BINANCE SAYS IT HAS FULLY COVERED THE USER ASSETS HIT IN THE $6.3 BILLION HACK
Binance says it has finished covering the assets affected by the security incident and has published a new Proof of Reserves snapshot.
The FBI has tied the theft to North Korea's TraderTraitor unit.
Once a zero-knowledge proof is generated, users will be able to check for themselves that their assets are backed at least 1:1.
Binance hasn't said when that proof will be ready.
Bitcoin mining difficulty is set to drop about 7.8% on Friday, the biggest cut since June.
That leaves it 12% below its October 2025 record.
Miners finally get some relief, but miners would probably like it more if Bitcoin's price went up.
BTC is still 33% below where it was that day.
🚨️️ UPDATE: Binance says it has finished covering all user assets hit by the $6.3B hack.
A new Proof of Reserves snapshot, and a ZK proof will let users check 1:1 backing.
JUST IN: 🇺🇸 Stand With Crypto's Executive Director says "crypto voices made their voices heard" in mid-term races 👀
"In 2023 there were around 96 pro-crypto Stand with Crypto rated Congress people...this Congress should have over 300 pro-crypto Congress people" 👏
NEW: Brazilian exchange Mercado Bitcoin reopens accounts in read-only mode, a week after attackers drain an estimated $49M.
Customers can see balances as of November 2, the day of the hack, but cannot withdraw and have no date for when they can.
The exchange, which claims 4.8M customers, says it covers all losses with company funds.
It still has not explained how the attackers reached its wallets.
Withdrawals return via Pix only after users reconfirm their details, and only to accounts in their own name.
NEW: Coinkite CEO Rodolfo Novak (NVK) says it took a new AI model to find the Coldcard flaw human reviewers missed, and Bitcoin developers are pushing back.
The bug, in firmware 4.0.1 and later, bypassed the hardware random number generator and drained about 1,816 BTC, roughly $116M, from 5,200+ addresses between July 30 and August 4.
NVK cites at least 15 prior review efforts. James O'Beirne says he privately flagged Coldcard's randomness in May 2025.
A firmware update fixes new devices, not old seeds. Affected users need a fresh seed.
🚨 JUST IN: Trump-linked stablecoin USD1 has been scrubbed from UAE-linked prediction market ADI PredictStreet’s website, per Bloomberg.
Onchain data showed the platform actually used USDC for its transactions.
STABLECOIN SUPPLY JUST SHRANK THE MOST SINCE JUNE 2022
Total stablecoin supply fell $14.2 billion in the past 30 days, the fastest drop since the 2022 bear market.
Stablecoins are the dollars traders keep on exchanges to buy with, so less supply means less money waiting to buy Bitcoin.
Glassnode says a return to growth would be the first sign of new money.
🚨 BIG: MSCI will delete Strategy from its Global Standard indexes, including the MSCI USA Index, as of the close of Nov. 30, according to its November 2026 Index Review.
Index funds tracking those benchmarks must sell the shares. Strategy is not required to sell any bitcoin.
JUST IN: 🇺🇸🇨🇳 Commerce Secretary Lutnick reportedly stalled President Trump's efforts to restrict Nvidia $NVDA chip exports to China over fears it would start a trade war.