Binance finds wider breach in $6.3 billion exploit, aims to resume withdrawals Sunday

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Binance has uncovered a broader security breach linked to a $6.3 billion exploit, according to CEO Richard Teng. He said the hackers erased evidence of their activity and got past existing security checks. The exchange is targeting a Sunday restart of withdrawals. Binance also plans to publish its proof of reserves on Monday to show its holdings.

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Wall Street analysts urge buying crypto stocks despite $6.3 billion Binance hack

Analysts at Cantor Fitzgerald, TD Cowen and Compass Point have issued a view on the crypto sector following a $6.3 billion hack at Binance. They argue the breach is unlikely to derail the recovery of the crypto market. Based on this outlook, they are encouraging investors to consider buying crypto-related stocks. The source article provides limited further detail beyond this assessment and the firms' recommendation.

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Binance Arranges $6.34 Billion to Cover Losses From Record Crypto Hack

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Here's how big bitcoin traders responded after the Binance hack hit

Your day-ahead look for Oct. 30, 2026

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Ethereum upgrade enabled attacker to drain part of Binance funds

A bad actor exploited a 2025 Ethereum upgrade, which was designed to give standard wallets smarter functionality, to move assets out of Binance's holdings. The attacker reportedly used 50 signatures associated with Binance's own wallet to authorize the transfers. The episode is linked to part of a roughly $6 billion loss reported by the exchange. The article explains how the upgrade's features contributed to the drain. Further details on the scope and remediation were not specified in the source excerpt.

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