Morning Minute: Binance’s $6.4B Hack Overshadows Hyperliquid’s Biggest Day
Just as Hyperliquid opened the door to a fully regulated perps offering inside the U.S., Binance suffered the biggest hack in crypto history.
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Just as Hyperliquid opened the door to a fully regulated perps offering inside the U.S., Binance suffered the biggest hack in crypto history.
Both firms blame the group behind the Bybit hack, as Binance says it has set aside $6.34 billion of its own funds to cover user losses.
The hardware wallet manufacturer has yet to examine the device, but is treating the report as credible and told buyers to move their funds.
CEO Richard Teng said the attack was "not a single 'one-click' action," as Binance confirmed about $3 billion has been frozen.
Etherscan records show wallets tied to the suspected Binance hack swapping freezable stablecoins for Ethereum on decentralized exchanges.
An on-chain tally puts the suspected Binance drain at $5.57 billion across three blockchains, as Tether and Circle froze $1.8 billion.
Coinbase reported third-quarter net income of $719 million, driven largely by gains on its crypto holdings, as revenue held flat at $1.22 billion.
Chrome's new autofill uses Google's Gemini AI to search your Gmail for order numbers, tracking details, and flight bookings and fill them into web forms. It is rolling out in the U.S.
Polymarket restricted trading and paused relayer actions as users report funds leaving their accounts. A suspected attacker wallet holds about $2.65 million in POL, per Arkham data.
A hacktivist group says it took names, titles, and phone numbers of 41,000-plus DHS staff from a login system.
Only 13% of Americans say a candidate’s support for crypto growth is very important, according to a survey conducted by Ipsos for the DeFi Education Fund, even as the industry spends heavily on next week’s elections.
A third of Deribit's Bitcoin options settle Friday, a day after the Fed held rates with two officials voting to hike. Here's why that matters for Bitcoin's price.