☕️ Binance Audits Reserves After $6.3B Hack as Arbitrum Freezes Stolen Funds Binance deployed a zero-knowledge reserve audit following its historic breach, while onchain responders and federal agents work to trace and freeze the stolen assets.
1. Binance Deploys ZK Proof of Reserves Following $6.3B Breach — Binance issued zero-knowledge reserve proofs confirming full backing for 10 core assets following an Oct. 31 snapshot [1]. The exchange committed $6.34 billion from corporate and SAFU reserves to cover the Oct. 29 security failure, while partners froze roughly 2. Arbitrum Security Council Freezes Attackers' Assets — Arbitrum's Security Council utilized a temporary L1 Inbox upgrade to freeze 8,425 $ETH and 74.5 million $ARB linked to the Binance exploit [3]. The intervention generated unsigned transactions to seize control of the balances, which now sit in a DAO-controlled 3. FBI Identifies North Korean Group in Binance Heist — The FBI attributed the Binance theft to North Korea's TraderTraitor group, as attackers swapped $46.4 million in $SOL for $BTC via the Relay bridge [5]. While central issuers froze roughly $3 billion, attackers retain an estimated $3.5 billion [5]. 4. Mercado Bitcoin Suspends Withdrawals After $40M Breach — Brazilian exchange Mercado Bitcoin halted transactions on Nov. 2 after detecting a network intrusion [4]. Security firm Hypernative flagged over $40 million in suspicious transfers, while Tether froze more than 4.5 million $USDT connected to the incident [4]. 5. New Jersey Drops Coinbase Staking Order and Fine — The New Jersey Bureau of Securities withdrew its 2023 cease-and-desist order and vacated a $5 million penalty against Coinbase without prejudice [2]. The move restores local access to staking rewards, though enforcement actions continue in four other states [2
📊 Bitcoin trades at $76,969, leading a $2.59 trillion market capitalization with 59.4% dominance, while ETH gas remains at 0 gwei.
