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StandX posted on the X platform that the DUSD airdrop, originally scheduled to be available for claiming at 8 AM Beijing time on November 1, has been postponed due to the withdrawal function on Binance not being open.StandX stated that the airdrop claiming will be available once Binance resumes withdrawals.

Binance released a security incident update stating that the company had previously reserved over $6.34 billion of company funds to cover the stolen losses, with the coverage ratio at that time being approximately 80%, which has now increased to 90%. BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC have achieved 100% coverage, while the remaining related tokens will continue to be purchased through market and over-the-counter channels until the coverage ratio for all tokens reaches 100%. Binance stated that the financial impact of the stolen funds will be borne by the platform, not the users.The replenished funds come from a partial drawdown of the user security asset fund SAFU, a portion of the contract insurance fund, and Binance's company funds. The partial drawdown of SAFU is expected to occur within the next 24 hours. The remaining 10% consists of assets outside the aforementioned ten tokens with lower liquidity, and the time required for purchase may be longer.Binance completed a new reserve proof snapshot on October 31 at 00:00 (UTC) and updated it on the reserve proof page. The complete zero-knowledge proof is expected to take 40 to 50 hours to generate, approximately by November 3 (UTC). Withdrawal services will continue to progress according to the previous schedule, with plans to reopen on Sunday, November 1.Binance introduced that SAFU was established in July 2018 and is held and managed by Nest Clearing and Custody Limited, regulated by the Abu Dhabi Global Market Financial Services Regulatory Authority. The company commits to replenishing the scale of SAFU to approximately $1 billion and clarifies that the partial drawdown of SAFU is for purchasing the remaining 10% of assets. After withdrawing the balance exceeding the stipulated level, the contract insurance fund remains above the coverage level required by the existing risk management framework; if the balance falls below the requirement, Binance will make up the difference with company funds.

According to The Defiant, the decentralized protocol Origin Protocol has restored the liquidity of its OGN token after withdrawing funds during the Binance-related incident. Origin stated that the attacker sold OGN at an average discount of about 79%.Records on the Ethereum chain show that after withdrawing 46.74 million OGN from the Curve pool, liquidity is now flowing back into that Curve pool.

Hifi Finance disclosed that Hifi DAO has encountered a governance takeover attack, and HIFI token holders are effectively unable to control the protocol, governance smart contracts, and HIFI token supply. The team urges all users with collateral in the Hifi Protocol to withdraw immediately and specifically requests the controllers of the two relevant addresses to withdraw WETH from the protocol.Hifi Finance stated that the core team failed to detect and prevent this governance attack in a timely manner and takes full responsibility for it. The team has now taken measures to significantly limit the impact of the attack, and the final losses are yet to be determined, with preliminary estimates around $20,000. The DAO has sufficient funds to compensate all affected parties; the DAO's own liquidity has been permanently withdrawn from decentralized trading platforms.Additionally, all outstanding debts collateralized by RWA will be directly managed by the core team and will no longer be processed through the compromised smart contracts. The relevant debts still have ample capital support and are expected to be fully repaid by the original due date of March 26, 2027, with no new debts being issued by the protocol. The team stated that a complete investigation report will be released subsequently.

Binance released the second progress announcement regarding the security incident, disclosing two key timelines. The announcement was made at 3:33 AM on October 31 (UTC+8).Binance stated that it plans to conduct the first proof of reserves snapshot within 12 hours after the announcement and will publish the results before November 2; at the same time, the technical team's goal is to gradually restore withdrawal services within approximately 34 hours, depending on the progress of security checks.Based on the announcement time, Binance plans to complete the first proof of reserves snapshot by 3:33 PM on October 31, with the goal of starting a phased restoration of withdrawal services by 1:33 PM on November 1.Binance previously stated that it has prepared over $6.34 billion in company funds, of which approximately $5 billion worth of affected token assets are in place, covering about 80% of the stolen assets, with the remaining portion being purchased through on-chain and off-chain channels. Additionally, approximately $3 billion of affected assets have been frozen on-chain.

The Solana ecosystem lending protocol Jupiter Lend stated that the protocol's liquidity has been replenished, USDC withdrawals have returned to normal, and the previously significantly increased capital utilization rate has also decreased.

