On September 28, following the actions of Chinese cross-border brokers such as Futu, Tiger Brokers, Changqiao, and Huasheng Securities, some Chinese brokers in Hong Kong have also started to clean up their existing operations in mainland China. To comply with relevant regulatory requirements, Guotai Junan International has made partial adjustments to the services available for accounts of existing mainland investors starting from the 26th of this month. According to customer service representatives from Guotai Junan International, these adjustments are similar to those made by Futu Holdings and Tiger International, meaning that when existing mainland investor accounts log in from mainland China (with the login IP showing as mainland China), they will be unable to deposit funds or make purchases, and can only transfer funds out or sell. If the account is accessed from outside China, the account's fund transfer and trading functions remain unaffected. If customers obtain new identification, they must update their corresponding new document information, at which point they will not be subject to these restrictions as holders of overseas documents.
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Chinese Brokers Begin Cleaning Up Mainland Operations, Guotai Junan International Limits Account Deposits and Stock Purchases
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Trump: Monitoring Binance Theft Incident, Uncertain if North Korea is Involved
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Binance: Approximately 80% of Stolen Funds Recovered, Withdrawal Services to Resume in Phases Within 34 Hours, Initial Reserve Proof Snapshot Planned Within 12 Hours
On October 31, Binance released a security incident update at 3:33 AM, disclosing the progress of investigations and asset compensation over the past 24 hours. The announcement stated that on October 30, 2026, at 04:05 (UTC+8), Binance's hot wallet was attacked, resulting in a loss of approximately $6.3 billion in token assets. Binance clearly stated that it will fully cover the losses through the SAFU fund and its own funds, without passing the losses onto users. Currently, Binance has prepared over $6.34 billion in company funds, with more than $5 billion equivalent in assets such as USDC, USDT, BTC, ETH, and BNB already in place, and about 80% of the stolen funds have been replenished, with the remaining portion being purchased through market and over-the-counter trading channels. Previously, Binance had frozen approximately $3 billion in assets on-chain. Regarding the cause of the attack, Binance indicated that initial investigations suggested the incident might involve an infiltrated laptop, but subsequent investigations revealed other points of intrusion. No evidence of wallet private key leakage has been found, and further technical investigation results are expected to be released within approximately 48 hours. In terms of follow-up arrangements, Binance is working to resume withdrawal services in phases within approximately 34 hours, depending on the progress of security checks; it plans to conduct the first reserve proof snapshot within 12 hours and publish the results before November 2. Additionally, Binance will continue to collaborate with law enforcement agencies, blockchain intelligence firms, and asset issuers to track and recover the stolen funds, and will release a complete technical review report. -
He Yi: Withdrawal Resumption Expected in 42 Hours, Affected Assets Totaling $6.3 Billion
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