Binance lost $6.3 billion in a hack that began at 21:05 on a Thursday evening. The exchange has suspended withdrawals. Chainalysis attributes the theft to TraderTraitor, a North Korean group previously linked to the 2025 Bybit hack.
Binance says the entry point may have been a compromised engineer’s laptop. It has promised to cover user losses first through its SAFU fund.
Fed holds, two dissent for a hike
The Federal Reserve left rates unchanged at its Wednesday meeting.
Markets still price a hike at the 8-9 December meeting at 86 percent. By our market data, as of 15:11 GMT on 2 November, bitcoin was trading at $77,755, down 0.27 percent and near its 31-day low.
Other moves in the week’s news
Intercontinental Exchange plans to operate Hyperliquid perpetual contracts in the United States. The HYPE token rose 15 percent after the announcement.
Circle has frozen about $823 million in connection with the hack. The Ripple National Trust Bank received approval from the OCC.
Related: Fed holds rates at 3.75%–4% in 10–2 vote; stocks edge higher
Source: Federal Reserve · Binance | Data: CoinGecko
