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Worried About Crypto Hacks? Buy Bitcoin Proxies in Stock Market Instead, Say Wall Street Firms
★ Top Story

Worried About Crypto Hacks? Buy Bitcoin Proxies in Stock Market Instead, Say Wall Street Firms

Analysts at Cantor Fitzgerald, TD Cowen and Compass Point say the record $6.4 billion theft is a Binance security failure, not a crypto-wide threat, pointing clients toward proxies…

decrypt.co ·11m ago
Latest

Latest News

Markets

Tether’s excess reserves nearly double to $8B as Q3 profit hits $1.5B

The stablecoin issuer’s US Treasury holdings are comparable to those of major foreign holders, while its Bitcoin reserves were valued at $8.37 billion at the end of September.

cointelegraph.com1h ago
Bitcoin

Binance Hack: Why Bitcoin Didn't Crash Like It Did in 2018

Binance lost about $6.4 billion, the largest crypto hack on record, yet Bitcoin fell about 3%, against nearly 11% in 2018 when the exchange was last attacked.

decrypt.co1h ago
Regulation

$8 Million Crypto Kidnapping Lands Texas Brothers 15-Year Prison Terms

Raymond and Isiah Garcia held a Minnesota family at gunpoint for more than nine hours, forcing the father to transfer over $8 million in crypto, in one of the clearest “wrench atta…

decrypt.co2h ago
Regulation

Secret Service, FBI Join Binance Hack Probe as Circle Freezes $823 Million

Binance says it has set aside $6.34 billion to cover losses from the breach and the FBI and Secret Service are now working with the exchange as investigators trace the stolen funds…

decrypt.co2h ago
Technology

Coinbase leads crypto stock selloff following $6.3B Binance hack

Circle, Strategy and other crypto-linked stocks fell sharply Friday, a day after Binance disclosed a $6.3 billion security breach.

cointelegraph.com2h ago
Bitcoin

Crypto Biz: Bitcoin’s quantum threat is becoming an economic problem

Bitcoin faces mounting quantum security concerns as Ripple secures a US banking charter, USDC gains ground in Europe and VanEck adds BTC to a new ETF.

cointelegraph.com3h ago
Technology

Recap: How Binance’s record $6.3B hack unfolded

A recap of Cointelegraph’s live coverage of the Binance hack, including early breach reports and the exchange’s full reimbursement pledge.

cointelegraph.com3h ago
Technology

As it happened: Binance’s record $6.3B crypto hack

How Binance’s $6.3 billion hack unfolded, from the first onchain alerts to $3 billion in frozen funds and a widening security investigation.

cointelegraph.com3h ago
Technology

Binance Sets Aside $6.34B to Cover Hack Losses, CEO Says 'Your Assets Are Safe'

Richard Teng said the attacker used a self-destruct mechanism and an EIP-7702 delegation that bypassed Binance's normal approval controls.

decrypt.co3h ago
Technology

Binance uncovers wider breach in $6.3 billion exploit, targets Sunday withdrawal restart

CEO Richard Teng said hackers erased evidence and bypassed security checks. Binance plans to publish its proof of reserves Monday.

www.coindesk.com3h ago
Regulation

Texas brothers sentenced to 15 years for holding Minnesota family at gunpoint in $8 million crypto heist

Two brothers who held a family for nine hours at gunpoint in Minnesota for $8 million worth of cryptocurrency were sentenced on Friday.

www.theblock.co3h ago
Technology

Elon Musk, CZ Trade Blows Over SpaceX Shares After $6.4B Binance Hack

After Musk appeared to mock Binance’s $6.3 billion hack, CZ reminded him that the exchange’s $500 million bet on his Twitter takeover is now worth over $1 billion in SpaceX shares.

decrypt.co3h ago
Bitcoin

Bitcoin risks worst October in 12 years as tech sell-off spreads to gold

Bitcoin circled $77,000 as crypto markets navigated US stock-market downside, while the gold price fell to its lowest in a year.

cointelegraph.com4h ago
Bitcoin

Strategy’s preferred-stock fix sets up renewed bitcoin buying, analysts say

Strategy fell after Q3 earnings, but StoneX & TD Cowen kept buy ratings, citing $4.83B cash reserve and more stable STRC preferred structure.

www.theblock.co5h ago
Ethereum

What is EIP-7702? The Ethereum Upgrade Behind the $6.4B Binance Hack

EIP-7702 lets ordinary Ethereum wallets run smart contract code, enabling batched and sponsored transactions. Here's how it works.

decrypt.co6h ago
Technology

Wall Street analysts urge investors to buy crypto stocks after $6.3 billion Binance hack

Analysts at Cantor Fitzgerald, TD Cowen and Compass Point say the $6.3 billion Binance hack is unlikely to derail the crypto market's recovery.

www.coindesk.com6h ago
Technology

Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.

cointelegraph.com6h ago
Bitcoin

Will gold’s ‘infinite mint bug’ make Bitcoin more valuable?