Binance released a second update on the security incident signed by Co-CEO He Yi and Richard Teng, stating that the technical team aims to begin phased withdrawals within approximately 34 hours, contingent on the completion of security checks; services such as deposits that were not affected are operating normally.Binance stated that it has reserved over $6.34 billion in funds, of which $5 billion consists of stolen tokens, covering about 80% of the affected amount, with the remaining portion being purchased through market and over-the-counter channels; the first reserve proof snapshot will be conducted within 12 hours, with results announced on November 2.In terms of investigation, in addition to the initially suspected laptop breach, other points of compromise have been discovered, and no evidence of wallet private key leakage has been found so far. Further technical findings are expected to be disclosed within approximately 48 hours.ChainCatcher previously reported that the losses from this incident are approximately $6.3 billion, with about $3 billion frozen on-chain.

Binance Co-CEO He Yi released a video on the X platform stating that the assets affected by the hacking incident amount to 6.3 billion dollars. With the joint assistance of all industry practitioners, 3 billion dollars have been frozen, and it is expected that withdrawals will be reopened in the next 42 hours. The previous suspension of withdrawals was to ensure that the entire environment was free of contamination.In addition to reconstructing the security environment, a detailed technical security audit report will be produced in the future, and there will be no abandonment of tracking the hackers; the investigation will go to the end.

Binance Co-CEO Richard Teng stated that Binance has reserved over $6.34 billion in company funds to compensate for the stolen assets, of which $5 billion is held in affected tokens, including USDC, USDT, BTC, ETH, and BNB. The remaining portion is being purchased through market and over-the-counter channels. He reiterated that the affected wallets are Binance's own hot wallets, and customer funds have not been used; the vast majority of user assets are stored in cold wallets.Regarding the details of the attack, Teng mentioned that this attack was not the work of a single individual and that the methods used were complex. Preliminary investigations pointed to an infected laptop, and subsequent investigations uncovered other points of breach. The attackers employed a self-destruct mechanism, destroying tools and traces while attacking, which increased the difficulty of tracking. The attackers also exploited the known EIP-7702 protocol to gain on-chain execution authorization for the hot wallet, which had not gone through Binance's normal approval controls. As a result, Binance suspended withdrawal services to investigate, rebuild, and retest the entire infrastructure.In terms of follow-up arrangements, Binance is rebuilding the withdrawal service and will only re-enable it after strict testing, aiming to restore withdrawals before the Sunday deadline in approximately 40 hours. Binance is also conducting a comprehensive security review of terminals, cloud platforms, key management, and signatures. Binance plans to release a complete proof of reserves (PoR) report by Monday at the latest and hopes to provide preliminary results before that. Additionally, Binance is collaborating with law enforcement, blockchain intelligence companies, token issuers, and other exchanges to track, freeze, and recover the stolen funds.

The Federal Bureau of Investigation (FBI) responded to the Binance theft incident, stating that it is aware of the incident and is communicating with relevant partners to understand the scope of the activities and assess the potential impact.

According to a report by Reuters citing informed sources, Binance is cooperating with law enforcement agencies around the world, including the Federal Bureau of Investigation (FBI) and the United States Secret Service (USSS), to investigate the theft of approximately $6.3 billion in cryptocurrency.The U.S. Embassy in London stated that it would not comment on the matter, and the United States Secret Service has not yet responded to requests for comment.

According to the market intelligence platform Liquid247.xyz, Hyperliquid's perpetual BTC has approximately 67.11 sell orders at the price level of $77,395, with a nominal value of about $5.1937 million, which is approximately 0.00% away from the mid-price of about $77,393 at that time.The total near-end sell orders amount to approximately $16.9693 million, while the buy orders are about $2.7011 million, resulting in a net sell order surplus of approximately $14.2682 million, accounting for 72.54% of the total depth.

Binance released an investigation update stating that preliminary investigations indicate that this security incident may involve an infected laptop, and subsequent investigations have uncovered more points of intrusion. Binance stated that this is a complex attack and is currently coordinating with law enforcement to handle the situation, while continuing to gather facts and will share more information directly in the future. Binance will use the SAFU fund and company funds to cover all losses and assures that user funds are safe.Binance still expects to resume withdrawal services within 45 hours, with deposits unaffected. After suspending withdrawals, the outflow of funds has stopped. Binance is working with partners to freeze affected assets, and approximately $3 billion has already been frozen, with further updates to be provided through official channels.

