Coin Rush

🚨 BINANCE HACK: EVERYTHING WE KNOW (Updated Oct 31) The biggest crypto hack ever in USD. All facts in one place. Bookmark it 🔖 💥 WHAT HAPPENED • Oct 29, ~20:05 UTC: Binance hot wallets compromised (Binance's timing) • ~$6.3B in tokens stolen • Withdrawals paused; deposits and other services stayed up • CZ: biggest in USD, but Mt. Gox was bigger in BTC terms (650K BTC, 5%+ of supply) 🔧 HOW IT HAPPENED • Binance first pointed to a compromised laptop, then found additional breach points • Teng: an EIP-7702 delegation bypassed approval controls, self-destruct wiped traces • On-chain: the delegation was live 3h46m (20:24-00:10 UTC). One ~$2.5B sweep paid $0.92 in gas • Binance: no evidence private keys leaked • Reportedly (Bloomberg, via @0x_exit): Binance kept refilling wallets while hackers drained them. Every transfer was authorized • Full technical findings promised 📊 NUMBERS • $6.3B stolen • ~$3B frozen on-chain (Binance) • $6.34B company funds set aside • 90% covered (80% on Oct 30) • SAFU: 7,499 BTC (~$581M) moved • Per TRM (Oct 30): 18,270 BTC + 420K+ ETH still in hacker wallets 🛡️ BINANCE'S RESPONSE • "Binance will absorb the financial impact, not our users" • Funds used: SAFU, part of the Futures insurance fund, corporate treasury • Update #3: BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, ZEC are 100% backed • Last 10% = less liquid tokens, bought via market + OTC • SAFU to be topped back up to ~$1B 🕵️ THE HUNT • Reportedly North Korea: CNN says so, TRM points to TraderTraitor/Lazarus, ZachXBT links it to the $388M Bitget exploit. Not an official finding • Trump: US is looking into it, incl. whether North Korea (per Bloomberg) • Secret Service + Circle: trace, freeze, recover. "Early stages" • CFTC chair wants a federal registration option for exchanges • Chainalysis was breached too, but says it's UNRELATED 📉 MARKET IMPACT • BTC ~$77K • Spot BTC ETFs: -$643M on Oct 30, biggest outflow in 4 months • $600M longs liquidated in the first hours • Coinbase premium at a 4-year low • Macro piled on: hawkish Fed talk, oil spike, Nasdaq 100 correction 📅 WHAT'S NEXT • Sun Nov 1: withdrawals reopen (Binance: on track) • Tue Nov 3: full ZK Proof of Reserves (est., UTC) • Technical findings, frozen funds recovery, remaining 10% • Macro week: Mon ISM, Tue midterms + JOLTS, Wed ADP + ISM Services, Fri NFP 🧠 BOTTOM LINE Binance has the cash and a plan. The real test is withdrawals + a clean Proof of Reserves. Clean = relief. Any gap = pressure. 🔖 Bookmark this, I'll keep it updated. Follow @Cryptoc80166370 for live Binance news. #BinanceHack

🚨 Biggest crypto hacks EVER: 1. Binance '26: $5.6B+ (reported) 2. Bybit '25: $1.5B 3. Ronin '22: $625M 4. Poly Network '21: $611M 5. BNB Bridge '22: $570M 6. Coincheck '18: $534M 7. Mt. Gox '14: $470M ▶️Tonight may top #2–#7 combined! #Binance #Hack

🚨 FED HOLDS at 3.75–4.00%, but 10–2: two members voted for a HIKE. $BTC ~$80.8K after the news. Higher-for-longer = tighter liquidity for risk assets, crypto included. Presser with Warsh at 19:30 is the real catalyst. Risk-on or risk-off from here? 👇

🇺🇸 BIG: Ripple gets final OCC approval for its national trust bank. Everyone's celebrating Ripple's bank charter. But read it closely: the trust bank is built around RLUSD, not XRP. Huge for Ripple the company. What it does for XRP holders is a different question.

A Solana Prayer 🙏 Oh mighty Alpenglow Guide our SOL upward Past the doubters Beyond the noise Straight to $1,000 May finality be swift Fees remain low And liquidity flow Freely through every epoch Protect us from FUD Shield us from volatility And let the ecosystem flourish One day at a time One block at a time To the stars we go. Amen🙏 #Solana #SOL @CryptoCurb