🇺🇸❌🇮🇷 — U.S. strikes occured against Bandar-e-Jask, coastal southern Iran 27 minutes ago. 4 missiles struck the Islamic Republic of Iran Navy's Jask Naval Base.

🇺🇸❌🇮🇷 — Rising smoke in Bandar-e-Jask, coastal southern Iran.

📢 🌐 👨‍💻 Binance Founder Says Exchange Appears Hacked as $1.8 Billion Frozen

Binance co-founder Changpeng Zhao says the exchange appears to have been hacked, with Tether and Circle freezing approximately $1.8 billion. Binance is investigating a potential security incident, while CZ says he expects user funds to be fully covered.

Binance co-founder Changpeng Zhao said the cryptocurrency exchange appeared to have suffered a hack, reporting that stablecoin issuers Tether and Circle had frozen nearly $1.8 billion following suspicious movements from wallets associated with the platform. In an October 29 post on X, Zhao, widely known as CZ, said user funds were safe and expressed confidence that customers would be fully covered. “It does look like a hack on Binance,” Zhao wrote.

Binance separately acknowledged reports of a potential security issue and said its teams were investigating. The exchange has not yet released a definitive account of the incident or confirmed the total amount of any losses.

Zhao addressed the reports after on-chain monitoring accounts identified large transfers from wallets labeled as belonging to Binance. “User funds are safe!” he wrote, before acknowledging the possibility that the exchange had suffered a security breach: “It does look like a hack on Binance.” He also thanked the two major stablecoin issuers for their response: “Appreciate the quick freeze from Tether (~$971m) and Circle (~$823m).”

⬇️ Continued:
https://clashreport.com/world/articles/binance-founder-says-exchange-appears-hacked-as-1-8-billion-frozen-jq23rpluiam

👨‍💻 🇪🇺 📵 EU puts country-level social media bans for children on hold

EU blocked Austria's draft ban on social media for children under 14 and postponed overlapping national laws for 12 months.

Commission proposed EU-wide rules: ban children under 13, limited supervised access until age 15; fears national laws would fragment the bloc.

Exceptions exist for France and Greece; Austria criticized the pause as delaying child protection; EU aims to finalize the EU Kids Act soon.

Although the commission demanded France’s proposed law be reworked, it is not expected to be blocked because Paris notified Brussels of the law before bloc-wide legislation was put forward.

And Greece has been able to pass its own rules, drafted long before September.

The EU has yet to deliver verdicts on bans by other EU states including Italy and Slovakia.

https://insiderpaper.com/eu-puts-country-level-social-media-bans-for-children-on-hold/

⚰️ 🇺🇸 🏥 The U.S. Army has conducted its first large-scale battlefield burial exercise since the Korean War, testing procedures to temporarily inter up to 2,400 remains in 24 hours as it prepares for high-intensity combat against a peer adversary.

Soldiers used heavy construction equipment to excavate and refill burial trenches while practicing procedures intended to preserve remains for later identification and repatriation. The exercise reflects preparations for high-intensity warfare in which American forces might be unable to evacuate the dead from the battlefield immediately.

The training involved personnel from the 3rd Corps Sustainment Command, 20th Engineer Brigade and specialized military support teams. Preventive medicine personnel, chaplains and fatality management specialists also participated.

The exercise focused on temporary battlefield interment, a procedure used when the immediate evacuation of human remains is not feasible. Military engineers practiced preparing burial sites under conditions intended to simulate the logistical demands of large-scale combat.

The Army emphasized that the procedures were designed to maintain accountability and enable the eventual recovery of remains. No actual human remains were used during the training.

Soldiers operated D6 bulldozers and other earthmoving equipment to excavate and backfill trenches. According to the Army’s reported training results, preparing a trench capable of holding approximately 20 remains took an average of one hour and 15 minutes.

Military planners calculated that a properly equipped engineer company could excavate and cover trenches with a combined capacity of up to 2,400 bodies during 24 hours of continuous operations. The figure represents a planning estimate for sustained engineering activity rather than the number of simulated remains buried during the exercise.

The training also examined the arrangement of burial trenches. One standard configuration involves five parallel trenches with a combined capacity of approximately 100 remains, and engineers tested spacing and excavation methods to determine how the equipment and burial process could affect the preservation of remains.

The Army used skeletal models and sealed water containers placed inside burial bags to represent human remains. The materials allowed soldiers to practice handling and positioning remains while evaluating the effects of heavy machinery. The exercise also tested methods intended to prevent damage during excavation and backfilling.

According to the Army, Operation Dragon Covenant marked its first large-scale practice of temporary battlefield interment since the Korean War. During subsequent conflicts in Iraq and Afghanistan, American forces generally operated with sufficient air superiority to evacuate remains rapidly, reducing the need for temporary burial sites near combat areas.

⬇️ Continued:
https://clashreport.com/defense/articles/u-s-army-trains-to-bury-2-400-war-dead-in-24-hours-vi6ev6vmt78

🖥 🇺🇸🔽Over 60% of the S&P 500's components are now in bear market territory, down -20% or more from their record highs.

Four of the Magnificent 7 stocks are now in bear market territory, with these seven names erasing a combined -$4 trillion in market cap since their highs.

We are in a "stealth" bear market.

📎 KobeissiLetter

👨‍💻 🇰🇵 🏦 World’s largest crypto exchange hit by suspected North Korean hack in world’s largest heist

Crypto-tracing firm TRM Labs attributed the heist to an elite North Korean hacking unit “based on robust on and off-chain intelligence,” pointing out that “several features of this attack match earlier North Korea-linked heists.”

Pangolin Intelligence, another blockchain-tracking firm based in Singapore, said it also believed that a North Korean hacking unit was behind the heist.

“I think the cat and mouse game has barely begun yet,” the Pangolin Intelligence analyst told CNN, adding that North Korea was likely poised to tap a network of money laundering organizations to try to cash out the stolen funds.

Chainalysis, another crypto-tracking company, said it was monitoring stolen funds “moving across multiple blockchains,” including bitcoin and ethereum. A Chainalysis spokesperson told CNN the firm had “high confidence” North Korea was behind the hack.

If North Korea is proven to be the culprit, it would be little surprise to US law enforcement officials and private experts. North Korean hackers were blamed for the previous record-high crypto hack, when they allegedly stole $1.5 billion from Bybit, another major cryptocurrency exchange. In that case, the attackers stole an amount equal to a significant portion of North Korea’s reported annual gross domestic product in a matter of minutes.

⬇️ Continued:
https://www.cnn.com/2026/10/30/tech/binance-crypto-heist-hnk-intl

🖥 🇺🇸 🔽 The Nasdaq 100 extends losses to -3.6% on the day, now on track for its biggest daily decline since June 5th.

The index has erased over -$1.3 trillion in market cap today.

📎 KobeissiLetter