News
Insights into the biggest events shaping the crypto industry.
Binance Sets Aside $6.34B to Cover Hack Losses, CEO Says 'Your Assets Are Safe'
Binance will cover every dollar lost in this week's hack with its own money, CEO Richard Teng said in a video address on Friday, adding that customer funds were never touched. "We are committed to covering all hacked losses through our company funds. Your assets are safe," Teng said, according to a transcript he tweeted. An update on the security incident. pic.twitter.com/qn2804fO5z — Richard Teng (@_RichardTeng) October 30, 2026 Binance has reserved more than $6.34 billion of company funds to...
Oct 29, 2026
DeFi
Binance Hacker Hunts for Exit Ramps as DeFi Exchanges Pause Markets
The attacker behind the wallets draining Binance is using decentralized exchanges such as Uniswap and Aave as exits, swapping stablecoins that issuers can freeze for Ethereum that nobody can, according to Etherscan records for 10 wallets, eight of them labeled as exploiters. Earlier today, wallets linked to the world’s largest crypto exchange were drained of at least $5.5 billion, with the total tally still climbing. The company said it was investigating the security incident but did not confirm...
Oct 29, 2026
Coins
Binance Drained of $5.5 Billion in Suspected Hack, Tether and Circle Freeze $1.8 Billion
At least $5.57 billion in crypto has left wallets linked to Binance across three blockchains in what appears to be a breach of the world’s largest cryptocurrency exchange. If confirmed as a hack, it would be the biggest crypto hack on record. Binance has not confirmed its exchange has been hacked but said it is aware of the “potential security issue and is actively investigating.” “We have not confirmed any impact to user funds,” the company posted on X. “Our security teams are reviewing all rel...
Oct 29, 2026
Business
Coinbase Swings to $719 Million Q3 Profit on Crypto Gains
Coinbase is back in the black, though much of that came from the crypto on its own balance sheet. The exchange reported third-quarter net income of $719 million, or $2.51 per diluted share, on Thursday, ending a two-quarter losing streak. Analysts had expected a loss of 15 cents per share, according to Zacks. But about $715 million of the profit came from gains on crypto Coinbase holds as an investment. Excluding those and other investment gains, adjusted net income was $78 million. Myriad: Whic...
Oct 29, 2026
Artificial Intelligence
Chrome Can Now Pull Details From Your Gmail to Fill Out Web Forms
Google’s Chrome browser can now pull personal details from your Gmail inbox to fill out online forms for you, the company said in its announcement on Wednesday. The update, called “enhanced autofill,” suggests order numbers, tracking information, and flight bookings when a form asks for them, wrote Amanda Lim, a Chrome product manager, in the announcement. Autofill is the browser tool that types in details like your name and address so you don’t have to. Myriad: Which company will have the best...
Oct 29, 2026
Technology
Polymarket Pauses Trading as Prediction Market Investigates Security Incident
Polymarket users are reporting that the prediction market’s frontend may be compromised, with assets being withdrawn from accounts without permission. The platform’s status page shows its trading API in a major outage and the exchange in cancel-only mode, meaning traders can pull existing orders but not place new ones. Relayer actions, which submit users’ signed transactions to the blockchain, are also paused. Polymarket later confirmed that one its third-party providers was compromised. "We hav...