BreakingDecrypt
Binance Hack: Everything You Need to Know About the Biggest Crypto Heist in History

Attackers tied to North Korea drained roughly $6.4 billion from the world’s largest crypto exchange. Here’s what we know about how it happened, who’s behind it, and what comes next.
- #Hack
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Binance SAFU Wallet Transferred Out 7,500 BTC Half an Hour Ago, Potentially to Replenish Assets Required for Proof of Reserve
Per on-chain analyst monitoring, Binance's SAFU wallet transferred out 7,500 BTC (valued at $580 million) half an hour ago, an action likely intended to replenish the assets required for its proof of fund reserves. The address still holds 7,500 BTC at present. Subsequently, He Yi, co-founder of Binance, stated that the fund reserves for BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC have returned to the 100% level.
Binance replenishes 90% of stolen assets, targets Sunday withdrawals
Binance makes significant progress replenishing stolen user funds<p>The exchange has confirmed that 90% of the total value of recently stolen assets has been fully replenished as of its latest operational update.</p><p>The remaining 10% shortfall is made up of less-liquid altcoins that are not widely available on open markets. Binance states it is actively purchasing replacement assets for these remaining tokens via a combination of public market trades and over-the-counter (OTC) deals to avoid causing excessive price slippage for affected assets.</p><p>The exchange has set a target to restore full withdrawal functionality for all affected user funds by Sunday, allowing users to access their full balances without further restrictions once the replenishment process is fully completed.</p>
Ethereum Staking Volume Hits New All-Time High of 43.8 Million ETH, Q3 Annualized Yield Drops to 2.63%
Despite declining yields, institutions continue to increase their crypto staking exposure. Data from Bitwise shows that Ethereum's total staked volume has reached 43.8 million ETH, accounting for 35.9% of its total circulating supply and marking a new historical peak, while Solana's active staked volume has risen to 440.5 million SOL. However, the total staking yields for both networks have declined: Ethereum's average total annualized staking yield in Q3 fell to 2.63%, and Solana's dropped to approximately 6%. Bitwise noted that Ethereum recorded a net staking inflow of 1.99 million ETH in Q3, marking its sixth consecutive quarter of net inflows. The expanded staking base has suppressed overall returns. Coinbase stated that staking ETFs and digital asset treasury solutions are broadening access channels for staking participation.