Binance hackers raced to move billions before it could be frozen
Attackers raced to convert stolen stablecoins into crypto that issuers could not freeze as industry players like Tether and Circle moved to immobilize billions…
Tether’s excess reserves nearly double to $8B as Q3 profit hits $1.5B
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…
Coinbase leads crypto stock selloff following $6.3B Binance hack
Circle, Strategy and other cryptolinked stocks fell sharply Friday, a day after Binance disclosed a $6.3 billion security breach. Source：Cointelegraph
Crypto Biz: Bitcoin’s quantum threat is becoming an economic problem
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.…
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. Source：Cointelegraph
Bitcoin risks worst October in 12 years as tech sell-off spreads to gold
Bitcoin circled $77,000 as crypto markets navigated US stockmarket downside, while the gold price fell to its lowest in a year. Source：Cointelegraph
Will gold’s ‘infinite mint bug’ make Bitcoin more valuable?
A US fusion startup says it has turned mercury into gold. Could a potential increase in the gold supply strengthen Bitcoin’s claim to be a better form of…
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…
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 proofofreserves report. Source：Cointelegraph
Zcash grants group offers $124M compromise as governance backlash grows
Zcash Community Grants proposed redirecting about $124 million in existing and future funding toward mining rewards, but critics say the plan fails to address…
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 techstock selloff, as momentum indicators pointed to a possible rebound. Source：Cointelegraph
EIP-7702 didn’t cause Binance hack, but may have amplified losses
Security experts say attackers could have drained Binance’s wallets without EIP7702, but the Ethereum upgrade may have helped bypass withdrawal safeguards.…