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Morning edition · November 2, 2026

Binance Sheds $7B in Post-Hack Outflows

Binance absorbed over $7 billion in net outflows following a historic breach, driving record redemptions across US spot Bitcoin funds.

  1. 1

    Binance Outflows Top $7B Amid Hack Fallout

    Binance saw over $7 billion in net outflows after resuming withdrawals Sunday following a $6.3 billion hack [2]. US spot Bitcoin ($BTC) ETFs recorded $643.2 million in Friday redemptions [3], while attackers routed stolen funds to Solana ($SOL) [9].

  2. 2

    Chainalysis Discloses Agentic AI Breach

    Chainalysis reported an unauthorized breach of internal systems by an external actor using agentic techniques in October [1]. The attacker accessed customer profile records, though the firm said investigative case notes were unaffected [1].

  3. 3

    Corporate Opt-Outs for OKX-ICE Venue Hit 50

    Formal objections to the OKX-ICE tokenized stock platform reached 50, with Nvidia joining the opt-outs [8]. Corporate issuers have now rejected 44 of the initially planned 63 equity listings [8].

  4. 4

    Bank of Korea Probes Financial Firm Crypto Exposures

    The Bank of Korea initiated a survey of 31 financial firms on Oct. 23 to assess exposure to virtual asset market risks [6]. The central bank is modeling stress scenarios involving major exchange hacks and deep market crashes [6].

  5. 5

    UAE Crypto Economy Expands 32% to $104.8B

    The Middle East and North Africa crypto economy recorded $443.3 billion in volume for the 2026 period [4]. The United Arab Emirates market grew 32% to $104.8 billion, positioning it to potentially surpass Türkiye by 2027 [4].

Numbers

Bitcoin is trading at $77,838, Ethereum is at $2,283, and total crypto market capitalization stands at $2.02 trillion.

Watch

Binance's updated proof-of-reserves audit scheduled for Monday. · Survey submissions from 31 South Korean financial institutions due Wednesday. · Subsequent daily ETF flow prints ahead of the December Federal Reserve monetary policy decision.

Full text

Binance absorbed over $7 billion in net outflows following a historic breach, driving record redemptions across US spot Bitcoin funds.

  1. Binance Outflows Top $7B Amid Hack Fallout: Binance saw over $7 billion in net outflows after resuming withdrawals Sunday following a $6.3 billion hack. US spot Bitcoin (BTC) ETFs recorded $643.2 million in Friday redemptions, while attackers routed stolen funds to Solana (SOL).
  2. Chainalysis Discloses Agentic AI Breach: Chainalysis reported an unauthorized breach of internal systems by an external actor using agentic techniques in October. The attacker accessed customer profile records, though the firm said investigative case notes were unaffected.
  3. Corporate Opt-Outs for OKX-ICE Venue Hit 50: Formal objections to the OKX-ICE tokenized stock platform reached 50, with Nvidia joining the opt-outs. Corporate issuers have now rejected 44 of the initially planned 63 equity listings.
  4. Bank of Korea Probes Financial Firm Crypto Exposures: The Bank of Korea initiated a survey of 31 financial firms on Oct. 23 to assess exposure to virtual asset market risks. The central bank is modeling stress scenarios involving major exchange hacks and deep market crashes.
  5. UAE Crypto Economy Expands 32% to $104.8B: The Middle East and North Africa crypto economy recorded $443.3 billion in volume for the 2026 period. The United Arab Emirates market grew 32% to $104.8 billion, positioning it to potentially surpass Türkiye by 2027.

Numbers: Bitcoin is trading at $77,838, Ethereum is at $2,283, and total crypto market capitalization stands at $2.02 trillion.

Watch:

  • Binance's updated proof-of-reserves audit scheduled for Monday.
  • Survey submissions from 31 South Korean financial institutions due Wednesday.
  • Subsequent daily ETF flow prints ahead of the December Federal Reserve monetary policy decision.

Basis Desk Newsroom · AI-generated, source-verified. Built only from stories already verified and published on Basis Desk; market figures as of publication. Not financial advice.