Flash News

TREE NEWS update: Binance suffered what is being described as the largest hack in its history, with $6.3 billion stolen, and has suspended all deposit and withdrawal functions. The exchange said it will bear all losses from the incident. The hack was reported alongside a global tech selloff in which Nasdaq futures fell 2% and Intel plunged 23% premarket.

TREE NEWS update: Israel’s Supreme Court has cleared the extradition of an alleged Nomad Bridge exploiter to the United States over a $2.8 million theft, ruling that exploiting a coding flaw can constitute computer intrusion even when the software permitted the transaction. The decision allows US authorities to prosecute the suspect for the 2022 bridge exploit.

TREE NEWS update: Binance said it has set aside more than $6.34 billion in matching tokens to cover hack losses, with the assets to be included in its next proof-of-reserves report. The exchange disclosed the reserve figure as part of its effort to back user losses tied to security breaches.

TREE NEWS update: Binance suffered the biggest hack in crypto history, with $6.4 billion stolen, just as Hyperliquid opened the door to a fully regulated perpetual futures offering inside the United States. The two events collided on what was otherwise Hyperliquid’s biggest day, with the exchange’s U.S. perps launch overshadowed by the record-breaking Binance breach.

TREE NEWS reports: TRM Labs and Chainalysis have attributed the $6.4 billion Binance hack to North Korea’s TraderTraitor group, the same actor behind the Bybit breach. Binance said it has set aside $6.34 billion of its own funds to cover user losses.

TREE NEWS update: Scroll has detailed plans for a permissioned AI network and a migration of its token to Ethereum, with the broader transition targeted for Q2 2027. Users will need separate plans to handle DeFi positions and other assets during the migration.

TREE NEWS update: Binance said a security incident on Oct. 29, 2026, moved roughly $6.3 billion out of its hot wallets, the largest publicly recorded crypto theft. About $3 billion has been frozen, mostly centralized stablecoins, while withdrawals remain paused as of 07:00 UTC Oct. 30, with the exchange expecting to begin restoring service within 48 hours. Binance said it will cover all losses through its SAFU fund and company capital. TRM Labs attributed the attack with high confidence to North Korea’s TraderTraitor group.

TREE NEWS update: Honor Terminal CEO Li Jian said in a livestream that the Honor Magic9 series now supports Arri’s LogC3 cinematic color pipeline for video and movie Live Photos, and that the company is working to adapt the Arri imaging mode to still photography. Li disclosed the roadmap during the broadcast event.

TREE NEWS update: The Zcash Community Grants group proposed redirecting about $124 million in existing and future funding toward mining rewards. Critics say the plan fails to address governance and accountability concerns as backlash grows. The proposal comes as the community debates how Zcash development funding should be allocated.

TREE NEWS reports: Bitcoin held above $76,000 on [date] despite a $6.3 billion Binance hack and a tech-stock sell-off that triggered $1.6 billion in liquidations, with momentum indicators pointing to a possible rebound.

TREE NEWS update: Binance estimated total impact of $6.3 billion from unauthorized withdrawal transactions submitted after attackers breached a DevOps engineer’s laptop and entered a service container, with about $3 billion of related assets frozen so far. The incident follows Bybit’s roughly $1.46 billion loss last year and Bitget’s approximately $387.5 million unauthorized transfer in September, with attackers increasingly targeting trust-chain links rather than private keys.

TREE NEWS update: Jupiter Lend said a liquidity crunch is delaying withdrawals, with its API showing just 3.35 USDC immediately withdrawable against 418.5 million USDC in Earn deposit claims. The shortfall leaves depositors unable to exit at once as the protocol works through the backlog.

TREE NEWS reports: Bitcoin traded below $80,000 as long liquidations hit $1.34 billion, with leveraged bullish positions being unwound. Ether funding turned negative on OKX, while bitcoin funding remained positive, signaling divergent sentiment across the two largest cryptocurrencies.

TREE NEWS reports: Machi Big Brother (Jeffrey Huang) had his ETH long position fully liquidated during a morning price drop triggered by a Binance hack, on-chain analyst Yu Jin reported on October 30. He then deposited 250,000 USDC into Hyperliquid to reopen longs now totaling $5.88 million across ETH, HYPE and BTC. His ETH position carries a liquidation price of $2,161, about $86 below the current price, and over roughly 18 months of trading on Hyperliquid he has logged $15.86 billion in cumulative volume and $37.05 million in cumulative losses.

TREE NEWS update: Block, Jack Dorsey’s fintech company, will push its crypto and payments platform Cash App into a full digital bank, adding stock, ETF and bitcoin trading, short-term loans, high-yield savings and a customizable debit card. Cash App now has 9.4 million users who treat it as their primary banking tool, up 17% year over year. The platform still faces stalled user growth and compliance pressure, and Block in August doubled its legal reserve for a multi-year US DOJ investigation to $526 million.

TREE NEWS update: Synthetix’s protocolDAO recovered approximately 8.4057 million SNX, worth about $1.5455 million, that were stolen from Binance, the protocol said. The tokens are held in protocolDAO’s Safe multisig wallet and will be returned to Binance at its request; Binance has been notified. Etherscan data shows the transfer from the “Binance Hot Wallet Exploiter 2” address to Synthetix protocolDAO at 07:03 today.

TREE NEWS reports: Security experts said attackers could have drained Binance’s wallets even without Ethereum’s EIP-7702 upgrade, but the upgrade may have helped bypass withdrawal safeguards and amplified losses. The assessment follows the Binance hack, in which the exchange’s wallets were targeted.

TREE NEWS update: Binance said it is working with partners to recover frozen assets, the exchange stated in a brief announcement. The statement gave no figure for the value of the assets involved, did not identify the partners, and did not specify which assets were frozen or why. Further details were not disclosed.

TREE NEWS update: Binance said it has begun restoring affected user assets and has set aside more than $6.34 billion in corporate funds to cover losses from the incident. Of that, $5 billion is held in the same tokens affected, with the remainder being bought through market and OTC channels, a process that may take time due to low liquidity and OTC settlement. The figure excludes frozen or protected assets, of which about $3 billion has been frozen as Binance works with law enforcement and partners on recovery.

TREE NEWS reports: Binance is cooperating with the FBI and the U.S. Secret Service to investigate a cryptocurrency theft case involving $6.3 billion. The exchange’s collaboration with federal law enforcement centers on the large-scale theft probe, the sources said. No further details on the investigation or the suspects were provided.