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After a $6.3 billion hack - the largest in crypto history - Binance transferred 7,499 BTC from its SAFU insurance fund. The fund's Bitcoin reserves have roughly halved: from ~15,000 BTC to ~7,500 BTC (about $583 million), and the exchange has not given a timeline for replenishing it.
The FBI officially named the North Korean group TraderTraitor as the culprit behind the October 29 Binance hack. After the findings were released, clients withdrew a net $3.64 billion - 2.1% of all exchange assets.
The American Federal Bureau of Investigation has officially named a group linked to the DPRK as the culprit behind the Binance hack last Thursday. About $6.3 billion in digital assets was stolen - this is the largest theft in the history of the crypto market.
After $6.3 billion was stolen from the exchange's wallets, Binance stated that it has returned about 90% of the withdrawn assets and aims to resume operations on November 1. Full cryptographic proof of reserves is promised by November 3.
On October 29, hackers breached Binance's hot wallets (the exchange's network-connected storage) and withdrew $6.3 billion in assets. Two days later, the story became political: Donald Trump said the administration was dealing with the incident, and letters demanding federal oversight of exchanges began arriving in Congress.
Tether (the issuer of USDT, the largest stablecoin - a coin whose exchange rate is pegged to the dollar) reported $1.5 billion in operating profit for the third quarter of 2026. Since the start of the year, the result has reached $4.5 billion.
On Thursday, about $6.3 billion was withdrawn from Binance wallets — the largest theft in crypto market history. The exchange has reserved $6.34 billion to compensate clients, but withdrawals for users still do not work.
Late in the evening on October 29, about $6.3-6.4 billion across 10 blockchains was withdrawn from Binance's hot wallets (network-connected storage from which client payouts are made). This is the largest theft in the industry's history - roughly four times larger than the $1.5 billion Bybit hack in February 2025.
Binance co-CEO Richard Teng stated that no traces of a private key leak (secret access codes to wallets) were found. At the same time, 11 keys of the exchange's hot wallets (wallets connected to the network for fast payouts) signed transfers to the attacker's address. Withdrawals from the exchange are still halted.
Strategy (Michael Saylor's company, the largest corporate holder of Bitcoin) reported third-quarter 2026 results with net income of $19.53 billion versus $2.79 billion a year earlier. Almost all of it is paper: it is a revaluation of crypto reserves, not business income.
Binance co-founder Yi He said withdrawals will begin to resume within 48 hours. The exchange halted withdrawals overnight after the attack, which it estimates caused $6.3 billion in damage, and promises to cover all user losses.
European countries will sell 42 million barrels of oil from strategic reserves over three months. France announced this, Bloomberg reports.
On October 26, miners (companies that mine new BTC) transferred 21,140 BTC to Binance in a single stream - about $1.7 billion at prices at that time. Their own reserves dropped to 1.19 million BTC, nearly a five-plus-year low.
Stablecoin reserves on Binance, the world's largest crypto exchange, fell from $43.2 billion to $41.1 billion in October - by roughly 5%. This is the largest net outflow since July.
Today at 15:30 MSK UK Finance Minister John Healey presents his first annual budget, and at 21:00 MSK the Fed will announce its rate. GBP/USD is already at 1.3300 - the lowest since October 19.
Japanese Finance Minister Satsuki Katayama said on Tuesday, October 27, that the government is ready for decisive action in the currency market. This is a direct hint at intervention - selling dollars from reserves to support the yen.
The US Office of the Comptroller of the Currency (OCC, the regulator of national banks) has granted Ripple final approval to launch Ripple National Trust Bank. Now the $2.5 billion in RLUSD stablecoin reserves will be managed under federal oversight.
SkyAI (traded on Nasdaq, formerly called Sharps Technology) completely sold off its treasury reserve of Solana - more than 2M SOL at an average price of $107.51 per coin. By October 16, it had $223.8M in cash and zero cryptocurrency.
The OCC (Office of the Comptroller of the Currency, a division of the Treasury that oversees national banks) has issued a final rule under the GENIUS Act. It is the first of several federal regulators to bring its rules to completion.
Over 30 days through October 19, 6.05 billion XRP were deposited to exchanges - the most since March. Total exchange reserves rose to 11.81 billion tokens, the 99th percentile for the year.
SkyAI (formerly Sharps Technology) has completely exited its Solana reserves - more than 2 million SOL - and instead of buying coins, is launching a buyback of shares and warrants worth up to $201.3 million
Last week, Strive increased its Bitcoin reserves by another 3,311 BTC. The purchase became part of a corporate strategy of holding BTC on the balance sheet as a long-term reserve asset.
Japanese Metaplanet announced the issuance of bonds worth ¥52 billion ($329 million). The funds will go toward repaying Bitcoin-backed loans and buying back shares, while the company does not plan to sell its 44,000 BTC.
Global exchange-traded funds backed by physical gold attracted $30.7 billion in the third quarter of 2026. This is the largest quarterly inflow in the entire history of observations, and metal holdings in the funds hit an all-time high.
