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Bitcoin hybrid layer-2 network BOB said wBTC.OFT will no longer be transferable out of BOB after Oct. 31 and advised users to migrate holdings to Ethereum. BitGo is changing wBTC’s interoperability standard from LayerZero to Chainlink CCIP, and the LayerZero endpoint is scheduled to shut down on Oct. 31 as part of the transition.

Chainalysis said in a report released today that the hacker behind the Binance breach swapped about $325 million in stablecoins into $285 million worth of Ethereum over roughly 20 minutes to evade asset-freeze measures. The blockchain analytics firm estimated total outflows from the incident at about $6.4 billion and frozen assets at about $2.8 billion. It said those figures were broadly in line with estimates from Binance, which put the amounts at $6.3 billion stolen and $3.0 billion frozen, and Arkham, which estimated $6.01 billion in outflows and $2.8 billion frozen. Chainalysis said it had identified North Korea-linked hacking group TraderTraitor, affiliated with the Reconnaissance General Bureau, as being behind the attack with a high degree of confidence. As decisive on-chain evidence, the firm pointed to real-time commingling between funds stolen from Binance and funds tied to the Bitget breach in September. It also said it detected sophisticated automated laundering patterns, including thousands of circular wallet-to-wallet transfers and the pre-transfer of 1 TRX to specific addresses.

DAO creation protocol DeXe said its protocol, smart contracts and DAO funds were not affected by the Binance hack, and the DEXE token contract was not compromised. The 127,565 DEXE stolen from Binance’s Ethereum hot wallet was transferred to the attacker and has already been fully sold for WETH on Ethereum-based PancakeSwap v3, DeXe said. According to DeXe, Binance said user funds are safe and it will cover all losses. DeXe also warned there will be no token migration, compensation claims or airdrop, and said any private messages claiming otherwise are scams.

USDT0 said it froze 6.19 million USDT linked to the Binance hack and resumed USDT transfers between TRON and Ethereum after temporarily suspending them as a precaution.

Prediction market bets tied to corporate earnings or key performance indicators may fall under the U.S. SEC’s supervisory jurisdiction, Cointelegraph reported, citing comments from the SEC’s enforcement chief.

Binance founder Changpeng Zhao publicly expressed displeasure with Elon Musk after Musk reacted to Binance’s recent on-chain security breach with a "😬" emoji. Zhao said he deeply respects Musk, but added this was not a moment for jokes. Zhao also said the value of Binance’s $500 million investment in SpaceX shares tied to Musk’s past acquisition of Twitter, now X, has risen to more than $1 billion. In light of that partnership, Zhao said he would appreciate at least a minimal show of support and solidarity.

An anonymous wallet reduced its BTC short position by 180.8 BTC, worth about $14.1 million, Odaily reported. The address now holds a short position of 3.15 BTC and has realized cumulative profit of $31.86 million.

CryptoQuant CEO Ki Young Ju said the Coinbase premium has fallen to its lowest level in four years. Ju said the last time it was this low was in November 2022, just after the FTX collapse, when Bitcoin hit a bottom. In Ju’s view, market sentiment is so bearish that it could instead be read as a bullish signal.

Binance said it will fully cover losses from the security incident using its SAFU fund and company funds. The crypto exchange said follow-up investigations found additional points of compromise and that it is responding in coordination with law enforcement. User funds remain safe and deposits have not been affected, Binance said. The exchange added it is maintaining its expected timeline to resume withdrawals after 45 hours, while saying the outflow of funds stopped when withdrawals were suspended and that about $3 billion in affected assets has been frozen so far through work with partners.

Metaplanet CEO Simon Gerovich said the Bitcoin network continues to operate normally despite the Binance hack. In a post on X, Gerovich said the network has processed every block normally since its 2009 launch and is functioning as designed in this case as well, adding that all of Metaplanet’s BTC holdings are stored in cold wallets with regulated professional custodians.

According to Web3 security data infrastructure provider GoPlus (GPS), an attacker on Oct. 29 withdrew 22.43129453 ETH and 11 ERC-20 tokens from zkLink Nova’s L1 custody contract in a single transaction. The stolen assets were worth about $797,016.48 at the time of the attack. GoPlus said the vulnerability was in the Arbitrator.claimMessage function, which records the hash of a message authenticated through the source chain’s official message-service callback in the temporary storage variable finalizeMessageHash. After the call, the value was not deleted and each call did not require a new authentication callback, allowing an already authenticated message to be reused.

Pundi X said it froze all 3,747,276 PUNDIX identified in a hacker wallet as stolen tokens, worth about $365,513. Binance requested that Pundi X freeze the stolen tokens after the hack, and Pundi X said no other hacker wallets holding the tokens had been identified so far.

