Stolen Crédit Mutuel funds transferred into secondary bank mule accounts were forwarded to cryptocurrency exchanges Kraken, Crypto.com, and OKX to purchase stablecoins

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Solana Foundation said Samsung Wallet users can send USDC on Solana to other Samsung Wallet users, external crypto wallets and qualifying bank accounts

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Binance co-founder Yi He said on X, formerly Twitter, that the exchange's latest Proof of Reserves can now be verified through zero-knowledge proofs (ZKProof)

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Binance began progressively reopening customer withdrawals

The Bank of Korea's survey asks financial firms to evaluate the impact if South Korea's largest cryptocurrency exchange by market share temporarily suspends operations following a major hack or security breach.

Attackers initially swapped 234 million stolen USDT for TRX on SunSwap, using approximately 7,700 TRON network addresses before moving funds off TRON.

The Bank of Korea distributed its crypto risk survey to financial firms six days before Binance disclosed a $6.3 billion security breach on October 29, 2026.

Binance secured digital assets to cover approximately 95% of the stolen $6.3 billion using its corporate treasury, Futures Insurance Fund, and emergency reserve funds.

Crypto issuers and network governance mechanisms froze approximately $2.85 billion of the stolen Binance assets by November 2, 2026, representing about 44% of the total stolen funds.

Binance estimated a cyber intrusion at approximately $6.3 billion on October 30, 2026, triggering market volatility that increased redemption pressures on Jupiter Lend.

Centralized cryptocurrency exchange Gate froze two accounts and cooperated with law enforcement after the Binance attackers deposited approximately $250,000 in stolen funds onto the platform.

Asset issuers including Tether and Circle froze approximately $3 billion in stolen cryptocurrency assets shortly after the October 29, 2026 Binance breach.

Binance pledged to cover customer losses using company resources and emergency reserves, having replenished about 95% of affected assets as of November 3, 2026.

Hackers stole $6.34 billion from cryptocurrency exchange Binance's hot wallets

Decentralized trading platform Hyperliquid entered into a commercial partnership with Intercontinental Exchange

KB Financial Group completed a won-denominated stablecoin pilot for offline payments in May 2026, while Kakao Pay and KakaoBank partnered with Fireblocks in September 2026 for digital asset infrastructure.

South Korean commercial banks and technology firms have continued testing stablecoin applications, despite legislative delays surrounding the proposed Digital Asset Basic Act.

Stablecoins accounted for 94% of the restricted Binance hack funds, while native cryptocurrencies on Bitcoin, XRP Ledger, Solana, and NEAR could not be frozen by issuers.

Following the exchange reopening on November 1, 2026, Binance processed $4.649 billion in withdrawals and $1.01 billion in deposits between 06:00 and 15:30 GMT, resulting in a net outflow of $3.64 billion.

Cryptocurrency exchange partners froze approximately 9 million stolen CORE tokens linked to the attacker following coordination with b14g.

Blockchain analytics traced stolen CORE tokens moving through wallets connected to infrastructure at Bybit, Gate.io, and MEXC following the October 31, 2026 b14g exploit.