1 or earlier, which was released July 23, 2026. The project said it had received no credible reports of hot wallet drains among users running its latest release, version 2.4.7 and urged operators to update their installations.

Read at Cointelegraph.com

Bank of Korea probes financial firms’ exposure to crypto risks

The central bank is surveying 31 financial institutions on how a major exchange shutdown, prolonged crypto downturn or losses at another firm could affect their operations. The Bank of Korea has reportedly asked banks and brokerages about cryptocurrency-related risks, asking how they would be affected by a major exchange hack, a market crash or heavy losses at another financial institution. The central bank began surveying 18 banks and 13 brokerages on Oct. 23 as part of its first reported review of financial institutions’ participation in the virtual asset market, according to The Herald Business and Yonhap, citing financial industry sources. The survey includes questions about each institution’s crypto-related staffing and budgets, business activities and reasons for entering the market,…

Read at Cointelegraph.com

THORChain halts swaps after block reorg bug, slowing Binance hackers

THORChain node operators paused swaps involving assets on 10 networks, including Bitcoin, Ethereum, Solana and Tron. THORChain halted swaps across multiple blockchains on Saturday after an Ethereum block reorganization exposed a refund bug, which may have inadvertently slowed the movement of funds stolen from Binance, according to Chainalysis. According to THORChain, the incident began at 11:34 UTC on Saturday, when a one-block reorganization on Ethereum removed a 10 ETH deposit that THORChain had already credited. When the swap failed to meet its price limit, THORChain issued a refund against funds the vault had never received. The sender’s actual deposit was also refunded, resulting in an extra 10 ETH payout, which then triggered an automatic pause. An Ethereum block reorganization, or…

Read at Cointelegraph.com

Binance net outflows surge to $5.8B as withdrawals resume after record hack

The exchange says withdrawals surged after some services resumed but have since slowed, with the outflows representing a fraction of its roughly $171 billion in customer assets. Binance has recorded $5.8 billion in net outflows over the past 24 hours as customers withdraw funds following the exchange’s record $6.3 billion hack, according to data from DefiLlama. Binance said it began restoring withdrawals at 6:00 UTC on Sunday. By 3:30 UTC, it had processed $4.6 billion in withdrawals against $1 billion in deposits, resulting in net outflows of $3.6 billion. Separate data from DefiLlama showed $5.8 billion in net outflows over the preceding 24 hours, as funds continued leaving the exchange after its initial update.

Read at Cointelegraph.com

$3.64B flees Binance on reopen, THORChain co-founder opposes coin freeze: Hodler’s Digest

Binance has reopened withdrawals following the world’s biggest ever hack, and THORChain co-founder argues it should not halt the protocol to comply with FBI demands. Binance has reopened withdrawals for 15 blockchain networks, after $6.3 billion was stolen by North Korean hackers from its hot wallets late last week. Binance said today it had processed around $4.65 billion in withdrawals after reopening and received $1 billion in deposits. Founder Changpeng Zhao said that in the first 12 hours there had only been a 2.1% net outflow and that “98% choose to stay!” DeFi Llama’s Binance wallet tracker shows $4.54 billion in outflows over 24 hours, however its figures may include internal transfers or movements into new hot wallets.

Read at Cointelegraph.com

Tracked Binance wallets record $2.5 billion in outflows as withdrawals reopen after hack

Binance's tracked cryptocurrency wallets recorded $2,510 million in net outflows on Nov. 1 after the exchange resumed withdrawals following its $6.3 billion security breach. According to DeFiLlama data, the outflows included approximately $1,083 million in USDT, $912 million in Bitcoin, $385 million in USDC and $131 million in wrapped Ethereum. These outflows coincided with Binance's… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

Read at CryptoSlate

Make it part of your feed.

Sign up or log in to continue.