The newsletter reports that about $6.4 billion was stolen from Binance across three blockchains, with the final accounting still underway. Tether and Circle froze about $2.39 billion in tokens, while Binance said it had reserved more than $6.34 billion in company funds to cover losses; the source does not say those losses have been paid. Binance paused withdrawals on multiple networks and pointed to a compromised engineer’s laptop and additional breaches. Investigator ZachXBT suspects a North Korean group based on links to funds from an earlier exploit, but the source does not establish who carried out the theft.
Aave froze its DAO-operated V3 and V4 markets—292 reserves across 16 networks—after a wallet tied to the Binance exploiter deposited USDT and borrowed WETH. Separately, Trade.xyz announced an investment from Intercontinental Exchange and a plan for a U.S. perpetual-futures venue built on Hyperliquid; that venue still needs CFTC approval.
