Bitcoin held up better than expected after Binance hack, Strive CEO says
Strive CEO Matt Cole says the Binance hack has not changed his longterm case for Bitcoin, but cautions it is too early to call a market bottom.…
Binance says it has replaced 90% of stolen crypto after massive $6.3 billion breach
Binance is absorbing all losses through corporate funds, futures reserves, and SAFU, keeping user balances intact. Source:CoinDesk
A Nasdaq-listed company may sell $450 million bitcoin, citing Binance hack and quantum fears
Next Technology Holding cited exchange security and quantum computing risks in authorizing sales or loans against its 5,833 BTC. It says none of the coins are…
The $6.3 billion Binance hack paradox: Centralization made the hack possible, but also saved $3 billion
The Binance hack has revived debates about whether decentralization is the digital asset industry’s greatest security advantage or its biggest point of…
Binance $6.3B record hack sparks pre-election political chatter
Some political and administration figures tried to make hay of the biggestever crypto heist. Source:Cointelegraph
Bitcoin stolen from Binance tops Tesla’s holdings and is over twice El Salvador’s reserve
The 18,270 BTC haul is worth about $1.4 billion and comes within 442 coins of SpaceX’s disclosed holdings. Blockchain investigators link the attack to North…
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…
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…
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
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
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. Source:CoinDesk
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. Source:CoinDesk