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North Korea’s TraderTraitor Tied to $6.3B Binance Hack

Multiple blockchain and cybersecurity investigators say the suspected Binance hack that reportedly involved losses of around $6.3 billion is linked to North Korea’s TraderTraitor group. The attribution—made by TRM Labs, Chainalysis, and independent onchain researcher ZachXBT—builds on earlier suspicions of North Korean tradecraft and ties the incident to previous major thefts attributed to the same actor. While exact loss figures vary slightly across analysts, the key new development is the convergence of independent evidence: TRM Labs cites onchain and offchain intelligence, ZachXBT points to wallet-level fund flows across two separate incidents, and Chainalysis’ leadership characterizes the Binance theft as consistent with a broader pattern tied to TraderTraitor. Key takeaways TRM Labs attributed the Binance hack to North Korea’s TraderTraitor with “high confidence,” citing onchain and offchain intelligence. ZachXBT said funds from the Binance hack and the earlier Bitget explo...
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Binance Hack, $6.3B Losses: North Korea’s TraderTraitor Link Reported

Binance is treating a reported multibillion-dollar security incident as a targeted hack tied to activity on at least one Ethereum wallet, triggering rapid freezes by stablecoin issuers and blockchain security providers. As investigations continue, the exchange says the estimated total impact is around $6.3 billion and that $3 billion worth of crypto has already been verified as frozen. For users, Binance’s immediate priority is operational stability and containment. Deposits are operating normally, while withdrawals are expected to resume within 48 hours after the exchange completes a security revamp of its withdrawal process and related addresses. Key takeaways Binance estimates the hack’s total impact at about $6.3 billion, with $3 billion currently verified as frozen. Withdrawals are expected to resume within 48 hours; Binance says deposits remain operational. Frozen assets span multiple stablecoins and tokens, including USDT, USDC, RLUSD, USD1, XUSD and gold- and dollar-pegge...
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Saylor’s $30B credit push prompts strategy to plan more Bitcoin buys

Strategy, the largest publicly known corporate Bitcoin holder, says it is exploring a new financing approach that could scale its Bitcoin accumulation without depending on additional common-stock sales or further upward moves in BTC’s price. Speaking on the company’s third-quarter earnings call, executive chairman Michael Saylor suggested Strategy could create up to $30 billion in “digital credit” through preferred-share structures—potentially providing fresh capital for additional BTC purchases. The remarks underscore a continuing shift in Strategy’s capital strategy: rather than leaning primarily on convertible debt or issuing more common shares, management is emphasizing preferred-share mechanisms such as STRC to fund the next round of Bitcoin buying. CEO Phong Le also indicated that issuing digital credit would be the primary route to acquire more Bitcoin going forward. Key takeaways Michael Saylor said Strategy could potentially generate “$10 billion, $20 billion, $30 billion” ...
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OKX Survey Finds EU Investors Prefer Crypto Over Retirement Plans for Wealth

Europe’s retail investors are increasingly open to treating cryptocurrencies as long-term wealth tools rather than purely speculative assets, according to a new OKX survey published this week. In the countries polled—France, Germany, the Netherlands and Poland, alongside the U.S.—investors largely favored real estate as the asset most associated with lasting wealth, but a meaningful share still chose crypto over retirement products. OKX commissioned a survey of 1,932 adults aged 18 to 88 who reported having previously invested in crypto. Conducted by Pollfish between Oct. 14 and Oct. 18, the results show a clear split between Europe and the U.S. on whether digital assets should play a role in long-horizon financial planning. Key takeaways Across the surveyed European markets, 19% of respondents picked cryptocurrencies as the best fit for “lasting wealth,” versus 8% who chose traditional retirement plans. In the U.S., preferences reversed: 21% chose retirement accounts, while 12% se...
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Standard Chartered: Binance Hack May Boost Shift to DEXs

A major breach at Binance is prompting fresh debate over whether crypto trading will keep drifting toward decentralized exchanges, with Standard Chartered’s Geoffrey Kendrick arguing that investors should ultimately look again at Uniswap. In an email shared with Cointelegraph, Kendrick said the incident should further increase the trading share of decentralized exchanges (DEXs) relative to centralized exchanges (CEXs). Still, he cautioned that markets may need time to digest what happened before investors adjust positioning. Key takeaways Standard Chartered’s Geoffrey Kendrick expects the Binance hack to push more trading volume toward DEXs over the longer term. Kendrick urged investors to “re-engage” with Uniswap, arguing that DEXs have not shown the same exploit history as large CEXs. CoinGecko data cited by Kendrick shows the top 10 DEX-to-CEX trading ratio rose to 23.5% in Q2 2026, up 2.1 percentage points from Q1. Kendrick maintains a $100 Uniswap price target for 2030, bu...
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HTX to Pause Unlawful UK Crypto Ads After FCA Legal Case

Crypto exchange HTX has agreed to stop promoting its services to UK consumers after the UK’s Financial Conduct Authority (FCA) announced a settlement aimed at putting an end to unlawful marketing. The action underscores that firms operating from abroad can still be held to account under UK rules. According to the FCA, Huobi Global S.A.—the Panamanian company behind HTX—will not knowingly carry out illegal promotions, including through the exchange’s website, mobile apps, or social media. The undertakings run until October 21, 2031, and the settlement does not amount to an admission of liability or wrongdoing. Key takeaways HTX’s parent, Huobi Global S.A., agreed with the FCA to stop knowingly running unlawful promotions targeted at UK consumers. The settlement binds promotions made through core customer channels such as the website, apps, and social media. Under separate UK exit arrangements, eligible HTX users can request a one-time, limited withdrawal window, after which accoun...
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Unlimit Founder Invests $45M in Phase Blockchain Ahead of Mainnet Launch

Phase, a new blockchain focused on “smartphone-native” AI infrastructure, has secured a $45 million funding commitment from Kirill Eves, founder of Unlimit. The project says the money is earmarked for its first two years of development and would extend the company’s runway by another two years. Phase launched its blockchain on Thursday together with Phase Proxy, a routing service designed to help AI agents access websites through internet connections shared via smartphones. The company argues that this approach addresses a growing bottleneck in agentic AI: sites increasingly block or rate-limit automated traffic—especially when requests appear to originate from data centers. Key takeaways Phase says its $45 million commitment from Kirill Eves will fund four years of development, with the first two years covered directly by the commitment. Phase Proxy is built to reroute AI agent web requests through smartphone-shared connections to reduce blocks and rate-limits seen from data-cente...
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