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Arbitrum’s security council recovered 8,425 ETH and more than 74 million ARB from addresses linked to the Binance hacker without signatures from the attacker’s private key, CoinDesk reported. The recovered crypto was worth about $30 million. Using its emergency upgrade authority, which requires approval from at least nine of its 12 members, the council temporarily changed the code of Inbox, a core contract, moved the funds to a separate address, and then restored the original code. The recovered assets can be moved again only through an Arbitrum DAO governance vote. CoinDesk said the move had the clear purpose of recovering hacked funds, but it could also fuel debate over decentralization and user control of assets because it showed the Arbitrum community could forcibly move funds from specific addresses without a private-key signature. CoinNess previously reported that Arbitrum’s security council had frozen about $30.5 million in cryptocurrency stolen in the Binance hack.

Lee Chan-jin, governor of South Korea’s Financial Supervisory Service, has ordered a full inspection of external access points across the financial sector, including the virtual asset industry, in response to recent hacking incidents in the sector, Digital Asset reported. According to the report, the Financial Supervisory Service said on Nov. 3 that Lee reviewed each sector’s response status to the recent hacking incidents at an executive meeting and discussed ways to strengthen security. The watchdog said external access points connected to systems handling customer and financial company assets, where an attack could cause financial losses, should be checked first, and outside access should in principle be blocked until vulnerabilities are resolved. It also said security readiness needs to be stepped up further at virtual asset service providers and online investment-linked finance firms, where actual financial losses have occurred.

According to Manta, a zk-based Ethereum layer-two network, cross-chain interoperability protocol LayerZero (ZRO) will end support for Manta Pacific, the Manta mainnet, on Dec. 15. Users holding LayerZero-based OFT assets on Manta Pacific need to bridge those assets to another chain before Dec. 15 to maintain cross-chain transfer functionality.

Gravity said its native bridge now supports transfers of G from the Gravity layer-one mainnet to Ethereum. Users can transfer G in both directions between Ethereum and the Gravity L1 mainnet through the same interface.

A Russian programmer in his 20s was robbed of about 10.4 BTC after becoming a target for assailants who tracked signs of wealth from social media posts, Bits.media reported. Investigators found the suspects identified the victim’s wealth through posts showing luxury cars and overseas travel, then kidnapped, beat, and threatened the programmer before taking 1 million rubles ($16,410) in cash, along with an iPhone, a MacBook, and other items. The suspects then transferred about 10.4 BTC from the victim’s crypto wallet to an anonymous wallet. Total losses came to 84 million rubles ($1.38 million). Local police arrested five suspects on charges including kidnapping, robbery, and theft, and the suspects could face up to 15 years in prison if convicted.

Consensys, an Ethereum infrastructure developer, unveiled a technology stack called 'Sovereign Network Interoperability' to connect and coordinate transactions across financial institutions’ ledgers, according to its official blog. The solution supports cross-ledger transactions through cryptographic verification while keeping assets on existing ledgers, without separate bridges or trusted intermediaries. It supports four functions: collateral transfers, settlement of tokenized securities, inter-institutional and cross-currency payments, and trading in tokenized funds. Consensys said the stack is based on its proprietary cross-ledger interoperability protocol, CLIP, and is also expected to support major protocols including EEZ and IBC.

Bitcoin fell below $77,000 ahead of the U.S. midterm elections as selling in technology shares, led by semiconductor stocks, spread through the market, CoinDesk reported. The outlet said the U.S. semiconductor stock index fell 12% over the past three trading sessions, while the Nasdaq 100 dropped 10% from its peak and entered correction territory. The weakness also spread to Asian markets, with South Korea’s KOSPI falling more than 3%. BTC was down about 2%, giving back all of yesterday’s rebound, while ZEC plunged 10% to $1,140. HYPE and SOL also fell 5% and 3%, respectively.

U.S. spot Ethereum ETFs recorded a net inflow of $3.2 million on Nov. 2, snapping a five-session outflow streak, according to SoSoValue. Morgan Stanley’s MSSE posted a $3.2 million net inflow, while the other ETFs saw no net flows.

U.S. spot BTC ETFs recorded $6.68 million in net inflows on Nov. 2, reversing to net inflows after one day of net outflows, according to SoSoValue. - BlackRock IBIT: +$6.68 million

Solana Foundation said on its official X account that card payment volume using Solana-based stablecoins reached $141 million in October, up sevenfold from a year earlier and marking a record high.

The Ethereum Foundation has launched a website introducing how governments, international organizations and NGOs can use Ethereum as digital public infrastructure, according to its official blog. The site includes an overview of Ethereum, real-world adoption cases and practical materials. The foundation said Ethereum, as a shared infrastructure not controlled by any single institution, can help public bodies maintain independence, verify records on their own and cooperate with one another. As one example, the foundation pointed to Bhutan’s national digital identity system, in which individuals store digital credentials in their own wallets and selectively disclose only the necessary information, while service providers can verify the authenticity of those credentials without exposing personal data on-chain. It added that it also developed an Ethereum-based proof of concept that tested how aid groups could coordinate support efforts without sharing sensitive personal information with one another.

A wallet classified as belonging to the BlueMove hacker bridged 115,000 USDC from Ethereum to Hyperliquid and then bought 188.25 XMR at $608.43 per token, according to blockchain security firm PeckShield. BlueMove is a decentralized exchange on Sui and Aptos. It was hacked on July 11, when 710,670 SUI, worth about $529,000 at the time, was stolen from 389 locked liquidity pools.

