Our detailed market analysis is being prepared and will be published here soon — stay tuned for insights and trends.
By Sam Kessler and Vicky Ge HuangBinance suspended transactions Thursday as the exchange investigates the biggest cyber heist in history."It does look like a hack on Binance," Changpeng Zhao, Binance's founder, said in a post on the social-media platform X. "User funds are safe."Binance said late Th…
By Ankur Banerjee and Rae WeeHackers stole $6.3 billion from Binance, the world's biggest cryptocurrency exchange, in a record digital asset theft.Here's what we know so far:WHAT HAPPENED?About $6.3 billion of cryptocurrencies were drained from wallets that Binance uses to process transactions, acco…
BINANCE'S ZHAO: WE HAVE $1.X BILLION IN SPACEX ALONE
BINANCE CO-FOUNDER YI HE: COMPANY'S ANNUAL REVENUE IS SUFFICIENT TO COVER LOSSES, DOES NOT NEED TO SELL SPACEX SHARES - POST ON X
Increased volatility is to be expected in the wake of the Binance hack but the market reaction has been relatively orderly so far, says Fabian Dori, CIO at Sygnum Bank. He attributes that in part to the timely freezing of some affected assets and Binance's commitment to cover losses. Importantly, th…
Elon Musk suggested that superintelligent AI agents could eventually use crypto financial systems to obtain currency for themselves, reacting to reports that a suspected Binance hacker borrowed Ether against stablecoins before issuers froze billions in assets.Binance Breach Triggers Billions In Free…
By Jack DentonA $6.3 billion heist at cryptocurrency exchange Binance — perhaps the largest hack in history — should rattle the entire $2.5 trillion digital asset market.This isn't just about Bitcoin doubters reveling in schadenfreude.The cryptocurrency space was reeling on Friday amid news that Bin…
Binance does not need to sell its SpaceX shares because its annual revenue is enough to cover losses after hackers stole $6.3 billion from the crypto platform, co-founder Yi He said in a post on X on Friday.Binance founder Changpeng Zhao had written on X in an earlier reply to SpaceX CEO Elon Musk t…
By Anna SzymanskiMarkets have long been stuck in a wait-and-see mode ahead of the US midterm elections, another potential round of fighting in Iran and the latest sweep of AI earnings. With answers now set to come on all these fronts, the next few weeks could be some of the most consequential of the…
Binance is working with law enforcement around the world, including the Federal Bureau of Investigation (FBI) and the United States Secret Service (USSS), after hackers stole a record $6.3 billion from the platform, a person familiar with the situation told Reuters.The US embassy in London said it h…
BINANCE: HAS BEGUN RECOVERING AFFECTED ASSETS FOR USERS AND CONTINUES TO WORK WITH LAW ENFORCEMENTBINANCE: HAS RESERVED OVER $6.34 BILLION IN COMPANY FUNDS TO COVER INCIDENT, $5 BILLION ALREADY HELD IN IMPACTED TOKEN ASSETSBINANCE: THESE FIGURES DO NOT INCLUDE FROZEN OR PROTECTED ASSETS, WHICH REMAI…
The attackers behind the $6.3 billion Binance hack held more Bitcoin on Friday than crypto exchange Coinbase’s holding for investment and operation at the end of September.Blockchain analytics firm Bitquery traced 18,270 Bitcoin (BTC), worth roughly $1.4 billion, to 19 addresses linked to the attack…