TL;DR: A November 6 update from blockchain intelligence firm Elliptic says roughly $124 million of assets stolen in the October Binance breach …
hack
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Markets
Gate CEO says crypto exchanges must prove they can survive a hack like Binance’s
by shayaanby shayaanLin Han says Gate holds enough assets in cold storage to cover customer balances even if its hot wallets are emptied. An …
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Analysis
$2,850,000,000 in Crypto Involved in Binance Hack Frozen or Intercepted, Says CEO Richard Teng
by shayaanby shayaanThe co-CEO of the largest crypto exchange in the world says billions of dollars in crypto are now safeguarded by authorities and …
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Markets
South Korea's president says country needs a ‘cybersecurity czar’ following $6.3 billion Binance hack
by shayaanby shayaanLee Jae Myung said he wants a government-wide agency to tackle cyberattacks as AI raises security concerns across financial institutions and critical …
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Markets
Mercado Bitcoin pledges to cover all user losses after near $40 million hack
by shayaanby shayaanPartners like Tether, Circle, and Chainalysis helped freeze $11M of the stolen assets. www.coindesk.com
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Scams
Secret Service, FBI Join Binance Hack Probe as Circle Freezes $823 Million
by shayaanby shayaanIn brief Binance is working with the FBI and U.S. Secret Service after hackers stole $6.4 billion from the cryptocurrency exchange, according …
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It was not clear whether there was any immediate political advantage to be gained from the hack, which was widely attributed to …
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In brief U.S. spot Bitcoin ETFs shed $643.2 million on Friday, their biggest outflow of October, in the first session after Thursday’s …
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Markets
Binance opens crypto withdrawals in phases starting with bitcoin following $6.3 billion hack
by shayaanby shayaanBinance reopens customer withdrawals following a record $6.3 billion exploit. Bitcoin leads the first phase. www.coindesk.com
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In brief Bitcoin dipped to about $76,400 on Friday, roughly 6% below its post-Fed level, after Binance’s record $6.4 billion hack, versus …