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Binance Withdrawals Reopened as Exchange Begins Recovery After $6.3B Hack

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TLDR Binance withdrawals reopened in phases after its $6.3 billion security breach, with Bitcoin becoming the first network to reopen as the exchange works to restore access to customer funds. Binance has started the first phase of its withdrawal recovery plan after suspending services following Thursday’s massive cryptocurrency theft. The exchange confirmed on November 1 […]
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FBI Confirms North Korea Was Behind The $6.3B Binance Hack

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TLDR; The FBI confirms the allegations and has officially attributed the $6.3 billion Binance hack to North Korea-linked hackers. FBI urges cryptocurrency exchanges, DeFi platforms, and blockchain service providers to block transactions associated with the stolen funds. The FBI said its investigation, conducted alongside the U.S. Secret Service and the Internal Revenue Service’s Criminal Investigation […]
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Bitcoin White Paper 18th Anniversary Highlights Concerns Over Fiat Money

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TLDR; Bitcoin’s 18th anniversary has renewed debate over the financial system Satoshi Nakamoto sought to challenge, with small businesses continuing to face the consequences of inflation, rising costs, and repeated financial bailouts. The Bitcoin white paper turns 18 on October 31, marking another milestone for the cryptocurrency originally introduced as an alternative to the traditional […]
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Chainalysis Hit by Cyberattack Amid Growing Crypto Industry Security Risks

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TLDR Blockchain analytics firm Chainalysis has disclosed a cybersecurity breach that exposed certain customer information, raising fresh concerns about data protection across the cryptocurrency industry. Chainalysis has confirmed that an external attacker gained unauthorized access to some of its internal systems and tools, exposing customer information including user IDs, full names, email addresses, and organizational […]
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Bitcoin ETF Outflows Hit $643M, but BlackRock Bucks Trend

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TLDR Bitcoin ETF outflows reached $643.2 million on October 30, erasing four days of inflows and pushing October into negative territory. BlackRock’s IBIT led Friday’s withdrawals but still finished the month with $932.1 million in net inflows. Ether funds also faced selling, with combined Bitcoin and Ether ETF withdrawals approaching $799 million for the session. […]
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Binance Recovers 90% of $6.3B Hack Losses – Withdrawals Set to Resume

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TLDR; Binance recovers 90% of the cryptocurrency stolen in its record-breaking $6.3 billion security breach, with the exchange targeting Sunday, November 1, to resume customer withdrawals. Binance has made further progress in recovering from one of the largest cryptocurrency thefts on record. The exchange also confirmed that customers holding ten major cryptocurrencies are now fully […]