Thank you all for your continued support of @TrustWallet. I know this past week has been unsettling. While discussion around crypto security has picked up recently, security-related support requests we received have dropped by 39% over the last three weeks.
Self-custody gives you full control, but it also means on-chain habits matter more: rotate your wallets regularly, don’t approve unfamiliar dApps, verify every transaction before signing etc.
I want to personally reaffirm our principle: we treat all customer support tickets and customer reports with care. We capture on-chain usage logs in granular detail to help identify root causes and mitigate risks. We may decline cases where the evidence indicates that the issue resulted from actions taken by the user/ insecure devices.
If you’re unsure or have questions about security recommendations, just reach out to @HeyTrustWallet , we are here to help.
Thank you for your attention.
Who actually sets crypto prices?
At @AIBC_World , Atlas BD Lead @LRajeckyte joined the “Manufactured Markets” panel to discuss tokenization, institutional participation, underlying liquidity, and how exchanges and OTC markets influence price discovery.
More capital is coming onchain. Better market intelligence needs to come with it.
Withdrawal Update
Withdrawals have now been restored for the following assets and networks:
- Ethereum Network: USDC, USDT, ETH
- BNB Smart Chain (BSC): USDC, USDT, BNB
We will continue to restore additional assets and networks in phases following the completion of our security checks. Further updates will be shared through official Binance channels.
Binance is preparing to resume phase one of withdrawals on 2026-11-01 between 06:00 and 09:00 (UTC).
The first batch open for withdrawal covers 15 currencies across the 15 networks shown in the chart. Wallets for other currencies are still undergoing repeated security audits and perimeter checks which will be prioritized based on the platform's market cap, locked funds, and user base. The remaining tokens are being processed as quickly as possible. Thank you for your support and understanding💁🏻♀️
Binance's initial investigation suggests that the security incident may involve a compromised DevOps engineer’s laptop, which allowed an attacker to gain access to a service container and submit unauthorized withdrawal transactions. We have found no evidence of any wallet private key leak. We will share a detailed technical post-mortem once the investigation is complete and the facts are fully verified.
The estimated total impact sits at around $6.3B. We have worked with blockchain partners to freeze affected assets, with ~$3 billion frozen on-chain so far.
Binance will cover all losses from the SAFU fund and the company’s funds. User funds are safe. We will also publish an updated Proof of Reserves once the remediation is complete.
As an immediate precaution, Binance has:
- temporarily suspended deposits and withdrawals while security checks are completed;
- revoked the affected address authorisation;
- engaged law enforcement and blockchain intelligence partners to trace and recover funds.
Our teams are working around the clock to resolve this issue safely and thoroughly. We are working closely with our law enforcement partners to confirm the identity of these criminals and bring them to justice.
Please rely only on official Binance channels for updates. Please feel free to contact Binance Customer Support if you have any further questions.
https://t.co/ywB2mKFy0p
User funds are safe!
It does look like a hack on Binance. Appreciate the quick freeze from Tether (~$971m) and Circle (~$823m).
I don't manage Binance (.com) anymore, but as a shareholder, I expect all user funds will be fully covered.
binancecoin:native ’s 37th quarterly burn removed ~1.65M BNB (~$1.2B), its third-largest by USD value.
Floating supply is now 131.5M, down a third from 200M in 2017 and 68.5% of the way to the 100M target. Since 2017, ETH, ADA, TRX and XRP supply rose 21% to 64%, with SOL up 129% since 2021.
Released improvements to our liquidation heatmap. It's bigger and beautiful-er... And you can slide the toggle on the left to increase or decrease sensitivity, making it easier to see where the zones are. Our map also shows fully data points across the entire time period, i.e. it's very accurate. And if you're still not sure what you're looking at, just check the 3 big boxes at the bottom :)
And with that, here's to hoping we don't go to $77k.
Link to the map: https://t.co/jRD3RmGiLv
Ledger is investigating reports of loss of funds from users in South East Asia who purchased products from a reseller named CryptoBillis. As a precaution, and pending the results of our investigation, we have asked CryptoBilis to pause all sales and shipments of Ledger devices. We recommend Ledger users who purchased from this reseller in the last 90 days to not initiate set up if you have not done so yet. If you have set up your Ledger device, consider moving assets to a new Ledger signer (with new seed). We will continue to inform customers of updates as the investigation progresses.
Reach out to Ledger customer support through official channels with any questions: https://t.co/4p918UH8yb
Our CEO @davidsalamon joined @awscloud, Amber Group and OpenAI at the AWS Web3 AI Leadership Forum to discuss taking AI × crypto from demo to production.
The takeaway: trusted data is what turns a good demo into a real product 🔍
#TOKEN2049