Evening Wrap · October 30, 2026
Binance pledged billions in corporate capital to reimburse users following a record cybertheft, while Tether disclosed a near-doubling of its surplus reserves.
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Binance Allocates $6.34B in Corporate Capital to Absorb Exploit Losses
CEO Richard Teng stated the exchange reserved over $6.34 billion to fully absorb hot-wallet exploit losses and aims to resume platform withdrawals by Sunday .
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North Korean Hackers Exploited EIP-7702 in $6.4B Binance Heist
The TraderTraitor group drained funds across 10 chains using an EIP-7702 delegation on Ethereum, according to TRM Labs . The upgrade, activated in May 2025, granted delegated smart contract code full control over…
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CZ and Elon Musk Clash Over Binance's SpaceX Equity Following Hack
Changpeng Zhao told Elon Musk to stop mocking Binance after the theft, citing the exchange's $1 billion-plus SpaceX stake .
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Tether Surplus Reserves Reach $7.95 Billion Supported by Treasuries
The stablecoin issuer reported a $1.5 billion third-quarter operating profit, pushing surplus reserves to $7.95 billion by the end of September .
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Strategy Posts $20.9B Q3 Paper Gain as CFO Resigns
The firm recorded $20.91 billion in third-quarter operating income driven entirely by fair-value accounting markups . Strategy sold 5,552 Bitcoin to service preferred dividends and buybacks, while announcing CFO Andrew…
The numbers
$BTC trades at $76,758 and $ETH is at $2,235, with total market capitalization standing at $2.61 trillion while the Fear & Greed index registers at 30.
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