Exchanges news
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President Trump says they’re looking into Binance hack as calls grow for crypto rules
Following the $6.3 billion hack of the world's largest crypto exchange, Binance, calls are growing for legislation.
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Worried About Crypto Hacks? Buy Bitcoin Proxies in Stock Market Instead, Say Wall Street Firms
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.
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Experts divided over Binance hack asset freezes, warn recovery is another matter
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.
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Coinbase (COIN) Misses Revenue Estimates as Users Fall, Armstrong Sets Up New Share Sales
Bitcoin Magazine Coinbase (COIN) Misses Revenue Estimates as Users Fall, Armstrong Sets Up New Share Sales Coinbase had a mixed third quarter. Revenue came in at $1.20 billion, below the $1.233 billion analysts expected, according to company filings. Subscription and services revenue did better,...
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Binance Hack: Why Bitcoin Didn't Crash Like It Did in 2018
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.
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Secret Service, FBI Join Binance Hack Probe as Circle Freezes $823 Million
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.
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Coinbase leads crypto stock selloff following $6.3B Binance hack
Circle, Strategy and other crypto-linked stocks fell sharply Friday, a day after Binance disclosed a $6.3 billion security breach.
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Recap: How Binance’s record $6.3B hack unfolded
A recap of Cointelegraph’s live coverage of the Binance hack, including early breach reports and the exchange’s full reimbursement pledge.
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Binance Sets Aside $6.34B to Cover Hack Losses, CEO Says 'Your Assets Are Safe'
Richard Teng said the attacker used a self-destruct mechanism and an EIP-7702 delegation that bypassed Binance's normal approval controls.
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Binance uncovers wider breach in $6.3 billion exploit, targets Sunday withdrawal restart
CEO Richard Teng said hackers erased evidence and bypassed security checks. Binance plans to publish its proof of reserves Monday.
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Elon Musk, CZ Trade Blows Over SpaceX Shares After $6.4B Binance Hack
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.
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1INCH Slides 13%, Extending Losses Beyond Bitcoin and Ether
1inch said its token was among assets stolen from Binance and that blocking attacker access to its apps cannot freeze the tokens themselves.... Read the full story at The Defiant
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Binance Attacker Used EIP-7702 to Bypass Wallet Controls, Teng Says
Binance is rebuilding its withdrawal service after a breach it estimates at $6.3 billion. Teng also said attackers destroyed tools and traces during the intrusion.... Read the full story at The Defiant
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How the Binance hack happened on-chain on Ethereum
The Binance hack is one of the largest heists of all time and relied, in part, on exploiting how wallet delegation functions on Ethereum. Specifically, the attacker appears to have deployed a sweeper contract and then sent 50 EIP-7702 authorizations targeting the address labeled as Binance 14, all...
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Binance’s Teng Sets Monday Reserve Report Deadline as Withdrawals Stay Paused
Teng said the Sunday withdrawal restart target remained on track within 40 hours, but reopening depends on the rebuilt service passing testing.... Read the full story at The Defiant
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SEC Charges Two Companies in $130 Million Crypto Trading Scheme
Bitcoin Magazine SEC Charges Two Companies in $130 Million Crypto Trading Scheme The Securities and Exchange Commission charged two foreign-operated, Colorado-incorporated companies with running a crypto investment fraud that used false federal filings to raise more than $130 million from tens of...
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Binance’s Teng Targets Sunday Withdrawal Restart After Hack
The co-CEO says Binance has reserved over $6.34 billion in company funds and plans to publish a full Proof of Reserves report by Monday.... Read the full story at The Defiant
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What is EIP-7702? The Ethereum Upgrade Behind the $6.4B Binance Hack
EIP-7702 lets ordinary Ethereum wallets run smart contract code, enabling batched and sponsored transactions. Here's how it works.
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Wall Street analysts urge investors to buy crypto stocks after $6.3 billion Binance hack
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.
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Blockchain Firms Link North Korea to $6.3 Billion Binance Hack
Bitcoin Magazine Blockchain Firms Link North Korea to $6.3 Billion Binance Hack Blockchain analysis firms Chainalysis and TRM Labs have linked the $6.3 billion Binance hack yesterday to TraderTraitor, a unit associated with North Korea. If confirmed at this scale, the theft would be the largest...
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Coinbase and Strategy Sink After Binance Breach
Both stocks extended their opening losses, outpacing Bitcoin’s 4.65% decline and the S&P 500’s 1.24% drop over the same window.... Read the full story at The Defiant
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Binance says it has $6.34 billion ready to cover hack losses
Binance has allocated $6.34 billion to cover hack losses, while industry partners have frozen another $3 billion in affected assets.
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Binance working with FBI to recover assets following $6.3B hack
Binance is working with law enforcement to recover $3 billion that is frozen, after setting aside more than $6.3 billion from the company’s funds to cover the shortfall.
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Binance says it holds $5B in matching tokens to cover hack losses
The exchange said it set aside more than $6.34 billion to cover losses and would include the assets in its next proof-of-reserves report.
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Morning Minute: Binance’s $6.4B Hack Overshadows Hyperliquid’s Biggest Day
Just as Hyperliquid opened the door to a fully regulated perps offering inside the U.S., Binance suffered the biggest hack in crypto history.
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TRM and Chainalysis Tie $6.4B Binance Hack to North Korea's TraderTraitor
Both firms blame the group behind the Bybit hack, as Binance says it has set aside $6.34 billion of its own funds to cover user losses.
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Binance arranges $6.34 billion to cover losses from record crypto hack
Binance said it reserved its own funds to cover the $6.3 billion hack, including freezes of roughly $3 billion in stolen assets.
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Here's how big bitcoin traders responded after the Binance hack hit
Your day-ahead look for Oct. 30, 2026
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Here’s how an Ethereum upgrade helped drain part of Binance’s $6 billion loss
On Ethereum, the attacker used a 2025 upgrade built to make ordinary wallets smarter, armed with 50 signatures from Binance's own wallet.
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Bitcoin price metrics hint at rebound as $1.6B liquidations follow Binance hack
Bitcoin held above $76,000 after a $6.3 billion Binance hack and a tech-stock sell-off, as momentum indicators pointed to a possible rebound.