Layer-1 blockchain Initia said it plans to resume L1 and rollup operations on Nov. 2. The chain upgrade will apply a MoveVM patch that has undergone an independent security audit and isolate the remaining forged balances held by the hacker, while preserving existing transaction records. Initia also said it plans to fully restore collateral assets in AUSD0, USDC.n and WETH, with no separate action required from users. Its DEX will temporarily restrict trading immediately after restarting and rebalance liquidity pool asset ratios to reflect market prices. Any proceeds generated in the process will be returned to affected liquidity providers. Asset transfers through bridges and exchanges will resume after network stability checks are completed. For security reasons, the withdrawal waiting time for LayerZero OFT-based WETH and AUSD0 will be set at 24 hours.

Coinbase added 643 BTC in the third quarter, bringing its total Bitcoin holdings to 17,954 BTC, according to Bitcoin Treasuries. Coinbase now ranks eighth among companies by Bitcoin holdings.

FUN fell 95% after a wallet tied to the Binance hacker sold a large amount of the token on decentralized exchange Uniswap, The Defiant reported. The attacker also sold RAD and OGN on Uniswap, while about 580 million unsold FUN was transferred back to a wallet, according to the report.

A well-known trader, dimethyltryptamine.eth, who bought PEPE for $251 and at one point recorded $100 million in unrealized gains, has bought an additional 45.08 billion PEPE worth $206,500 after large-scale selling by the Binance hacker, according to Lookonchain.

Trezor, the world’s second-largest hardware wallet maker, warned some customers to move their assets after receiving a tip that unauthorized hardware may have been inserted into Trezor Safe 5 devices sold by reseller Cryptobilis in August. Trezor said it has not secured the device in question, so it has not confirmed whether tampering occurred. No cases of customer fund losses have been reported so far. The company urged users who bought products from Cryptobilis since March to create a wallet with a new recovery seed and transfer their assets promptly.

Ult said it has begun using fees generated by its service to buy and burn CRO and has completed its first burn. The burn marks the first execution of a monthly buyback-and-burn program.

Mirae Asset Securities’ Hong Kong unit may add real-world asset trading to its integrated investment platform MAPS as early as early November, Edaily reported in an exclusive. The plan is to build a comprehensive financial infrastructure that allows trading of stocks, exchange-traded funds, cryptocurrencies, tokenized bonds, funds and structured products on a single platform. The Hong Kong unit had earlier said it would work with decentralized perpetual futures exchange GRVT on security token issuance and product development.

An anonymous whale identified as 58bro.eth sold 8,000 ETH over the past hour, according to ai_9684xtpa. The wallet withdrew more than $17.96 million worth of ETH from Aave and deposited it into OKX, then withdrew 10.5 million USDT to repay a loan.

South Korean exchanges Upbit, Bithumb and Coinone announced the delisting of BLUR at 6:00 a.m. UTC on Nov. 30. The exchanges said they determined that concerns tied to BLUR’s business viability and sustainability, as well as the potential for user harm under best-practice guidelines for virtual asset trading support, had not been resolved after the token was placed on a delisting watchlist.

South Korean exchange Bithumb said it will end trading support for CORE at 6:00 a.m. UTC on Nov. 30. Bithumb said the foundation’s explanatory materials were not enough to resolve the reasons for CORE’s investment warning designation, and after a comprehensive review of changes to the project’s business plan, the extent of those changes, procedural progress, and the virtual asset’s use, purpose, and functions, it decided the token no longer met its standards for maintaining trading support.

South Korea’s Financial Intelligence Unit under the Financial Services Commission said on Oct. 30 it had referred three illegal virtual asset operators for investigation: Aegis Ventures, TetherMax and SuperTrust. According to Newsis, the agency has also asked the Korea Communications Standards Commission to block domestic access to the websites and mobile apps of TetherMax and SuperTrust. The investigation referral and access-blocking request are part of efforts to strengthen the response to domestic business activities by illegal virtual asset operators and restrict local users’ access to illegal business sites.

Ballet founder Bobby Lee said the chances of recovering Bitcoin stolen in the Binance hack are extremely low, Bloomberg reported, citing a Bloomberg TV interview. Lee said the stolen BTC is already in the hackers’ possession, making stablecoins the only assets that can realistically be targeted for recovery. Even then, Lee added, freezing assets and actually getting them returned are separate matters, and recovery would require a lengthy process in cooperation with law enforcement agencies. He also said the limited drop in Bitcoin’s price despite a large-scale hack suggests the cryptocurrency market has matured.

Strategy plans to expand its Bitcoin holdings through preferred stock issuance, Cointelegraph reported. Michael Saylor, Strategy’s chairman, said on the company’s third-quarter earnings call, "currently, our balance sheet supports up to $30 billion in additional Digital Credit without issuing any new common stock or requiring further appreciation in BTC." CEO Phong Le said funding through preferred shares such as STRC will be a key tool for additional BTC purchases going forward.