On October 24, South Korean cryptocurrency exchanges Upbit and Bithumb suspended deposits and withdrawals for Initia (INIT) and issued an investment warning regarding INIT. Upbit announced that on October 24, it confirmed a suspected security issue on the Initia chain, which could lead to increased price volatility for INIT, urging users to trade cautiously. Previously, Initia's official announcement stated that it had suspended L1 and its Rollup operations due to a security incident. Security researcher Spreek reported that attackers exploited a vulnerability to mint additional tokens, cashing out approximately $2.6 million.
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Upbit and Bithumb Suspend INIT Deposits and Withdrawals Following Attack on Initia
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TRM: High Confidence That $6.36 Billion Binance Theft Was Executed by North Korean Hacker Group TraderTraitor
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Binance Confirms Total Verified Freezes Amounting to $2.54 Billion
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Binance Marked Wallet Outflows Exceed $5.6 Billion, At Least $2.316 Billion Frozen
On October 30, on-chain monitoring revealed that the total outflow of assets from Binance's marked wallets is approximately $5.643 billion. The detailed breakdown includes $3.528 billion in Ethereum, $1.449 billion in Bitcoin, $628 million in Tron, and a total of $38 million across Arbitrum, Optimism, and Base networks. This statistic excludes change outputs and avoids double counting for subsequent transfers and exchanges. Tether and USDC issuer Circle have frozen at least $2.316 billion in stablecoins, which includes approximately $1.493 billion in USDT and $823 million in USDC. -
CZ: Approximately $1.794 Billion in Stablecoins Frozen, Binance User Funds Secure
On October 30, CZ stated that user funds are secure, indicating that this appears to be a targeted hacker attack on Binance. CZ thanked Tether and Circle for swiftly freezing the relevant funds, which amount to approximately $971 million and $823 million, respectively. CZ mentioned that he no longer manages Binance.com, but as a shareholder, he expects all user funds to be fully covered. Previously, Binance's official statement indicated that they are investigating potential security issues, and it has not yet been confirmed whether user funds have been affected. -
PhotonPay Completes $40 Million Series C Financing
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Iran Imports $2 Billion in Military Equipment
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