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Binance Hacked: $6.3 Billion Lost, Withdrawals Paused

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Binance Hacked: $6.3 Billion Lost, Withdrawals Paused
Binance, the world's biggest crypto exchange, says hackers hit about $6.3 billion in a security attack on Thursday. It is the largest crypto theft ever. Binance says user funds are safe and it will cover all losses.

What happened in the Binance hack

On Thursday, October 29, users and blockchain trackers noticed large amounts of crypto leaving Binance's hot wallets. A hot wallet is a wallet connected to the internet, used to process everyday withdrawals. Binance first said it was "actively investigating" a potential security issue. Later it confirmed a security incident and suspended withdrawals on multiple networks as a precaution.

Binance said its early investigation points to a compromised laptop belonging to a DevOps engineer. A DevOps engineer manages the systems that run a company's software. The company says that access let an attacker reach a "service container" and submit unauthorized withdrawal transactions. Binance also said it found no evidence that any wallet private keys leaked, and it promised a detailed technical report after the investigation.

binance exploiter fund flow

Binance hack: key facts

  • Amount: About $6.3 billion, and the number may change.
  • Frozen: About $3 billion has been frozen so far. Tether froze about $1.77 billion and Circle about $825 million.
  • Cause: Binance says a hacked laptop of one engineer let the attacker send out unauthorized withdrawals. It found no sign that wallet keys leaked.
  • Who did it: Binance has not said. TRM Labs says it is "highly confident" the North Korea-linked group TraderTraitor is behind it.
  • Withdrawals: Paused. Binance says they should start resuming within 48 hours. Deposits are working.
binance hack news

Crypto market reaction

Crypto prices fell. Bitcoin dropped about 2.8% to around $78,490, Ether fell about 3.8%, and BNB fell about 3.5%, according to CNBC.

Why it matters

Binance serves hundreds of thousands of people, so a hack of this size raises questions about the safety of funds held on exchanges. The speed of the freezes, by Tether, Circle, Ripple and others, shows that stablecoin issuers can stop some stolen money. Not all of it, though. TRM says the attacker still holds more than 420,000 ETH and 18,270 BTC, worth about $2.4 billion, which issuers cannot freeze.

What users should do

  • Use only official Binance channels for updates.
  • Do not click unofficial links or share account details. Binance has warned about this, and scammers often copy hacks like this one.
  • Do not trust anyone who offers to "recover" funds for a fee.

What happens next

Binance says withdrawals should start to resume within 48 hours, and that it will share a detailed post-mortem and publish only confirmed figures. The final totals for what was stolen, frozen and recovered may change as the investigation continues.

FAQs

Is my money on Binance safe?

Binance says yes and promises to cover all losses. Its investigation is not finished, so watch its official channels.

Can I withdraw from Binance now?

Not yet. Binance says withdrawals should start resuming within 48 hours.

Is Binance insolvent?

Binance has not said that. It says it will cover all losses.

Who hacked Binance?

Binance has not named anyone. TRM Labs blames a North Korea-linked group, but this is not confirmed by Binance.

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Pump.fun Launches Perpetual Futures Trading with Hyperliquid

