News
Insights into the biggest events shaping the crypto industry.
Worried About Crypto Hacks? Buy Bitcoin Proxies in Stock Market Instead, Say Wall Street Firms
Wall Street analysts are telling clients the record-breaking hack of Binance is a buying opportunity, not a reason to flee, urging investors to scoop up crypto-linked stocks while prices are depressed. Analysts at Cantor Fitzgerald, TD Cowen, and Compass Point said in Friday research notes that the roughly $6.3 billion theft, the largest crypto hack ever, is unlikely to derail the broader market’s recovery. Myriad: Which company will IPO next? Click to make your prediction. The reassurance came...
Oct 30, 2026
Law and Order
Israel Extradites Alleged Nomad Bridge Exploiter to US Over $2.8M Theft: Report
Israel has extradited an Israeli-Russian citizen to the United States to face charges over the alleged theft of about $2.8 million from crypto bridge Nomad, Israel's State Attorney's Office announced on Thursday, according to a report in The Jerusalem Post. Alexander Block, formerly known as Alexander Gurevich, was transferred to U.S. authorities early Thursday after unsuccessful appeals in Israel. He was arrested at Ben Gurion Airport in May 2025 while preparing to fly to Russia, shortly after...
Oct 30, 2026
Opinion
Morning Minute: Binance’s $6.4B Hack Overshadows Hyperliquid’s Biggest Day
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our daily news show 'FOMO HOUR' covering all of the top stories and market action. GM! Today’s top news: Crypto majors rebound fall 1-2% alongside stocks; BTC at $77.5k Binance hacked for $6.4B by NK, roughly half frozen; Binance to cover losses out of SAFU fund AAVE forced to freeze v3 and v4 markets on Ethereum after attac...
Oct 30, 2026
Technology
TRM and Chainalysis Tie $6.4B Binance Hack to North Korea's TraderTraitor
Three blockchain analytics firms have attributed this week's hack of Binance to North Korea, with two of the largest naming TraderTraitor, a North Korean hacking group, as responsible for what both describe as the largest crypto theft on record. TRM Labs said it made the attribution "with high confidence," based on "robust on and off-chain intelligence." It put the theft at about $6.36 billion, moved out of Binance wallets on 10 blockchains, most of it in about 20 minutes from 4:05 p.m. ET on Th...
Oct 30, 2026
Technology
Trezor Warns CryptoBilis Buyers After Report of Hardware Implant in Safe 5
Hardware wallet manufacturer Trezor has warned customers who bought its devices from reseller CryptoBilis to move their funds, after a buyer reported finding a hardware implant inside a Trezor Safe 5, the company said on Friday. A customer in Indonesia reported the implant through Trezor's responsible disclosure program on October 28, according to a company blog post. The Safe 5 was bought from CryptoBilis through Indonesian e-commerce platform Tokopedia in August 2026. CryptoBilis update We've...
Oct 30, 2026
Business
Binance Finds 'Additional Points of Breach' in $6.3B Hack
Binance has uncovered "additional points of breach" in Thursday's security incident, which it estimates cost around $6.3 billion, the exchange said on Friday, after initially pointing to a compromised engineer's laptop. In an announcement late Thursday, Binance said a compromised DevOps engineer's laptop may have allowed an attacker to gain access to a service container and submit unauthorized withdrawal transactions. "We have found no evidence of any wallet private key leak," the exchange said....