ImportantPANews
Binance: Approximately $3.64 Billion in Net Outflows Following Withdrawal Resumption, Representing 2.10% of Total Assets
Binance posted on the X platform that it has resumed withdrawals in phases starting at 14:00 Beijing Time on November 1. As of 20:36, withdrawals for 15 networks and assets in the first phase have been fully restored. Between 14:00 and 23:30 on November 1, Binance processed a total of $4.649 billion in withdrawals and $1.01 billion in deposits, resulting in net outflows of approximately $3.64 billion, accounting for 2.10% of its $171 billion total assets (based on proof-of-reserves data from October 28). Binance stated that withdrawal volumes have declined and stabilized after an initial surge, while deposit volumes remain at relatively high levels. A new proof-of-reserves snapshot was completed at 8:00 on October 31, with the updated report scheduled for release on November 2. Remaining networks and assets are still undergoing testing, and arrangements for the next phase will be announced as soon as possible.
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View allHe Yi Debunks False Rumor That Binance Engineer Had Romantic Relationship With North Korean Spy Leading to Asset Theft
He Yi, Co-CEO of Binance, has issued a public clarification addressing false rumors circulating online.<p>He Yi posted on the X platform explicitly stating that the narrative claiming "a Binance engineer had a romantic relationship with a North Korean spy resulting in the platform's assets being stolen" is overly dramatic and completely inconsistent with the facts. She also pointed out that on-chain detective ZachXBT has never made any relevant statements, and the reference to ZachXBT in the related rumors constitutes a false association.</p><p>The false rumor was originally published by X platform account AlphaWire, containing unsubstantiated allegations that a Binance DevOps engineer was in a romantic relationship with a North Korean operative, and left their work laptop unattended on the day the alleged attack occurred. As the content spread across the internet, it was incorrectly attributed to ZachXBT, and the original related claims have never been independently verified.</p><p>As of now, the post spreading this false information has amassed over 220,000 views, sparking unnecessary speculation and panic within the crypto community. This official rumor-debunking effort aims to clarify the facts and prevent the false information from further spreading and misleading users.</p>
Senator Lummis: The CLARITY Act Includes a Law Enforcement Intelligence Sharing Pilot Program
U.S. Senator Cynthia Lummis stated that $6.3 billion worth of crypto assets were stolen this week, with thieves moving the funds cross-chain within minutes. Lummis noted that the CLARITY Act establishes a pilot program that allows crypto businesses to share intelligence directly with federal law enforcement agencies. She believes that coordinated action between the industry and law enforcement can stop the further movement of stolen funds.
He Yi Warns Against New Type of Scam: Fraudsters Impersonate Binance Official Announcements via GRAM Transfers
New scam method exposed<p>A new fraudulent scheme targeting cryptocurrency users has recently emerged. Scammers leverage Telegram's GRAM transfer function to send small amounts of GRAM tokens to regular users, while embedding forged Binance official announcement content in the on-chain transaction memo field.</p><p>The fake announcement falsely claims that the Binance platform has suffered a hacker attack and that users' assets stored on the platform are at security risk, creating panic among users. This induces users to transfer their personal crypto assets to the so-called "Binance Official Vault" address designated by the scammers, directly stealing users' funds.</p><p>He Yi, co-founder of Binance, has publicly posted on platform X to remind the broad cryptocurrency user base to watch out for this type of scam. Do not trust notifications related to platform asset risks released through unofficial channels, and never transfer personal assets to any address not publicly announced by official sources, to avoid unnecessary property losses.</p>
U.S. Tech Stocks Face Sell-Off; Intel Drops Nearly 26% This Week, Alphabet Falls 12.2%
All three major U.S. stock indices closed lower this week dragged by a tech stock sell-off: the S&P 500 declined 0.57%, the Nasdaq Composite fell 2%, and the Dow Jones Industrial Average dropped 0.85%. Intel's Q4 revenue guidance of $15 billion to $16 billion missed expectations, with its share price falling nearly 26% cumulatively for the week. Alphabet posted Q3 revenue of $127.58 billion, which fell short of forecasts, leading to a 12.2% weekly drop in its stock price. ServiceNow fell nearly 27% in a single trading day following its earnings release, while AMD dropped nearly 13% on Friday. Amazon's Q3 capital expenditure exceeded $77 billion, coming in above market expectations. The Federal Reserve maintained the interest rate range unchanged at 3.75%-4.00%.