ImportantDecrypt
Binance Hack Shows Why Offshore Exchanges Need US Oversight, CFTC Chair Says
Michael Selig said the record $6.4 billion theft shows why offshore exchanges should register with the CFTC and adopt U.S.-grade cybersecurity standards.
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View allRecall Foundation Announces Shutdown, Will Destroy Approximately 35.86% of Token Supply
Recall posted on the X platform stating that the Recall Foundation Board of Directors has resolved to shut down the foundation. The decision follows an assessment of protocol adoption, operational costs, and growth prospects, which concluded that continued development is not commercially viable, and is not related to any hacking or security incident. The foundation will destroy approximately 359 million RECALL tokens under its control, accounting for roughly 35.86% of the total supply. No distributions, redemptions, or buybacks will be provided to token holders. The foundation's remaining approximately $3.7 million in funds will be used to repay creditors and cover liquidation expenses. app.recall.network will switch to read-only mode starting November 30, and the foundation expects to complete liquidation in the first quarter of 2027.
Chainlink Reserve Increased Its LINK Holdings by 427,600 in October, Reaching a Total Position of 6.4751 Million LINK
Chainlink posted on the X platform that the Chainlink Reserve accumulated an additional 427,577 LINK in October at a cost of over $5.3 million, bringing its total current holdings to 6,475,076 LINK. Chainlink stated that the reserve is designed to support the long-term growth and sustainable development of the Chainlink network.
Apple: Apple Intelligence to Open for Testing in China Starting November 4, Integrated with Alibaba's Qwen
Apple has announced that the first batch of Apple Intelligence features will soon be launched in China, including real-time translation, writing tools, visual intelligence, photo eraser tools, and AI-generated emoji creation. These features will be available for testing starting November 4 via the latest iOS developer beta, and will be rolled out to Chinese users alongside the official iOS 27.3 release in December. Additionally, Apple has established a partnership with Alibaba, allowing Chinese users to directly access Qwen within Siri, writing tools, and visual intelligence. Supported devices include the iPhone 16 and later models, the iPhone 15 Pro series, and the iPhone Air. This update does not include next-generation Apple Intelligence features such as Siri AI that Apple unveiled at WWDC 2026.
BreakingInside the largest crypto hack on record: How attackers breached Binance for $6.3 billion
Record-Breaking $6.3 Billion Binance Hack Details Uncovered<p>Cybersecurity investigators have formally linked the largest recorded cryptocurrency hack in history, which targeted Binance, to North Korean threat actors. The total value of assets stolen in the breach reaches $6.3 billion, far exceeding all prior recorded crypto heists.</p><p>The attack exploited vulnerabilities in Binance's hot-wallet signing infrastructure, allowing unauthorized actors to gain access to critical key management systems that control outgoing transaction approvals. No details have been released on whether the vulnerability was a zero-day exploit, a social engineering compromise of Binance engineering staff, or a misconfiguration in the wallet signing workflow.</p><p>Tracking of the stolen on-chain funds shows the attackers have already initiated a multi-stage laundering process, splitting the large sum across hundreds of intermediate addresses before routing portions through mixing services and cross-chain bridges to obfuscate the transaction trail. Industry analysts note the scale of the breach far outpaces the 2014 Mt. Gox hack, which previously held the record for the largest crypto exchange theft at roughly $460 million at the time of the incident.</p>
President Trump says they’re looking into Binance hack as calls grow for crypto rules
Following the $6.3 billion hack of the world's largest crypto exchange, Binance, calls are growing for legislation.