Binance Prepares to Resume Withdrawals, Unveils $6.3B Hack Recovery Plan

Binance is preparing to restore withdrawals in phases after its $6.3 billion hack, with reopening dependent on security checks. The exchange committed company funds to replace stolen assets while investigators expanded their review of the breach. Withdrawals Face Security Checks Before Phased Restart Binance outlined a four-part hack recovery plan on Oct. 30 in its […]

Bitfinex Sees 750 BTC Transfer from Unknown Source as Market

Recent market activity saw 750 BTC, valued at approximately $57.5 million, transferred from an unknown wallet to Bitfinex, as reported by the CryptoTwitter commentator @whale_alert. This substantial movement raises questions about liquidity and trading strategies in a market already displaying mixed signals. Traders should consider the implications of this transfer on the exchange’s order book […]

Why CFTC’s Federal Option for Centralized Exchanges Just Got Harder to Ignore

Commodity Futures Trading Commission (CFTC) Chairman Michael Selig’s voluntary “federal option” for exchanges has a new selling point. An attacker drained about $6.36 billion from Binance in roughly 20 minutes this week, TRM Labs says, and no federal rule stood in the way. Three weeks ago, the option was a policy footnote. Today it is […]