Billions of dollars in cryptocurrency left Binance wallets, according to onchain data and industry analysts. Binance’s investigation found the security incident likely involved a compromised DevOps engineer’s laptop, which gave someone access to a service container to submit unauthorized withdrawals. Binance had not released an official loss figure; estimates ranged from $2.77 billion to $6.5 billion.
Prediction-market operator Kalshi raised $1 billion at a $40 billion valuation. A Nasdaq-listed company lost access to its bitcoin, and its stock fell 50%. Coinbase reported a $719 million net profit for the third quarter of 2026, but about $715 million came from gains on crypto investments; adjusted net income was $78 million. DTCC launched a tokenized securities service, though the review said it was unclear how retail investors could access the assets.
