Company Update
Binance warns of second wave of crypto theft as $6.3 billion hack recovery continues
Binance announced that withdrawal delays could enable fraudsters to solicit payments, warning of a second wave of theft. The exchange has restored about 95% of assets and completed a reserve proof for ten tokens as of the October 31 snapshot, but the proof does not confirm current balances. Binance also noted its futures rules allow auto‑deleveraging of profitable hedges. Meanwhile, Tether froze over $4.5 million USDT linked to the Mercado Bitcoin breach, where roughly $46 million was traced to the attacker. Binance expects a new reserve snapshot by November 4.