FlashPANews
Zest Protocol: New Borrowing Activities Have Been Suspended Following the Binance Incident, the Protocol Holds No Exposure to Binance
Bitcoin lending protocol Zest Protocol posted on the X platform that out of an abundance of caution, it has suspended new borrowing activities following the Binance incident. All positions remain over-collateralized, the market remains healthy, and Zest Protocol's products hold no exposure to Binance. Zest stated that this measure is implemented to protect users, and borrowing services will be resumed in sync with the broader ecosystem shortly.
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Pundi X Labs: Approximately 3.75 Million PUNDIX in Binance Hacker Wallet Has Been Frozen
Pundi X Labs posted on the X platform confirming that PUNDIX assets are secure. Following the Binance hacking incident, Binance contacted Pundi X Labs to assist in freezing the stolen PUNDIX tokens. Pundi X Labs has frozen all 3,747,276 PUNDIX identified in the hacker's wallet, valued at approximately $365,513. No other known hacker wallets holding affected PUNDIX have been detected to date. Pundi X states it will continue to assist in protecting the broader crypto ecosystem.
Binance Investigation Update: Additional Intrusion Points Identified in Security Incident, Withdrawals Still Expected to Resume Within 45 Hours
Binance has released an investigation update stating that while initial probes suggested the security incident may have involved a compromised laptop, subsequent investigations have uncovered additional intrusion points. This is a sophisticated attack, and Binance is coordinating with law enforcement authorities to resolve the issue, while continuing to gather facts and will share further updates directly. Binance confirms that all losses will be fully covered by its SAFU Fund and corporate capital, and user funds remain secure. Binance notes that withdrawal services are still on track to resume within 45 hours, with deposit services unaffected. Capital outflows that occurred following the earlier withdrawal suspension have ceased. Binance is working with partners to freeze a large volume of affected assets, with approximately $3 billion already frozen to date, and will continue to release further updates via official channels.
Initia: Initia L1 and Rollups Scheduled to Resume Operations on November 2
Initia posted on the X platform stating that Initia L1 and its rollups are scheduled to resume operations on Monday, November 2, 2026. The chain upgrade will apply an independently audited MoveVM patch, isolate the attacker's remaining forged balances, and enable additional security measures without rolling back transaction history. Support for AUSD0, USDC.n, and WETH will be fully restored prior to the restart, and no user action is required. To protect users and liquidity providers, the Initia DEX will be paused for a short window, during which designated accounts will rebalance liquidity pools to market prices, with profits generated from the rebalancing returned to affected liquidity providers. Cross-chain bridges and exchanges are expected to resume withdrawals after network monitoring, and the withdrawal period for LayerZero OFT WETH and AUSD0 is set to 24 hours.
