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 weakness.
Crypto Exchanges Tighten Security After Record $6.3B Binance Hack
TLDR: Binance lost a record $6.3 billion in an attack that unfolded in about 20 minutes on Thursday. Tether froze nearly $1.57 billion and Circle froze $800 million of funds linked to the Binance hack. The breach may have started with a compromised…
Chainalysis Flags DeFi Receipt-Token Route in Binance Hack
A separate onchain example shows USDT deposited into JustLend, transferred as jUSDT and redeemed by another wallet.
Binance Co-CEO Says Attackers Used Self-Destruct Tools to Hide $6.3B Hack Traces
TLDR: Teng said multiple people took part in the roughly $6.3 billion Binance hack disclosed on October 30. Self-destruct mechanisms erased the attackers’ tools and traces, making the hack harder to trace. Attackers used EIP-7702 to gain on-chain…
The ‘Stealth’ Bear Market Is Getting Worse: 60% of S&P 500 Stocks Are Now Down 20%+
There's a major discrepancy between the S&P 500 and the value of most companies in it.
Aave Freezes tBTC Reserve After Threshold Pauses Minting and Redemptions
Repayments, withdrawals and liquidations continue, while Aave’s Ethereum Core market holds about $136.5 million in tBTC deposits.
USDC Circulation Falls $800M as Redemptions Beat Mints
USDC circulation redemptions outpaced new mints in Circle’s October 29 transparency window. Circle issued about $10.92 billion of USDC over seven days and redeemed about $11.71 billion. Net, that cuts circulation by roughly $790 million, leaving about…
Bank of England Opens Tokenized Collateral Door With 2027 Deadline for UK Clearing
Key Takeaways: The Bank of England is seeking input on tokenized collateral for central clearing. All tokenizable assets must be equally liquid and equally risky in terms of risk. The consultation will be open until Feb. 12, 2027. User Score 8.7 Follow…
Jupiter Lend Halts Withdrawals Amid $6.3B Binance Hack Fears Despite Zero Exposure
Key Takeaways: Following the liquidity crisis due to market turmoil after Binance’s security breach of $6.3 billion, Jupiter Lend has temporarily shut down withdrawals. The protocol claims it never had any exposure to Binance, there have been no funds on…
Why Didn’t Bitcoin Crash Harder After the Binance Hack? CZ Weighs In
CZ believes the headline $6.3 billion figure does not tell the full story.