U.S. CFTC Chairman Michael Selig said the Binance hack highlighted the need for U.S. oversight of offshore cryptocurrency exchanges, Wu Blockchain reported. In a recent CNBC interview, Selig said the incident showed offshore exchanges lacked safeguards on par with those in U.S. financial markets and argued for a framework that would allow exchanges to voluntarily register under the federal regulatory system and comply with corresponding cybersecurity standards.

South Korean exchange Upbit announced it will temporarily suspend deposits and withdrawals for Aerodrome Finance (AERO) starting at 9:00 a.m. UTC today due to a contract change.

Twelve major cryptocurrency hacks linked to or suspected of involving North Korean hacker groups from 2022 to 2026 caused about $9.74 billion in losses, BlockBeats reported. Citing statements from TRM Labs and the FBI, the outlet said the Binance hack accounted for about $6.3 billion, or 65% of the total. Other major cases included Bybit at $1.5 billion, Ronin and Axie Infinity at $620 million, Bitget at $388 million, DMM Bitcoin at $308 million, and WazirX at $235 million. The U.S. government identified the Binance, Bybit, and DMM Bitcoin hacks as the work of the North Korean hacker group TraderTraitor. Of the remaining nine cases, eight were classified as tied to the Lazarus group, while the Bitget incident has not been officially confirmed as North Korea-linked. The loss estimates were based on asset values at the time of each incident and include only key cases, meaning they do not represent North Korea’s full scale of crypto theft, according to BlockBeats.

UK-based fintech firm Revolut announced on X that it has become New Zealand’s first digital bank. The company did not disclose when it plans to launch specific banking services or provide further details on its operating plans.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $85.65 million liquidated (79.59% longs) - ETH: $54.42 million liquidated (67.42% longs) - SOL: $24.18 million liquidated (90.48% longs)

RWA tokenization platform Reserve said it still cannot independently verify the RSR balance held on Binance, and no timeline has been announced for resuming RSR withdrawals. Binance said it has covered about 95% of the stolen assets by value with its own funds and is continuing to buy the remaining roughly 5% of assets, including RSR. Binance plans to generate a new proof-of-reserves snapshot with more tokens on Nov. 4, a process it said will take about 40 to 50 hours, with results expected around Nov. 6. Withdrawals are being resumed in stages.

South Korea’s Unification Ministry took a cautious stance after North Korea was identified as the actor behind a hacking attack on cryptocurrency exchange Binance that stole about 8 trillion won in virtual assets, saying it was first necessary to determine the exact situation. According to Yonhap News Agency, a ministry official told reporters at the Government Complex Seoul on Nov. 3 that no information had been shared among relevant South Korean agencies regarding the matter, when asked whether the ministry agreed with a U.S. FBI announcement that North Korea was behind the Binance hack. On whether South Korea would join additional international sanctions against North Korea, the official said it would be appropriate to review response measures with relevant ministries based on an assessment of the situation, adding there was no need to mention the issue of additional sanctions at this point.

Binance announced it will gradually resume withdrawals for cryptocurrencies including USD1, FDUSD, RLUSD and USDE starting at 4:00 a.m. UTC today. The measure covers assets on nine networks, including BSC, Ethereum and Solana, and also includes the resumption of all bSTOCKS withdrawals on the BSC network. Binance had already gradually resumed withdrawals for major cryptocurrencies including BTC, ETH, SOL and XRP, along with USDT and USDC, on Nov. 1. The exchange said withdrawals will be enabled for each asset as security checks and service preparations are completed, while deposit services are operating normally.

A hacker-linked address suspected of stealing about $106 million from an EU-based institution accumulated 27,553 ETH worth $62.83 million over the past day at an average price of $2,280, according to on-chain analyst ai_9684xtpa. Earlier, on-chain analyst ZachXBT said assets worth about $106 million were suspected to have been stolen from an EU-based cryptocurrency firm.

PancakeSwap (CAKE), a decentralized exchange on BNB Chain, said it temporarily suspended its documentation site as a precaution after becoming aware of a security incident involving docs hosted on GitBook. The project said its own documentation was not compromised and its app was unaffected. During the suspension, documentation links will redirect to the homepage. PancakeSwap also stressed its documentation does not ask users to connect wallets or approve tokens.

AI-based hedge fund platform Numerer said on X it reviewed NMR tokens and Numerai wallets and contracts based on the attack route used in the recent Binance hack, adding that treasury assets, hot wallets and user funds are currently safe. The platform also said it is introducing additional security measures from Privy that users can optionally apply to strengthen wallet security.

An anonymous whale accumulating ZEC posted total losses of about $5.84 million as ZEC fell 9% today, EmberCN reported. The whale spent 31.78 million USDT over the past four days to buy 25,002 ZEC at an average price of $1,271 and is now sitting on an unrealized loss of about $3.26 million. At the same time, the investor opened a long position for 18,910 ZEC on Hyperliquid at an average price of $1,378, but fully stopped out the position for a realized loss of about $2.58 million after ZEC fell under $1,200 in early morning trading today. The unrealized and realized losses across the two positions totaled about $5.84 million.

About 21,064 BTC has been transferred out of Binance since the exchange began gradually resuming withdrawals on Nov. 1 after suffering a $6.3 billion hack last week, according to an analysis by on-chain analyst Murphy. Murphy said on-chain data showed Binance’s Bitcoin holdings fell from about 732,000 BTC before withdrawals resumed to about 711,000 BTC afterward, with the decline accounting for less than 3% of total holdings. Murphy added that Binance holds about $139.7 billion in on-chain assets, of which BTC and USDT make up about 60%, BNB 18%, and ETH 6%.