Regarding Binance founder CZ's statement that Binance has sufficient funds to cover the losses caused by this security incident, community users commented that before FTX's collapse, SBF also assured that the platform had enough funds. Subsequently, Musk replied to a user's comment with a "😬" emoji.This emoji typically expresses embarrassment, unease, or discomfort with a certain situation. Compared to the "laughing and crying" emoji, it carries more negative emotions and subtle skepticism. This interaction has attracted market attention, with some users speculating that Musk may hold a negative view of Binance or CZ. Musk has not provided further clarification on this, and it remains unclear what specific target his comment was directed at.

On October 30, Binance co-CEO and co-founder He Yi published an update on service progress: deposits are unaffected and are still operating normally. The team is working on improving withdrawal services and related address controls, and it is expected that withdrawal services will begin to resume within the next 48 hours.He Yi stated that further progress will be continuously updated through official Binance channels. Prior to this announcement, Binance had suspended withdrawals due to a security incident, and He Yi had previously stated that user funds are safe, and the platform will bear the related losses.

According to a publicly disclosed lawyer's letter, the entity behind Pump.fun, Bracket Company Inc., sent a cease-and-desist letter to Eliza Labs founder Shaw Walters (X account @shawmakesmagic) on October 29, 2026, through the law firm Brown Rudnick. Pump.fun accuses Walters of unauthorized copying, reverse engineering, and planning to publicly release its source code, violating U.S. copyright law and platform service terms.The lawyer's letter states that Walters posted a series of messages on the X platform between October 27 and 28, claiming to have reverse-engineered 97.6% of the source code of the Pump.fun contract set, with 80% matching the original contract byte for byte, and plans to add the front-end and back-end code to the code repository, offering project tokens $PMUP as a reward to contributors. Pump.fun demands that Walters immediately cease such activities, refrain from publicly releasing the source code, and clearly states that such reverse engineering constitutes illegal behavior.

The founder of Liebit Mining Pool, Jiang Zhuoer, posted on platform X stating that Binance's potential losses account for a limited proportion of user assets and are not expected to trigger a large-scale withdrawal wave.He compared this situation to the Bybit theft incident in February 2025. At that time, Bybit was hacked for approximately $1.46 billion, which accounted for 9.01% of its roughly $16.2 billion in user assets. If Binance's gross outflow this time is $5.64 billion, of which $3 billion has been frozen, the remaining amount is about $2.64 billion, accounting for 1.6% of its approximately $165.12 billion in user assets.Jiang Zhuoer also mentioned that the gross outflow may include internal fund transfers within the platform and normal user withdrawals, and not all of it should be considered stolen funds. Binance has the capacity to absorb the related losses.

On October 30, the official X account of the cryptocurrency exchange Binance stated that Binance will bear all losses. As a precautionary measure, the platform has temporarily suspended all deposits and withdrawals while the team conducts security checks, freezes relevant funds, and collaborates with law enforcement.Binance stated that the team is continuously advancing the handling work, and a complete review will be published after the investigation is completed. Users are advised to obtain information only through official Binance channels. Earlier that same day, Binance mentioned that it was investigating potential security issues and updated that the total amount of verified frozen assets is approximately 3 billion USD. The team is still tracking and freezing more assets in collaboration with law enforcement, issuers, on-chain intelligence agencies, and industry partners.

Binance co-CEO He Yi stated on X at 08:04 Beijing time that user funds are safe, and Binance will bear all losses caused by this hacking attack. He Yi mentioned that currently, both deposits and withdrawals on Binance have been temporarily suspended, and the team is conducting security checks, freezing related funds, and cooperating with law enforcement.Once the investigation is complete, Binance will release a full incident review report. She also reminded users to rely only on information released through Binance's official channels. Previously, CZ stated that the actual losses from this incident may slightly exceed 1 billion dollars and that user funds are expected to be fully covered.

Binance co-founder He Yi posted that, to ensure safety, Binance has currently suspended withdrawals until the relevant environment is confirmed to be safe, and thanked users for their understanding and support.He Yi also emphasized that user funds are safe (SAFU). In addition, He Yi thanked the World Liberty Financial team for assisting in freezing 27 million USD1 and 48 million WLFI (valued at approximately 2 million USD).