Binance lost about $6.3 billion on the evening of October 29. Most of the asset left in around 20 minutes, across ten blockchains and it was recorded as the biggest crypto theft so far, about four times the Bybit hack in February 2025.
Birch Hill eventually wants to use blockchain technology to bring loans backed by farms, energy projects and apartment buildings onchain. For now, it's starting with a more focused product.
Vlad Tenev's problem with the SEC's innovation exemption now has a date to it. The order runs through September 17, 2031, and the Commission can modify it. On the Q3 earnings call, Tenev said the uncertainty could keep investors from putting major assets into tokenized markets.
The list of companies pushing back against OKX-ICE's tokenized stocks has grown considerably since last week. An updated public notice stated as at October 19, 16 companies have objected, up from nine just five days earlier.
GMO Internet reported the sale, the same day Bitget's hot wallets were drained. The first unauthorized transfers took place on Sept. 25 in Tokyo, meaning the sale appears to have been reported before the theft began. Bitget was already working through the deal when the breach happened.