Binance Chief Financial Officer Kaiser Ng is leaving the cryptocurrency exchange, with former Airwallex finance executive Justin Yek taking over the position. The leadership change was announced on November 7, shortly after Binance disclosed a security breach involving approximately $6.3 billion in stolen cryptocurrency. Binance co-CEO Yi He said Ng
U.S. Senator Richard Blumenthal has given Binance, Tether and two cryptocurrency companies linked to President Donald Trump until January 4, 2027, to hand over records requested as part of ongoing Senate investigations into alleged financial misconduct and potential conflicts of interest. Blumenthal announced the deadline on November 5, saying the
Polygon is considering a hard fork that would transfer approximately 70.49 million POL, worth around $6.5 million at the reference price used in the proposal, from five blocked addresses to recovery wallets designated by Binance and Polymarket. The Polygon Improvement Proposal (PIP) was published on the network’s community forum on
Binance is reopening withdrawals for additional cryptocurrencies across Ethereum, Solana and several other blockchain networks as the exchange continues restoring services following its October 29 security breach, which resulted in losses estimated at $6.3 billion. In its sixth recovery update, published on November 3, the exchange said withdrawals for the
Binance co-founder Changpeng Zhao has credited U.S. law enforcement agencies, including the FBI, Secret Service and Internal Revenue Service, for helping track and freeze funds stolen in the exchange’s $6.3 billion security breach. The Binance Hack Breakdown: How Attackers Breached the Exchange and Moved the Stolen Funds In a November
Crypto exchanges are reviewing their security systems after a $6.3 billion hack at Binance raised fresh concerns about how quickly attackers can exploit weaknesses in exchange infrastructure. The Binance Hack Breakdown: How Attackers Breached the Exchange and Moved the Stolen Funds Coinbase said it had adjusted the systems used to
On October 29, 2026, Binance suffered one of the largest cryptocurrency thefts in history. Attackers drained approximately $6.3 billion in digital assets from the exchange’s hot wallets. The theft affected multiple blockchains. Most of the funds were moved within just 20 minutes. While Binance continues investigating the breach, blockchain researchers
Binance has confirmed a major security breach involving approximately $6.3 billion in cryptocurrency with nearly $3 billion in affected assets frozen following efforts by the exchange and several crypto companies to stop the stolen funds from moving. The attack took place on October 29, when billions of dollars in digital
Binance has applied for a cryptocurrency service provider license in Brazil as the country’s October 30 regulatory deadline approaches. The application comes as the exchange restricts several services and removes 22 cryptocurrencies from trading for local users to comply with the new rules. Binance Brazil General Manager Thiago Sarandy confirmed
Binance founder Changpeng Zhao has urged cryptocurrency users to be cautious when visiting websites after two critical vulnerabilities were discovered in PHP, a programming language widely used to build websites and online applications. In a warning posted on October 21, Zhao pointed to the flaws, identified as CVE-2026-109618 and CVE-2026-109619,