1d ago

Pump.fun Launches Perpetual Futures Trading with Hyperliquid

Pump.fun, the app best known for Solana memecoins, has added perpetual futures trading, and the trades run on the Hyperliquid exchange. Pump.fun announced on X that the service is live, according to crypto news outlets that cite the post. What happened Pump.fun has added perpetual futures trading to its app. Users can take long or short positions on more than 300 markets covering crypto, stocks and commodities, and they trade from the USDC or SOL balance in their Pump.fun wallet. PANews and DeFiprime, citing Pump.fun's post on X, report that the company announced the service as live on October 28. Pump.fun did not build its own trading engine for this. Hyperliquid runs the trades: it matches orders, handles margin and funding payments, and carries out liquidations, while Pump.fun provides the app. Pump.fun earns a fee on each trade through Hyperliquid's builder codes, according to Hyperliquid's documentation. The service did not appear all at once. Pump.fun's data feed first showed perps data around October 9, according to Bankless. Bankless, Bitcoin.com and CryptoTicker reported trading on Bitcoin and Ether live on October 16 and 17. Then on October 28, Pump.fun posted on X that Hyperliquid perps were live in the app with 300+ markets, as reported by Altcoin Buzz, PANews and DeFiprime. What Pump.fun perpetual futures offer Markets: More than 300 Hyperliquid markets covering crypto, stocks and commodities, according to PANews, which cites Pump.fun's X post. Leverage: Up to 40x on Bitcoin, 25x on Ether, 20x on stocks such as Tesla and Nvidia, and 50x on the S&P 500. DeFiprime notes the limits vary across the app. Risk tools: Isolated margin, which keeps a position's collateral separate from the rest of a user's funds, plus take-profit and stop-loss orders. Funding: Users trade with USDC or SOL held in their Pump.fun wallet. The announcement says no cross-chain bridging is needed. DeFiprime and Bitcoin.com both report that Pump.fun's fee page still allows a bridge-transfer fee of up to 0.25%. Fees: Pump.fun charges its own builder fee when a position is opened, increased or closed. Hyperliquid's usual trading fee is charged on top. Outlets disagree on the maximum Pump.fun fee: DeFiprime reports up to 0.05% (0.04% with a referral code), while Bitcoin.com reports up to 0.10%. Hyperliquid's documentation caps builder fees on perps at 0.1%. Check Pump.fun's fee page for the current figure. Who cannot use it: Bankless and Bitcoin.com report that people in the United States and Ontario, Canada, are barred. DeFiprime says other jurisdictions are also excluded. Bitcoin.com adds that using a VPN to get around the limits is not allowed. Why it matters Bitcoin.com reports that the move gives Pump.fun a new source of revenue without the cost of building its own derivatives exchange. Bankless says it follows Pump.fun's August integration of spot trading on Hyperliquid's HyperEVM network. Hyperliquid's documentation says a user must approve a maximum builder fee before an app can charge it, and users can revoke that approval at any time. Bitcoin.com also notes that small price moves against a leveraged trader can wipe out collateral. This article is news, not investment advice. DeFiprime reports that Pump.fun says it does not operate or control the Hyperliquid protocol, and that prices and liquidation levels shown in its app are only indicative. What happens next PANews reports that Pump.fun later added support for Arbitrum, so users can trade any token on that network with their USDC balance. The report gives no date. No other next steps have been confirmed. Frequently asked questions Does Pump.fun have perpetual futures trading? Yes. Reports say Pump.fun added perpetual futures to its app in mid-October 2026. On October 28, it posted on X that Hyperliquid perps were live with more than 300 markets. Does Pump.fun run its own exchange for perps? No. Reports say Hyperliquid matches the orders, tracks funding payments and handles liquidations. Pump.fun provides the app that users trade in. DeFiprime reports that Pump.fun says it does not operate or control the Hyperliquid protocol. What markets can I trade? PANews, citing Pump.fun's X post, says there are more than 300 Hyperliquid markets covering crypto, stocks and commodities. What leverage does Pump.fun perps offer? Reported limits are up to 40x on Bitcoin, 25x on Ether, 20x on stocks such as Tesla and Nvidia, and 50x on the S&P 500. DeFiprime says the limits vary across the app. What are the fees? Pump.fun charges its own builder fee when a position is opened, increased or closed, and Hyperliquid's usual trading fee is added. Outlets report different maximums for Pump.fun's fee: up to 0.05% (DeFiprime) or up to 0.10% (Bitcoin.com). Hyperliquid caps builder fees on perps at 0.1%. A bridge-transfer fee of up to 0.25% is also reported. Check Pump.fun's fee page for current figures. What funds do I need, and do I have to bridge? Users trade with USDC or SOL held in their Pump.fun wallet, and the announcement says no cross-chain bridging is needed. PANews adds that Arbitrum support was added later, so users can trade any token on Arbitrum with their USDC balance. Is Pump.fun perps available in the US? No. Bankless and Bitcoin.com report that people in the United States and Ontario, Canada, are barred. DeFiprime says other jurisdictions are also excluded. Bitcoin.com adds that using a VPN to get around the limits is not allowed. What are the risks? Bitcoin.com notes that small price moves against a leveraged trader can wipe out collateral, and Hyperliquid automatically liquidates positions that fall below margin requirements. DeFiprime reports that prices and liquidation levels shown in Pump.fun's app are indicative only. This article is news, not investment advice.

