Tether froze more than $1.5 billion in 30 minutes, and $729 million still got out

The freeze arrived fast, and part of the funds did not. According to Bitquery, as carried by CryptoSlate, in the 30 minutes after the 29 October attack Tether froze more than $1.5 billion, and $729 million still got out. On 31 October the FBI attributed the attack to the group TraderTraitor. Binance published a full zero-knowledge proof of reserves for the 31 October snapshot and scheduled new snapshots for 4 November. Tracked assets fell from $144.9 billion to $128.3 billion. A Cointelegraph headline says daily net inflows to Binance are positive, plus $2.3 billion, while withdrawals spread. The body of that piece was not readable today, so what remains here is the headline figure, not a second total.

Deposits are moving. On Bybit the number of ETH addresses that deposit rose 142 percent, to 31,539. On Bitget the number of TRON addresses rose 130 percent. OKX records $432 million of stablecoin deposits on ether. On-chain figures say the SAFU fund spent about half of its bitcoin reserve, about $580 million, and fell below the internal threshold of $800 million. It is not said when the threshold will be refilled. @CaffeSatoshi says Binance could not have handled the hack better. @TrendCrypt warns that a proof of reserves does not prove liabilities. @cryptodsignal says the unrecovered share of about 5 percent means borrowed credibility. @BeeNetworkInfo reports that the zero-knowledge proof covers all 10 tokens at 100 percent or more. The post has 23 likes and 2,379 views. The sample has no reaction from Cardano pool operators, which is expected for this subject.

What else arrived

Paolo Ardoino says Tether holds 150,000 bitcoin in total, about $11.5 billion, but without custody detail. Arbitrum's security council, of 12 members, moved about $30 million of funds tied to the Binance hack, without the hacker's key. That is the second such case this year. The FATF is starting targeted reviews of jurisdictions with heavy virtual-asset provider activity. Of 91 jurisdictions that have Travel Rule laws, 55 still do not supervise. The XRP Ledger is patching a flaw that could have let stablecoin partners issue new tokens. Mercado Bitcoin halted withdrawals after a loss of $40 million across 10 networks.

THORChain halted swaps on 10 networks because of a bug in an ether reorg. BTCPay advised users to shut servers after reports of drained wallets. By the deadline Brazil had applications from only about 40 firms for crypto licenses. Liquid Network restored bitcoin reserves, LBTC, after an exploit. Consensys launched CLIP, interoperability between bank blockchains. Adam Back comments on supporters of a Bitcoin fork around BIP-110. OKX published a proof of reserves with 156,609 bitcoin. Trezor warns of a reported implant in a Safe 5 bought on Tokopedia. Buyers from CryptoBilis since March 2026 are advised to use a new seed. There are no confirmed losses.

Headlines whose bodies were not readable today, so they remain here only as headlines: North Korea denies a role in the hack and points at the United States. South Korea asks for more cold storage after the hack. France postpones the vote on the 2027 budget and the crypto exit tax. ZachXBT writes about $133 million and an alleged cover-up. NEAR is down 7 percent after a proposal to cut annual issuance passed.

Sources: CryptoSlate, Tether, Bitcoin.com News, proof of reserves, Cointelegraph, inflows, CryptoSlate, deposits, Kriptoteme, SAFU, @CaffeSatoshi, @TrendCrypt, @cryptodsignal, @BeeNetworkInfo, Kriptoteme, Ardoino, Kriptoteme, Arbitrum, Kriptoteme, FATF, Kriptoteme, XRP Ledger, Kriptoteme, Mercado Bitcoin, Kriptoteme, THORChain, Kriptoteme, BTCPay, Kriptoteme, Brazil, crypto.news, Liquid, crypto.news, CLIP, crypto.news, Adam Back, SongMarketCap, Trezor, Cointelegraph, North Korea, Cointelegraph, South Korea, Cointelegraph, France, Cointelegraph, ZachXBT, Cointelegraph, NEAR.