Flash News

TREE NEWS reports: Hackers behind the Binance breach raced to convert stolen stablecoins into cryptocurrencies that issuers could not freeze, as Tether and Circle moved to immobilize billions of dollars in assets. The attackers’ push to swap the funds came as the stablecoin issuers acted to block the stolen tokens.

TREE NEWS update: IPX unveiled its patent-pending atomic router, the core technology behind its protocol, ahead of launching IPX OS, IPX Exchange and the $IPX token on Base on Nov 17. The company said the router is designed to provide protected capital in the bonding curve, Coinbase-funded rewards and automatic graduation into liquid markets. No further technical or financial details were disclosed.

TREE NEWS reports: Jupiter Lend’s $414 million USDC vault has almost no liquidity available for withdrawal, the protocol said, citing broader market conditions. It said cash will free up as loans are repaid or new deposits come in, but gave no timeline for when that might happen. The disclosure leaves depositors facing limited exit options from the vault.

TREE NEWS update: Polymarket has launched 15-minute up-or-down prediction markets for gold and silver, expanding the fast-cycling product beyond crypto, Chainlink said. Polymarket confirmed Chainlink as the official oracle partner for its high-speed up-or-down markets. More commodities will follow, with stocks and forex to be added later.

TREE NEWS update: zkLink has launched a bounty program to recover funds affected by a recent security incident on zkLink Nova, offering up to 20% of recovered funds to security researchers or whitehat contributors whose information materially aids recovery. Eligibility and amounts are set by zkLink based on the value of the information. The exploiter may keep 20% as a whitehat bounty by returning all funds, with zkLink pledging no further legal action over returned assets.

TREE NEWS update: Allora said its network and ALLO token contract remain secure after some ALLO held on Binance was stolen in a breach at the exchange. The team triggered the token contract’s built-in emergency protection mechanism, preventing the attacker from moving, selling or using the stolen tokens, none of which have left the attacker’s wallet. Allora is returning the full stolen amount to Binance, with total ALLO supply unchanged.

TREE NEWS reports: About $2.798 billion of the roughly $6.3 billion stolen in the Binance exploit has been confirmed frozen, BlockSec said on October 31, mostly in stablecoins such as USDT and USDC along with wBETH, RLUSD, USD1, FDUSD, USDT0 and gold tokens XAUt and PAXG. A further $38.47 million was handled through rescue actions by projects and chains, including the burning of about 984 million BEAM and the transfer of about 8,430 ETH and 74.56 million ARB to a temporary freeze address by Arbitrum’s security council.

TREE NEWS reports: 1inch said its token was among the assets stolen from Binance and that blocking attacker access to its apps cannot freeze the tokens themselves. The 1INCH token slid 13%, extending losses beyond those of Bitcoin and Ether. The disclosure links the token’s selloff to the Binance theft, with the protocol noting that app-level blocking does not stop the stolen tokens from moving on-chain.

TREE NEWS update: Binance is rebuilding its withdrawal service after a breach it estimates at $6.3 billion. The attacker used EIP-7702 to bypass wallet controls, Teng said, and also destroyed tools and traces during the intrusion.

TREE NEWS update: Binance CEO said attackers behind the exchange’s hot wallet breach used a self-destruct mechanism to destroy their tools and traces during the operation. The attackers exploited the known multisig protocol EIP-7702 to gain on-chain execution rights over the hot wallet, which was the affected component. Withdrawals remain suspended while Binance rebuilds the service and will not reopen until strict testing is passed; a full proof-of-reserves report is due before next Monday.

TREE NEWS update: Ripio will compensate about 1,000 users after a pricing error on its wARS token, with the shortfall totaling no more than roughly $6,000. The Argentine exchange confirmed the figure, which comes as non-dollar stablecoins account for just 0.6% of the $302 billion stablecoin market.

TREE NEWS update: Tydro has restored new borrowing while keeping a reduced USDC cap, cutting the USDC borrow limit 31.2% to 51.6 million tokens. That leaves roughly $1.1 million of headroom at the time of reporting.

TREE NEWS reports: EIP-7702, an Ethereum upgrade that lets ordinary wallets execute smart contract code for batched and sponsored transactions, is behind the $6.4 billion Binance hack. The proposal enables wallets to run contract logic, a feature linked to the exploit that drained the exchange. Details of how the upgrade was exploited were not immediately specified.

TREE NEWS update: Aave has reopened its markets while keeping nine assets at zero loan-to-value, meaning they cannot be used as collateral. The collateral restrictions apply wherever those assets are listed, with different rules governing existing V3 and V4 positions. The protocol did not specify in the material which nine assets are affected.

TREE NEWS update: Uniswap, Andreessen Horowitz (a16z) and the DeFi Education Fund are asking Illinois to exempt wallet withdrawals and cross-chain bridging from a proposed crypto tax calculated on asset value. The groups also want the state to drop a recordkeeping requirement tied to private keys, arguing the rules as drafted would burden DeFi users and infrastructure providers.

TREE NEWS update: Tydro has unfrozen its markets following a precautionary freeze, but new borrowing remains blocked, the protocol said. Repayments, withdrawals and liquidations stayed available throughout the freeze. Tydro’s dashboard shows $62.36 million in outstanding borrows. The protocol did not give a timeline for resuming new loans.

TREE NEWS reports: A matched one-ETH arbitrage example shows that trading fees erode a quoted price gap, leaving less net profit than the spread implies. The analysis also notes that prefunding the trade shifts risk to the rebalancing leg rather than removing it, meaning the strategy still carries exposure after the initial transaction.

TREE NEWS update: Binance has allocated $6.34 billion to cover hack losses, with industry partners freezing another $3 billion in affected assets. The exchange disclosed the figures without specifying which incidents the funds cover or a timeline for payouts.

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 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.