Flash News

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.

TREE NEWS reports: The attackers behind the Binance hack held 18,270 BTC as of early Friday, a stash that tops Coinbase’s reported corporate holdings, along with more than 500,000 ETH. The figures put the hackers’ Bitcoin balance above the exchange’s disclosed corporate treasury.

TREE NEWS update: Synthetix’s protocolDAO has recovered 8.4 million SNX tokens stolen in a Binance hack, the protocol said. The tokens are now secured in the DAO’s Safe and will be returned once Binance requests them.

TREE NEWS update: Binance co-founder He Yi said on X on October 30 that the 60 million USDT the hacker pledged on Aave is not fully within the freeze scope, and that the hacker actually borrowed only $46 million worth of ETH against it. Once those funds are unfrozen through the law enforcement system, an additional $14 million can be recovered.

TREE NEWS update: Risk service provider LlamaRisk proposed lowering borrow caps across 27 Aave V3 reserves and draw caps on six V4 credit lines, setting new limits at roughly 1.02x pre-attack borrowing levels, the Aave governance forum showed on Oct. 30. The change would remove about $3.7 billion of unused capacity on V3 and $130 million on V4. In V3 Core, the WETH borrow cap would fall from 2.4 million to 1.79 million tokens, with USDT and USDC cut to 2.56 billion and 2.27 billion respectively. Aave froze V3 and V4 reserves after the Oct. 29 Binance hot wallet incident, and LlamaRisk said the attacker still holds large ETH, stablecoin and governance token positions.

TREE NEWS update: Standard Chartered said it provides digital-asset custody through its Luxembourg entity and its Dubai branch in the DIFC. The bank’s custody arrangement covers a mandate for LMAX spanning both jurisdictions, and a separate collateral link would let clients trade against tokens held in bank custody.

TREE NEWS update: Prediction markets Kalshi and Polymarket struck commercial partnerships with CNN, CBS News, Dow Jones and CNBC ahead of the Nov. 3 US midterm elections, with the outlets citing election trading odds in coverage. Election-related trading volume on the two platforms totaled about $1.5 billion. CBS News named Kalshi its prediction-market sponsor, while CNBC disclosed a deal involving customer-acquisition revenue sharing and a minority equity investment; The Wall Street Journal runs a Polymarket odds column on its homepage. Fox and CNN said they will not broadcast odds live on election night.

TREE NEWS update: LlamaRisk proposed reducing unused borrowing capacity on Aave by about $3.7 billion on V3 and $130 million on V4 ahead of markets reopening, while the existing freeze continues to block new loans. The plan targets unused capacity rather than active debt.

TREE NEWS reports: Strategy sold 5,552 bitcoin and bought 7,218 bitcoin in the third quarter, with its operating income coming entirely from a $20.9 billion markup on its bitcoin holdings. The company also disclosed that CFO Andrew Kang is leaving on Nov. 5.

TREE NEWS update: Cursor removed a tampered Claude Code VS Code extension, version 2.1.313, from its marketplace after it was found to collect host information and attempt to implant an SSH backdoor, the company said on X. The extension was not developed by Anthropic and affected up to 5,000 users. Cursor advised users to update Claude Code to version 2.1.314.

TREE NEWS update: Trezor has warned buyers who purchased its Safe 5 hardware wallet through CryptoBilis after a report alleged a hardware implant in the device. The manufacturer has not yet examined the device but is treating the report as credible and has told buyers to move their funds.

TREE NEWS update: USDT0 froze 6.18 million USDT0 that an attacker stole on Polygon following a hack of Binance, USDT0 co-founder zerolore said on Oct. 30. The team suspended its TRON–Ethereum bridge shortly after the breach was confirmed and, with KYT and compliance partners, caught a second theft on Polygon about 20 minutes later, freezing the funds before the attacker could swap them into unfreezable assets. Transfers between TRON and Ethereum resumed after Tether froze most of the stolen USDT, over $1.3 billion.

TREE NEWS reports: Coinbase said its prediction markets business is now generating $200 million a year, even as the exchange reported a slow crypto quarter. Mark-to-market gains in Coinbase’s own crypto investment portfolio lifted GAAP profit to $719 million, more than nine times the $78 million adjusted figure.

TREE NEWS reports: D-Wallet said the discussion around a Binance security incident has expanded from asset losses to custody models, operational permissions and fund availability. Users weighing self-custody must also assess credential storage, backups and everyday access needs, the wallet provider said. Complex management processes and frequent coordination can deter users from keeping up security features long term, so wallet products should make account rules easier to understand and asset access more convenient.

TREE NEWS reports: Netflix reported third-quarter earnings per share of $0.87 on October 21, settling OKX’s earnings prediction as Yes, while the corresponding perpetual contract fell about 5.30% from the pre-earnings US close to the first full post-earnings session close. OKX’s “Prophet Season 3” ran separate contracts on whether earnings cleared a preset threshold and whether price rose after the report. SpaceX, Tesla and Meta produced mixed combinations, showing earnings beats and price moves can diverge.

TREE NEWS reports: THORChain’s RUNE token rose 13% after Binance suffered a record $6.3 billion hack. North Korean hackers had previously used THORChain to move funds stolen from Bybit and Bitget, prompting calls for the protocol to intervene.

TREE NEWS reports: The hacker behind the Binance breach swapped $325 million to evade asset freezes, Chainalysis said in a findings report that put frozen assets at about $2.8 billion. The firm described transaction patterns suggesting automated laundering. The report did not specify the time frame of the swaps or the assets involved.

TREE NEWS update: Binance said a compromised engineer’s laptop may be to blame for hot-wallet losses it now pegs at $6.3 billion, and the exchange expects withdrawals back within 48 hours while vowing to cover the shortfall. TRM pointed to North Korea in its assessment, and ZachXBT said the loot crossed paths with Bitget exploit funds at one address.

TREE NEWS update: Binance has pledged to cover all losses from its SAFU insurance fund and company funds after a hack left a $2 billion gap, co-founder Changpeng Zhao said, pointing to SpaceX shares as a possible source of reimbursement. Zhao did not specify how the shares would be used to finance the payouts.

TREE NEWS update: USDT0 froze 6.19 million tokens linked to an exploit affecting Binance, the stablecoin network said. It also restored USDT transfers between Tron and Ethereum after a precautionary pause. The freeze targets funds connected to the incident, though the material did not specify the exploit’s date or the amount lost.