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North Korea Stole $6.4 Billion From Binance. The Industry Froze $2.85 Billion Of It Within Hours. Nobody Is Talking About What That Actually Means

Everyone is covering the heist. Nobody is covering the response. And the response is the more important story. What Happened On the night of October 29, 2026, Binance began pausing networks. By shortly after 00:00 GMT on October 30, it had suspended all deposits and withdrawals. The announcement came from co-CEO Yi He on X. The reason: the largest crypto theft in history had just occurred. The FBI attributed the attack to TraderTraitor, a North Korea-aligned group responsible for more than $1 billion in previous crypto theft, including the Bybit hack in February 2025. This time, across 11 blockchains, the group extracted an estimated $6.3 to $6.4 billion in assets. About 82% of it moved on Ethereum and Bitcoin. Every crypto outlet ran the headline. The heist. The scale. The geopolitical angle. And almost every outlet missed what actually happened next. What The Industry Did In The Following Hours Within hours of the attack being detected, something happened that would have been impossi...
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Bitcoin Holds $76K as Analysts Say Markets Price ‘Political Gridlock’

Bitcoin edged higher at the start of Tuesday’s Wall Street session, trading around the mid-to-high $77,000s as a tech-stock rebound helped risk assets avoid a deeper slide amid uncertainty tied to upcoming US midterm elections. At the same time, energy markets moved in the opposite direction of heightened geopolitical concern: WTI crude traded near its lowest level since mid-October after investors digested a US strike on Iran’s Qeshm Island. The combination of steadier equities and softer oil helped ease short-term pressure on BTC. Key takeaways Bitcoin rose about 0.7% early Tuesday as US equities stabilized after Monday’s declines. BTC remained anchored near $77,000, with TradingView data showing it flirting with local lows near $76,300 from Friday. Wall Street uncertainty centered on the midterm elections, with analysts warning markets may be over-weighting optimistic polling scenarios. Oil prices slipped further to around $93.59 per barrel despite a fresh US strike related ...
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Moscow Exchange Set to Start Bitcoin, Ether, and USDT Trading in December

Moscow Exchange (MOEX) says it will start trading Bitcoin (BTC), Ether (ETH) and Tether’s USDT on Dec. 1, positioning the move as the first organized digital-asset market in Russia. MOEX said on Monday that pilot trades will begin as participants come onto the platform. Transactions will run on the exchange’s existing stock-market infrastructure and be cleared through the National Clearing Center (NCC), with trading hours set for 6:50 a.m. to 11:50 p.m. Moscow time. Key takeaways MOEX plans a Dec. 1 launch of spot trading for Bitcoin, Ether and USDT, initially using its established market and clearing infrastructure. Clearing will be handled via the National Clearing Center (NCC), with the venue offering same-day and next-day settlement plus swap transactions. Access for non-qualified investors will require passing a test and will be capped at 300,000 rubles per broker per year (about $3,700). The launch follows the Sept. 1 start of Russia’s regulated crypto trading framework, ...
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Crypto Policy Watch: What 2026 US Midterm Elections Could Mean

US voters head to the polls Tuesday in midterm elections that could redraw control of Congress and influence the direction of cryptocurrency policy. The stakes for digital-asset regulation are high: lawmakers’ committee leadership and the prospects for stalled bills affecting market oversight may hinge on the outcome. Crypto industry groups have spent heavily this cycle—about $176 million across more than 100 races , according to a Reuters report dated Oct. 27. Coinbase, Ripple and Andreessen Horowitz are among the major backers of Fairshake, a political network that has become one of the best-known vehicles for crypto political spending. Key takeaways Crypto-focused political spending totals roughly $176 million this midterm cycle, Reuters reported, with Fairshake among the central funding networks. Tuesday’s elections could determine which party controls Congress for the final two years of President Donald Trump’s second term, shaping regulatory attention and committee power. ...
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NEAR Token Drops 7% After Proposal to Reduce Annual Issuance

Near Protocol’s NEAR token slid despite a governance win that would gradually curb new token issuance. On Tuesday, NEAR fell by about 7% and was trading around $3.82 at 11:06 am UTC, extending its weekly decline to roughly 13%, according to CoinMarketCap. The market reaction is notable because the community approved proposal HSP-029 , a measure designed to reduce long-term dilution by lowering the maximum annual issuance rate from 2.5% to 1.6% over a 24-month period. Key takeaways NEAR dropped roughly 7% on Tuesday even after HSP-029 won near-unanimous community support. HSP-029 targets a reduction in maximum annual issuance from 2.5% to 1.6% across 24 months, with further dilution reduction effects expected over longer horizons. The proposal’s impact on staking yields is projected to lower gross staking returns from 5.2% to 3.3% by the end of the 24-month ramp. Execution is not immediate: the Security Council has a 14-day veto window, followed by ratification and a 90-day grac...
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Binance Net Inflows Rebound to $2.3B as Withdrawals Increase

Binance is seeing a sharp rebound in user activity after last week’s major incident, with net inflows of $2.3 billion recorded over the past 24 hours as withdrawals continue to be rolled back in phases. Data tracked by DefiLlama shows centralized exchanges overall returning to positive flow, a notable change from Monday’s heavy outflows. According to DefiLlama’s figures for 24-hour net inflows, Binance leads with $2.3 billion. Bitfinex recorded roughly $280 million, while Bitget logged about $127 million during the same period—signals that traders and depositors are moving funds back to exchanges after the disruption. Key takeaways Binance posted $2.3B in 24-hour net inflows, reversing part of the pressure from Monday’s outflows. DefiLlama data places Binance ahead of other centralized exchanges, with Bitfinex at about $280M and Bitget around $127M. Binance said hourly deposits were exceeding withdrawals by 03:00 UTC, indicating improving flow stability. Withdrawals were suspen...
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Binance Records $3.6 Billion In Net Outflows Since Restoring User Withdrawals

Binance has said it has processed over $3.6 billion in net outflows after the October 29 hack. The Federal Bureau of Investigation (FBI) believes hackers linked to North Korea were behind the exploit. Binance, the world’s largest cryptocurrency exchange, was hacked for $6.3 billion on October 29, forcing the platform to temporarily suspend deposit and withdrawal services. Binance Witnessing Substantial Withdrawals Besides processing just over $4.6 billion in withdrawals, the exchange also processed $1.01 billion in deposits, resulting in a net outflow of $3.64 billion. The outflows represent 2.1% of the platform’s $171 billion in total assets under management, according to a detailed post on X. Binance said it has covered 95% of the impacted funds. The outstanding 5% consists of smaller tokens which are less liquid and will take longer to source and cover. “Between 06:00 and 15:30 UTC on November 1, we processed $4.649 billion in withdrawals and $1.01 billion in deposits, resulting in ...
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