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Analysts at Cantor Fitzgerald, TD Cowen and Compass Point say the record $6.4 billion theft is a Binance security failure, not a crypto-wide threat, pointing clients toward proxies like Coinbase, Robinhood, and Strategy.
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.
Restoration estimates leave the practical test ahead: completed customer transfers and a separate reserve update. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Reddit shares are down 44% this week after CEO Steve Huffman warned that Google's AI-powered search features are cutting referrals, while weaker user growth and disappointing fourth-quarter guidance added to investor concerns.
Armstrong's plan covers about 60% of the 13.6 million shares, with the others being president Emilie Choi and board member Frederick Ehrsam.
The stablecoin issuer’s US Treasury holdings are comparable to those of major foreign holders, while its Bitcoin reserves were valued at $8.37 billion at the end of September. Tether reported $1.5 billion in third-quarter operating profit as its excess reserves nearly doubled to $7.95 billion, according to figures released alongside its latest attestation prepared by independent accounting firm BDO. The company held $191.5 billion in assets against $183.5 billion in liabilities at the end of September, leaving a reserve surplus of $7.95 billion, nearly double the $4.1 billion reported in June. Its assets included $132.4 billion in direct and indirect US Treasury bill holdings. That exposure is comparable to South Korea’s $134.2 billion in US government debt and exceeds the United Arab Emir…
Binance lost about $6.4 billion, the largest crypto hack on record, yet Bitcoin fell about 3%, against nearly 11% in 2018 when the exchange was last attacked.
The Q3 gap between stablecoin revenue and disclosed holder-rewards expense fell 16.6%, a calculation that excludes other costs and income. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Raymond and Isiah Garcia held a Minnesota family at gunpoint for more than nine hours, forcing the father to transfer over $8 million in crypto, in one of the clearest “wrench attack” prosecutions yet.
Bitcoin has survived several major hacks, often seeing its value drop, then setting off on a run that often ended in new all-time highs.
Binance says it has set aside $6.34 billion to cover losses from the breach and the FBI and Secret Service are now working with the exchange as investigators trace the stolen funds.
Circle, Strategy and other crypto-linked stocks fell sharply Friday, a day after Binance disclosed a $6.3 billion security breach. Shares of publicly traded cryptocurrency companies fell sharply Friday, with Coinbase dropping more than 13% a day after reporting a decline in third-quarter revenue, as the industry dealt with Binance’s $6.3 billion hack. Other crypto-linked stocks also declined, with stablecoin issuer Circle Internet Group (CRCL) falling more than 9% and Bitcoin treasury company Strategy (MSTR) dropping about 8%, according to Yahoo Finance data at the time of writing. Source: Yahoo Finance
Appia’s consultation findings expose a trade-off between pooling settlement liquidity and preserving competition among networks, with the architecture still open. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Strategy's Bitcoin stash grew 26% during 2026, despite recording a negative 3.7% BTC Yield.
Bitcoin faces mounting quantum security concerns as Ripple secures a US banking charter, USDC gains ground in Europe and VanEck adds BTC to a new ETF. The debate over quantum computing has raised serious questions about Bitcoin’s long-term security, but the economic consequences could emerge long before the technology seriously threatens the network. Muneeb Ali, founder of Bitcoin layer-2 project Stacks, believes quantum computing risks are already discouraging institutional investment, even as US spot Bitcoin ETFs have amassed more than $104 billion in net assets, according to BitBo data. He warns that BTC has only a few years to prepare for the transition to quantum-resistant security, a process that could take years given the network’s history of slow and contentious upgrades. For insti…
A recap of Cointelegraph’s live coverage of the Binance hack, including early breach reports and the exchange’s full reimbursement pledge. This article summarizes Cointelegraph’s coverage of the Binance hack as it unfolded. See the full timeline for detailed updates here. Hackers stole about $6.3 billion from Binance on Thursday, in what is now the largest cryptocurrency theft on record. Industry partners have frozen roughly $3 billion in affected assets, while customers await the reopening of withdrawals. TRM Labs traced the first unauthorized transfers to around 8:05 pm UTC Thursday, with Binance wallets drained across multiple blockchains. The attackers targeted hot wallets, which exchanges keep connected to the internet to process withdrawals.
Richard Teng said the attacker used a self-destruct mechanism and an EIP-7702 delegation that bypassed Binance's normal approval controls.
CEO Richard Teng said hackers erased evidence and bypassed security checks. Binance plans to publish its proof of reserves Monday.
The biggest hack in the crypto industry took place on Friday morning and sent shockwaves across the entire market.
After Musk appeared to mock Binance’s $6.3 billion hack, CZ reminded him that the exchange’s $500 million bet on his Twitter takeover is now worth over $1 billion in SpaceX shares.
