The Binance Hack

Every flash and story on the Binance hack, in order from the first report.

DevelopingFirst report Oct 30 00:28Day 7Latest 00:29

1. Day 1Fri, October 30
2. 00:28
   FlashAave freezes all DAO-run V3 and V4 markets after Binance hacker borrows ETH
3. 12:25
   AnalysisBinance sets aside $6.34 billion as analysts tie record hack to North Korea

   A day after the largest theft in crypto’s history, Binance says it has ring-fenced more than $6.34 billion of its own money to restore customer balances, while two U.S. analytics firms name North Korea’s TraderTraitor unit as the likely culprit. Withdrawals stay shut, and the questions have moved from how much was taken to who pays and what rules change.

4. 12:30
   FlashOKX’s Star Xu urges shared exchange security rules after Binance breach
5. Day 2Sat, October 31
6. 12:22
   FlashSpot bitcoin ETFs lose $643 million in first full session after Binance hack
7. 12:25
   FlashCoinbase adjusts offline key storage as rivals react to Binance breach
8. 12:30
   AnalysisBinance hack hands Washington a fresh argument over exchange rules days before the vote

   Two days after the $6.3 billion theft from Binance, the fight has moved to Washington. The CFTC chair is pitching his voluntary registration plan for offshore venues, an industry group wants Congress to act before it adjourns, and the two parties are reading the same hack in opposite ways, three days before the Nov. 3 election.

9. Day 3Sun, November 1
10. 00:13
    FlashBinance says 90⁠% of stolen assets replaced, keeps Nov. 1 withdrawal target
11. 00:16
    FlashFBI blames North Korea’s TraderTraitor for Binance theft
12. 12:22
    FlashBinance reopens bitcoin and 14 other networks for withdrawals, says 95⁠% of stolen assets replaced
13. Day 4Mon, November 2
14. 00:29
    FlashBinance hackers move about $242 million through Tron in two days
15. 12:34
    FlashCircle says it has frozen more than $1.1 billion in USDC tied to Binance hack
16. Day 5Tue, November 3
17. 12:23
    FlashBinance’s SAFU fund down to about 7,500 BTC after covering hack losses
18. Day 7Thu, November 5
19. 00:29
    FlashBinance says 98⁠% of hacked assets replenished, widens reserve snapshot to 44 tokens