ImportantPANews
BTC breaks through $78,000, down 4.62% intraday
OKX market data shows that BTC has just broken through the $78,000 level, currently trading at $78,003.40 per unit, representing a 4.62% decline intraday.
More flash news
View allBreakingBinance Sets Aside $6.34B to Cover Hack Losses, CEO Says 'Your Assets Are Safe'
Richard Teng said the attacker used a self-destruct mechanism and an EIP-7702 delegation that bypassed Binance's normal approval controls.
Allora Freezes Stolen ALLO Tokens on Binance, Initiates Full Restitution, Total Supply Remains Unchanged
Allora has released an official update on the handling of the ALLO token theft incident on Binance.<p>Allora officially confirms that the Allora network itself and the entire ALLO token contract remain secure. All ALLO tokens held outside the Binance platform are unaffected by this theft incident, and the asset rights of regular token holders are not impacted.</p><p>In response to the theft of a portion of ALLO tokens stored on the Binance platform during this incident, the project team immediately activated the built-in emergency protection mechanism of the ALLO token contract, directly restricting the attacker's operational permissions over the stolen assets. The attacker is now completely unable to transfer, sell, or utilize these stolen ALLO tokens, and none of the stolen tokens have been moved out of the attacker's wallet or dumped on the market.</p><p>The Allora team is currently advancing the full restitution process for the stolen ALLO tokens. Upon completion of the restitution, the total supply of ALLO will remain at its original level, with no additional minting or deflation occurring, and the tokenomics model will retain its original specifications.</p>
Elon Musk, CZ Trade Blows Over SpaceX Shares After $6.4B Binance Hack
After Musk appeared to mock Binance’s $6.3 billion hack, CZ reminded him that the exchange’s $500 million bet on his Twitter takeover is now worth over $1 billion in SpaceX shares.
BreakingAnalysis Shows Nearly $2.8 Billion of Binance's Alleged $6.3 Billion Stolen Assets Have Been Frozen, $2.9 Billion Remain in Attacker Addresses
Disclosure of progress in handling large-scale stolen crypto assets<p>For this Binance-related theft incident involving an estimated $6.3 billion in total value, blockchain security firm BlockSec has released the latest statistical data on asset disposition, confirming that approximately $2.798 billion of the stolen assets have been successfully frozen to date.</p><p>The frozen assets are primarily composed of major stablecoins including USDT and USDC, and also cover pegged tokens such as wBETH, RLUSD, XAUt, and PAXG, spanning multiple categories of highly liquid crypto assets.</p><p>An additional ~$38.47 million worth of assets have been rescued and disposed of by the respective project teams or public chain authorities. Specific actions include the burning of approximately 984 million BEAM tokens, the removal of SNX and SAND assets via privileged operations, and the transfer of around 8,430 ETH and 74.56 million ARB to temporary frozen addresses by the Arbitrum Security Council.</p><p>As of the current time, approximately $2.9 billion of the stolen assets remain in addresses controlled by the attackers, with no freezing or recovery operations completed yet. Further follow-up is required for subsequent disposition progress.</p>
