Live Wire/Singapore
TRM Labs said on-chain data from Binance's hot wallets cannot be tied to individual users or countries, leaving Singapore's exposure to the $6.3 billion theft unknown, The Straits Times reported. Binance.com has remained on the Monetary Authority of Singapore's Investor Alert List since 2021, when the regulator ordered it to stop soliciting Singapore residents. Source: The Straits Times via The Star
Binance said Saturday it has replaced 90% of the roughly $6.3 billion taken from its hot wallet, up from about 80% a day earlier, with its ten most-held assets, including BTC, ETH, USDT and USDC, now fully covered. The exchange still plans to reopen withdrawals token by token on Sunday, Nov. 1, while a full zero-knowledge proof of reserves is expected around Nov. 3 UTC. Source: Cointelegraph
Coinbase said it had changed the systems it uses to hold crypto keys offline, describing the move as purely precautionary after the theft at Binance. Kraken said it was studying the incident for lessons for its own defenses, and OKX chief executive Star Xu called for a real-time alert system so exchanges can share attack data and freeze suspected stolen funds quickly. Source: Reuters via The Business Standard