Binance refills about 80% of stolen funds, withdrawals to resume in phases within roughly 34 hours Binance has prepared more than $6.34 billion in corporate funds to cover the recent security breach, with over $5 billion in USDC, USDT, BTC, ETH and BNB already deployed to refill roughly 80% of the stolen assets. The exchange said it has frozen about $3 billion on-chain and found no evidence of private key leakage so far. Withdrawals are expected to resume in phases over approximately 34 hours, with a first proof-of-reserves snapshot within 12 hours and results published by Monday.
CZ: Binance hack impact is far smaller than Mt. Gox for bitcoin Binance founder CZ pushed back against comparisons to Mt. Gox, noting the exchange lost around 650,000 BTC — more than 5% of total bitcoin supply — whereas the Binance incident, though valued at $6.3 billion, affects only the platform's own balance sheet and not user funds. He acknowledged the breach as a major setback for the industry and Binance but stressed that the exchange can absorb the entire loss. CZ also clarified that his earlier comments about holding SPCX shares were meant to demonstrate Binance's diversified asset base, not to threaten anyone.
He Yi: Net affected funds total about $3 billion, over 2% of user assets Binance co-founder He Yi said the net impact of the hot wallet hack amounts to roughly $3 billion-plus, representing slightly more than 2% of user assets and public reserves. She emphasized that user funds remain protected under the SAFU mechanism and that withdrawals were paused only to secure assets. He Yi also pointed to Binance's publicly available trading volume, fee revenue and quarterly BNB burn data as evidence against community speculation of self-dealing, while noting that $60 million in AAVE collateral could potentially offset part of the loss once formally released.
Japanese listed firm Iole to sell its entire 151.21 bitcoin position Tokyo Stock Exchange Growth market-listed Iole plans to sell all 151.21 BTC it holds between October 30 and end-November via crypto exchanges, prioritizing proceeds for AI data centers, AI computing power and its "Neo Cloud" business. The sale is expected to generate a loss of approximately ¥254 million ($1.7 million). Iole said it will continue holding Hyperliquid's HYPE token, which it began accumulating in July 2026.
SK Group chairman meets OpenAI CEO to discuss HBM supply and AI infrastructure SK Group Chairman Chey Tae-won held a lunch meeting with OpenAI CEO Sam Altman on October 31, with sources indicating discussions centered on high-bandwidth memory (HBM) supply and next-generation AI infrastructure development. SK Group has maintained close ties with OpenAI as a key partner in the Stargate large-scale AI infrastructure project. The meeting signals deepening collaboration between Korean chipmakers and AI developers amid intensifying global competition in AI compute capacity.
Hong Kong-licensed HKDAP stablecoin to launch natively on Solana Anchorpoint, a Hong Kong-licensed stablecoin issuer backed by Standard Chartered, Hong Kong Telecom and Animoca Brands, will bring its HKDAP stablecoin to Solana in what the network describes as its first public-chain partnership. HKDAP will support native minting and redemption on Solana, targeting use cases from retail payments to tokenized assets. The move positions HKDAP among regulated fiat-backed stablecoins expanding across major blockchain networks.
Cambodian casinos received $1.07 billion in crypto, with 64% tied to OFAC-sanctioned networks Cambodia's 34 physical casinos in Sihanoukville received approximately $1.07 billion in cryptocurrency between January 1 and September 7, 2026, according to TRM data. Roughly 64% of these funds flowed to casinos linked to networks sanctioned by the U.S. Treasury's Office of Foreign Assets Control, with 99.9% moved as USDT on the Tron blockchain. Monthly inflows averaged $148 million from January to May before declining to about $95 million in July and August, though activity has not fully ceased.
Japan asks Anthropic and OpenAI for broader access to advanced AI models Japan's government has formally requested that Anthropic and OpenAI provide greater access to advanced models capable of identifying cybersecurity vulnerabilities, Nikkei reported. Tokyo plans to encourage critical infrastructure operators to adopt these models as part of a cybersecurity package expected to be announced as early as next week. Prime Minister Takaichi Sanae has instructed cabinet members to accelerate cooperation with overseas agencies to identify attackers and address system vulnerabilities amid a wave of data breaches.
Apple Intelligence begins testing in China on November 4, integrates Alibaba Qwen Apple announced that its first batch of Apple Intelligence features, including live translation, writing tools, visual intelligence and photo cleanup, will open for testing in China starting November 4 via the latest iOS developer beta, with a full release slated for December alongside iOS 27.3. The company has partnered with Alibaba to integrate Qwen directly into Siri, writing tools and visual intelligence for Chinese users. Supported devices include iPhone 16 and subsequent models, iPhone 15 Pro series and iPhone Air.
CryptoQuant analyst: Bitcoin is showing more resilience than during the FTX collapse CryptoQuant analyst Axel Adler Jr. noted that bitcoin is currently testing the cost basis of short-term holders, with market reaction to the Binance hack remaining relatively restrained so far. Compared with the panic seen after FTX's collapse, the leading cryptocurrency has demonstrated greater structural resilience. The observation underscores a maturing market environment where single-exchange failures no longer trigger the systemic contagion effects seen in earlier cycles.
Ethena deposits 128.6 million ENA into Binance, likely for off-exchange repurchase Ethena transferred 128.6 million ENA tokens worth approximately $24.33 million to Binance within a two-hour window, according to on-chain analyst Yu Jin, who speculated the transaction may be related to Binance's off-exchange purchase of ENA to restore proof-of-reserves. Binance lost 217.5 million ENA in the October 29 breach and has been reported to be buying back stolen assets through both on-exchange and OTC channels. The movement highlights how token issuers are actively cooperating with exchanges to mitigate the hack's market impact.
