Binance set aside $6.34 billion for the loss and schedules a proof of reserves for 2 November

On the second day after the outflow, the cover figure is more concrete than yesterday's range. crypto.news writes that Binance set aside $6.34 billion for the loss and that it already holds $5 billion, about 80 percent, in the same tokens. Withdrawals open in stages. A proof of reserves is scheduled for 2 November. Kriptoteme, citing CoinDesk, writes that the compromise is wider than first thought. Chief executive Richard Teng says the attackers deleted evidence and bypassed security checks. The target is to restart withdrawals on Sunday. The site warns that the target is not a guarantee. CryptoSlate says about $3 billion stays frozen until the funds come back, and the headline of the same page says bitcoin deposits remain open.

Kriptoteme, again citing CoinDesk, writes that about 18,270 bitcoin was stolen, worth about $1.4 billion at publication. That is more than Tesla's reserves and more than double the reserves of El Salvador. Investigators cited by CoinDesk link the attack to North Korea. That is an attribution by that source. The Crypto Basic, citing Dickson Wu, spreads a loss of $6.28 billion across eight chains, of which ether is $3.74 billion and bitcoin $1.47 billion. Tether, Ripple, Circle, and Paxos froze more than $3 billion. In the same piece, Elon Musk mocked a security tip Changpeng Zhao had given before the hack. news.bitcoin.com reports that Lookonchain recorded 128.63 million ENA from a wallet labeled Ethena Coinbase Prime Custody toward Binance. EmberCN says 217.5 million ENA was stolen, so the transfers cover about 59 percent.

A separate Kriptoteme piece, citing CoinDesk, ties the attack to a 2025 Ethereum smart-wallet upgrade feature. The attacker had 50 valid signatures from Binance's own wallet. It is a bug in authorization logic, not a stolen private key. The site advises a review of permissions and on-chain delegations. This desk does not list the steps of that review. Aave was not hacked. An attacker deposited 60 million USDT and borrowed 19,762 WETH, about $44.6 million, after which reserves were frozen. CryptoSlate reports that the markets have reopened, but selected collateral has no borrow power. At 19:50 on 30 October @gravitycardano wrote about waiting for a company to allow a withdrawal. The post has 21 likes and 529 views. At 12:13 today @Lucasdb86 wrote that about 2,900 pools are visible and that the list is also a target list. The sentiment of that post is mixed. It has 48 views.

Westpac, Trezor, and Chainalysis

From 1 December, Westpac introduces a cumulative monthly limit of 10,000 Australian dollars per client on payments to crypto exchanges. There are no exceptions. Branch deposits to exchanges are abolished. CryptoSlate adds that withdrawals from exchanges to accounts stay unlimited. That is one bank's rule, not a ban on holding crypto.

On 30 October Trezor told customers who had bought through the former reseller CryptoBilis since March to move their funds. The occasion was a report from Indonesia of a suspicious extra component in a Trezor Safe 5 bought in August on Tokopedia. According to the report, that component could read the seed from the screen and send it over a mobile network. No losses have been reported. The device is not yet in a lab. Danny Sanders carries that for Cointelegraph, and Kriptoteme carries it on. This desk does not describe how such a component would be fitted.

Chainalysis, in a note of 30 October covering losses through 29 October, links about 89 percent of reported hack losses in 2026 to North Korea, against 15 percent in 2021. The average loss per attack rose from $50.65 million to $185.65 million, about 3.7 times. Cointelegraph reports today that Chainalysis itself had a cybersecurity incident. The mechanics of that incident are not described in this reading.

Strategy, Coinbase, and the headlines that were not opened

Strategy, according to the Kriptoteme headline, reported $20.91 billion of operating profit in the third quarter. Bitcoin Magazine, which the site cites, puts net profit at $19.53 billion, $44.75 per diluted share. Those are two rows. On 23 October Strategy held 848,517 bitcoin, worth $68.9 billion at the then price of $81,200, with an average cost of $75,446. The bitcoin yield for the year to date is minus 3.7 percent. Chief financial officer Andrew Kang is leaving. Coinbase's third quarter: of net profit of $719 million, about $715 million comes from crypto gains on its own balance sheet. Adjusted net profit is $78 million. Earnings per share are $2.51, against an expected loss of 15 cents. Revenue of $1.22 billion is flat on the quarter and down 35 percent on the year. Prediction markets bring about $200 million of annual revenue. That is Decrypt, via Kriptoteme.

The other Kriptoteme headlines inside 48 hours were not deep-read, so they stay here only as rows: the SEC sued two firms over a $130 million fraud, the XRP Ledger is tightening rules for restricted tokens, Circle is asking the SEC to treat a stablecoin as cash, the French Senate is discussing an exchange of crypto tax data, and a Swiss bitcoin ETF is mentioned. This desk does not retell the bodies of those pieces.

Sources: crypto.news, the cover, Kriptoteme, wider breach, CryptoSlate, frozen funds, Kriptoteme, stolen bitcoin, The Crypto Basic, the chains, news.bitcoin.com, ENA, Kriptoteme, permissions, crypto.news, Aave, CryptoSlate, Aave, @gravitycardano, @Lucasdb86, pools, Kriptoteme, Westpac, CryptoSlate, Westpac, Kriptoteme, Trezor, Kriptoteme, Chainalysis, crypto.news, North Korea, Cointelegraph, the incident, Kriptoteme, Strategy, Kriptoteme, Coinbase.