A US fusion startup says it has turned mercury into gold. Could a potential increase in the gold supply strengthen Bitcoin’s claim to be a better form of digital gold?

cointelegraph.com6h ago
Regulation

Binance says it has $6.34 billion ready to cover hack losses

Binance has allocated $6.34 billion to cover hack losses, while industry partners have frozen another $3 billion in affected assets.

www.theblock.co7h ago
Technology

Binance working with FBI to recover assets following $6.3B hack

Binance is working with law enforcement to recover $3 billion that is frozen, after setting aside more than $6.3 billion from the company’s funds to cover the shortfall.

cointelegraph.com7h ago
Regulation

Israel Extradites Alleged Nomad Bridge Exploiter to US Over $2.8M Theft: Report

Israel's Supreme Court ruled that exploiting a coding flaw can count as computer intrusion, even when the software allowed the transaction.

decrypt.co7h ago
Technology

Binance says it holds $5B in matching tokens to cover hack losses

The exchange said it set aside more than $6.34 billion to cover losses and would include the assets in its next proof-of-reserves report.

cointelegraph.com7h ago
Technology

Morning Minute: Binance’s $6.4B Hack Overshadows Hyperliquid’s Biggest Day

Just as Hyperliquid opened the door to a fully regulated perps offering inside the U.S., Binance suffered the biggest hack in crypto history.

decrypt.co7h ago
Technology

TRM and Chainalysis Tie $6.4B Binance Hack to North Korea's TraderTraitor

Both firms blame the group behind the Bybit hack, as Binance says it has set aside $6.34 billion of its own funds to cover user losses.

decrypt.co7h ago
Technology

Binance arranges $6.34 billion to cover losses from record crypto hack

Binance said it reserved its own funds to cover the $6.3 billion hack, including freezes of roughly $3 billion in stolen assets.

www.coindesk.com8h ago
Bitcoin

Here's how big bitcoin traders responded after the Binance hack hit

Your day-ahead look for Oct. 30, 2026

www.coindesk.com8h ago
Markets

Zcash grants group offers $124M compromise as governance backlash grows

Zcash Community Grants proposed redirecting about $124 million in existing and future funding toward mining rewards, but critics say the plan fails to address governance and accoun…

cointelegraph.com8h ago
Ethereum

Here’s how an Ethereum upgrade helped drain part of Binance’s $6 billion loss

On Ethereum, the attacker used a 2025 upgrade built to make ordinary wallets smarter, armed with 50 signatures from Binance's own wallet.

www.coindesk.com8h ago
Bitcoin

Bitcoin price metrics hint at rebound as $1.6B liquidations follow Binance hack

Bitcoin held above $76,000 after a $6.3 billion Binance hack and a tech-stock sell-off, as momentum indicators pointed to a possible rebound.

cointelegraph.com8h ago
Bitcoin

Crypto liquidations jump to $1.57 billion as Binance hack sends bitcoin, ether lower

Bitcoin traded near $77,350 after $6.3 billion Binance hack, with crypto futures liquidations jumping to $1.57 billion.

www.coindesk.com9h ago
Technology

EIP-7702 didn’t cause Binance hack, but may have amplified losses

Security experts said attackers could have drained Binance’s wallets without EIP-7702, but the Ethereum upgrade may have helped bypass withdrawal safeguards.

cointelegraph.com9h ago
Bitcoin

Binance hacker’s Bitcoin haul tops Coinbase’s corporate treasury

The attackers held 18,270 BTC early Friday, topping Coinbase’s reported corporate holdings, and an Ether stash exceeding 500,000 ETH.

cointelegraph.com9h ago
Technology

Trezor Warns CryptoBilis Buyers After Report of Hardware Implant in Safe 5

The hardware wallet manufacturer has yet to examine the device, but is treating the report as credible and told buyers to move their funds.

decrypt.co10h ago
Markets

MEXC Launches Canton 0-Fee Carnival with $1M Prize Pool

Mutsamudu, Comoros, October 30, 2026 – MEXC, a pioneer in 0-fee digital asset trading, announced the launch of the Canton 0-Fee Carnival together with Canton. From 10:00 UTC on Oct…

www.newsbtc.com10h ago
Technology

THORChain’s RUNE jumps 13% after Binance’s record $6.3B hack

North Korean hackers previously used THORChain to move funds stolen from Bybit and Bitget, prompting calls for the protocol to intervene.

cointelegraph.com10h ago
Bitcoin

Strategy CFO Andrew Kang resigns as company posts record operating profit

Andrew Kang’s departure comes as Strategy reports $21 billion in quarterly operating income and bitcoin holdings of 848,517 BTC.

www.coindesk.com10h ago
Regulation

USDD Reports Strong Treasury Performance, Growth in Key Metrics, and Ecosystem Expansion

30 October 2026 — British Virgin Islands — USDD has reported strong treasury performance in Q3 2026, alongside continued growth in key metrics, including circulating supply and tot…

www.newsbtc.com10h ago
Technology

Binance Finds 'Additional Points of Breach' in $6.3B Hack

CEO Richard Teng said the attack was "not a single 'one-click' action," as Binance confirmed about $3 billion has been frozen.

decrypt.co10h ago
Technology

Trezor warns CryptoBilis buyers to move funds over suspected implant

Trezor urged customers who bought devices from CryptoBilis since March to move their funds after a report of a suspected hardware implant.

cointelegraph.com10h ago
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