Binance to Delist QuickSwap (QUICK) and Epic Chain (EPIC) on Oct. 28, 2026

Oct 15, 2026

Binance to Delist QuickSwap (QUICK) and Epic Chain (EPIC) on Oct. 28, 2026

Oct. 15, 2026 — Binance says it will remove all spot trading pairs for Epic Chain (EPIC) and QuickSwap (QUICK) at 03:00 UTC on Oct. 28, 2026. The exchange says open orders will be cancelled once trading stops. The delisting applies to spot markets first; other Binance products have their own cutoffs, some of which come earlier. Why Binance says it is delisting QUICK and EPIC Binance said it reached the decision after its latest review of listed digital assets. The exchange periodically checks whether a listed token continues to meet its standards and industry requirements. Its notice lists general review factors such as a project team’s commitment, development activity, trading volume and liquidity, network security, communication with the community, responses to due-diligence requests, regulatory requirements, token-supply or tokenomics changes, ownership or team changes, and community sentiment. Those items describe Binance’s general review criteria, not a finding about either project. Binance did not say which specific factor led it to remove EPIC or QUICK, nor did it identify a particular violation. U.Today’s independent report also notes that the exchange did not specify an individual reason for the two decisions. Key dates for the Binance delisting Binance has not set one single deadline for every service. The dates below are in UTC and come from the exchange’s notice. Binance’s announced 2026 dates for QUICK and EPIC services (all times UTC) Date and time Binance service What changes Oct. 15, 03:00 Buy & Sell Crypto EPIC, QUICK and associated pairs removed. Oct. 15, 06:00 Margin Borrowing of the affected tokens suspended. Oct. 20, 08:30 Futures Opening new positions in affected contracts stops. Oct. 20, 09:00 Futures Remaining positions automatically settled; contracts delisted. Oct. 20, 10:00 Margin Tokens removed from cross, isolated and portfolio margin; applicable positions settled and orders cancelled. Oct. 21, 03:00 Spot Copy Trading Affected pairs delisted; remaining assets may be sold at market price or moved to Spot if unsellable. After Oct. 21, 07:00 Simple Earn Support ends; unredeemed Flexible and Locked positions are automatically redeemed and transferred to Spot with accrued rewards. Oct. 27, 02:00 Convert Low-Value Assets Tokens removed from the service. Oct. 28, 02:00 Convert Tokens and associated pairs removed. Oct. 28, 03:00 Spot trading All affected pairs removed; open orders cancelled and applicable trading-bot services end. Oct. 29, 03:00 Deposits Deposits of EPIC and QUICK are no longer credited. Dec. 28, 03:00 Withdrawals Binance says withdrawals will no longer be supported after this time. For margin users, Binance says remaining collateral may be applied to liabilities during settlement. The exchange also describes circumstances in which collateral may be sold to repay liabilities or the delisted token may be sold into USDT or USDC. The exact handling depends on the user’s account and position type, as detailed in the notice. After Dec. 29 at 03:00 UTC, Binance may convert remaining delisted tokens into stablecoins for users, but the exchange says this is not guaranteed. Binance says it will issue a separate notice before a conversion where applicable. If conversion is not feasible, withdrawals may remain open, subject to network availability. independent report What the Oct. 28 spot cutoff means The spot-trading deadline is when Binance plans to remove the trading pairs involving QUICK and EPIC. It is separate from the deposit deadline on Oct. 29 and the withdrawal deadline on Dec. 28. Binance says users should check their holdings and any related products because trading, automated strategies, margin, and earning products can stop on different dates. The exchange’s notice also says availability of the products and services mentioned may vary by region. The announcement does not say that the two tokens themselves will cease to exist or that all other platforms will stop supporting them. It sets out Binance’s planned removal of the affected tokens from its own services. FAQs about Binance delisting QUICK and EPIC When will Binance delist QUICK and EPIC? Binance plans to stop spot trading for all pairs involving QuickSwap (QUICK) and Epic Chain (EPIC) at 03:00 UTC on Oct. 28, 2026. Will open QUICK and EPIC spot orders remain after delisting? No. Binance says it will automatically remove open orders after trading ceases in each affected spot pair. Applicable trading-bot services for those pairs will also end at the spot cutoff. What happens to EPIC and QUICK futures positions? Binance says users will not be able to open new positions in the affected futures contracts from 08:30 UTC on Oct. 20. Remaining positions will be automatically settled at 09:00 UTC that day. Can users deposit QUICK or EPIC after spot trading ends? Binance says deposits will not be credited after 03:00 UTC on Oct. 29, 2026. This is one day after the scheduled spot-trading cutoff. Until when can users withdraw QUICK and EPIC from Binance? Binance says withdrawals will not be supported after 03:00 UTC on Dec. 28, 2026. The notice also says that, where token conversion is not feasible, withdrawals may remain open subject to network availability. Why is Binance delisting QuickSwap and Epic Chain? Binance says it reviewed the assets against its listing standards, but it did not identify a specific reason for delisting either token. The exchange lists general review factors such as development activity, trading volume and liquidity, network security, regulatory requirements and team commitment.

