Binance’s response to a roughly $6.3 billion theft led crypto developments on October 30, 2026, alongside a hardware-wallet warning, Tether’s quarterly results and a new stablecoin partnership involving Solana.
Binance Sets Aside Funds to Cover Hack Losses
Binance suffered an estimated $6.3 billion theft on October 29 and said on Friday that it had allocated more than $6.34 billion of company funds to cover the losses, including $5 billion already held in the affected cryptocurrencies. Co-CEO Richard Teng said investigators had identified additional breach points beyond the employee laptop initially suspected, with the full sequence still under investigation. Withdrawals remained suspended, and Binance was targeting Sunday, November 1, for their return while it rebuilt and tested its systems.
CoinDCX Restricts Futures Trading After Liquidity Disruption
CoinDCX announced temporary restrictions preventing traders from opening or enlarging futures positions after disruption at a liquidity provider that a company spokesperson identified as Binance. Its futures market entered “reduce-only” mode, while the exchange said customer funds, deposits and withdrawals remained unaffected. CoinDCX had not provided a timetable for restoring normal futures trading when the announcement was reported.
Tether Reports $1.5 Billion in Quarterly Operating Profit
Tether’s third-quarter update put net operating profit at $1.5 billion, bringing the nine-month total to $4.5 billion. The USDT issuer reported approximately $191.5 billion in reserve assets at September 30, with excess reserves increasing to $7.95 billion from roughly $4.1 billion three months earlier. The accompanying BDO attestation covers the quarter-end financial figures and reserve composition.
Trezor Warns Buyers About a Suspected Hardware Implant
Trezor issued a warning urging customers who bought devices supplied by CryptoBilis from March 2026 onward to transfer their holdings to a newly created wallet with a fresh recovery phrase. The precaution follows a report alleging that a Safe 5 device contained an additional circuit board capable of capturing information displayed on its screen. Trezor said it had not yet examined the device itself and had received no reports of related fund losses.
Anchorpoint Plans to Bring HKDAP to Solana
Anchorpoint, the stablecoin venture backed by Standard Chartered, HKT and Animoca Brands, announced a collaboration with the Solana Foundation to extend its Hong Kong dollar token, HKDAP, to the network. The proposed integration would support issuing and redeeming HKDAP on Solana, with payments and tokenized-asset transactions among the intended uses. The announcement outlines development plans rather than confirming that retail access is already available.
Zcash Groups Propose Changes to Grants Funding
Zooko Wilcox announced a joint proposal from Tachyon Group and Shielded Labs that would preserve Zcash Community Grants while changing how it receives funding. The draft would redirect its 8% block-subsidy allocation into a locked fund for future development and legal defense, alongside a 50,000 ZEC contribution from its treasury to the Network Sustainability Mechanism. These remain proposed changes requiring community acceptance and, for the funding-stream changes, a subsequent network upgrade.