DZ BANK Names Cardano for Its Planned meinKrypto Service

Oct 13, 2026

DZ BANK Names Cardano for Its Planned meinKrypto Service

Frankfurt, Germany — January 12, 2026 — DZ BANK said Cardano (ADA) would be one of four cryptocurrencies available at the start of meinKrypto, its planned digital wallet and trading service for customers of Germany’s cooperative banks. The announcement followed the bank’s receipt of a Markets in Crypto-Assets Regulation (MiCAR) authorization from German regulator BaFin to operate the platform. What DZ BANK announced DZ BANK said it received the authorization at the end of December 2025. Its January 12 press release named Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Cardano (ADA) as the assets planned for the service’s start. meinKrypto is designed as a wallet integrated into the VR Banking App. The announcement described a planned rollout, not immediate access for every customer. DZ BANK said the service would soon be made available to cooperative banks, which would then have to complete additional steps before customers could use it. Key facts The service is called meinKrypto and is intended for Germany’s cooperative financial network, including Volksbanken and Raiffeisenbanken. The four cryptocurrencies named for the start were Bitcoin, Ethereum, Litecoin and Cardano (ADA). Each cooperative bank would decide individually whether to introduce the service and would need to submit its own MiCAR notification to BaFin. DZ BANK said meinKrypto is for self-directed investors and is not part of its retail investment-advice service. How the rollout was structured The central authorization covered DZ BANK’s operation of meinKrypto. It did not, by itself, mean that every local cooperative bank had activated the service. DZ BANK said each Volksbank or Raiffeisenbank would need to make its own MiCAR notification to BaFin, implement the service and decide whether to offer it. CoinDesk also reported that meinKrypto was intended to be integrated into the VR Banking App and that participating institutions would have to complete their own regulatory notification before providing access to retail customers. Analysis and conclusion Including ADA in the planned asset list gives Cardano a route into a banking app used by customers of participating cooperative banks. The practical significance depends on which banks choose to offer meinKrypto and complete the required steps. The January announcement does not establish that ADA trading became available nationwide on that date. The listing is a product-availability decision, not a forecast for ADA’s price or a recommendation to buy it. DZ BANK described the service as self-directed and outside its retail advisory service. Readers should therefore distinguish regulated access to a cryptoasset from an endorsement of that asset or a guarantee about its value. FAQs Which cryptocurrencies did DZ BANK name for meinKrypto’s start? The January 12 announcement named Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Cardano (ADA). Did the authorization mean every cooperative-bank customer could immediately trade ADA? No. DZ BANK said individual Volksbanken and Raiffeisenbanken had to submit their own MiCAR notification to BaFin, implement the service and decide whether to offer it. The announcement did not set one nationwide activation date. Was meinKrypto described as investment advice? No. DZ BANK described it as a service for self-directed investors and said it was not part of retail investment advice. Does ADA’s inclusion mean DZ BANK expects its price to rise? The announcement makes no price prediction. It identifies ADA as one of the assets planned for the service; it does not describe the listing as a recommendation or assurance of future performance.

Binance Hacked: $6.3 Billion Lost, Withdrawals Paused | Bubblenexus News