Posted June 5, 2011, when BTC traded at $17.

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⚡️ JUST IN: BTCPay Server says attackers drained hot wallets across multiple instances and urges anyone running an instance to shut it down with ./btcpay-down.sh until the investigation is complete.

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⚡️ JUST IN: Binance saw $4.54B in net outflows within 12 hours of reopening withdrawals following the $6.3B hack.

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⚡️ JUST IN: THORChain halted 10 blockchains after an Ethereum reorganization exposed a 10 ETH vault shortfall.

The 10 ETH was returned, but trading will resume chain by chain after node operators approve the necessary fixes.

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⚡️ JUST IN: South Korea orders crypto exchanges to raise cold wallet holdings after the Binance hack.

Binance saw about $7 billion in net outflows since the hack, while OKX took in $445 million and Bybit $112 million.

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🔸 Binance Covers Hacked Assets

Binance said 90% of users’ assets affected by the hack are covered by reserves. Coverage is complete for BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC.

The remaining 10% involves less liquid tokens, which the exchange is buying on the market and through OTC deals. The funds come from corporate reserves, part of the SAFU fund and part of the futures insurance fund.

Richard Teng said: “We will continue to cover the remaining 10%. Users will not suffer losses.” This does not mean 90% of the stolen funds were recovered from hackers.

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⚡️ JUST IN: Hong Kong launches 24/7 tokenized deposit settlement with real value on EnsembleTX, according to HKMA.

HKMA will expand trials to regulated stablecoins, completed a secondary-market trial of tokenized FX fund bills, and launched tConnect Launchpad with Cyberport.

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⚡️ JUST IN: The Binance hacker mixed stolen funds for the first time, running 28 BTC through CoinJoin, according to Elliptic.

About $3.24 billion in stolen funds remains in linked addresses, mostly ETH and BTC.

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⚡️ JUST IN: Standard Chartered launches tokenized deposits in Hong Kong.

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⚡️ JUST IN: BTCPay Server identified the attack vector behind hot wallet thefts, affecting 2.4.1 or older, with no credible reports on 2.4.7, and urges operators to update.

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⚡️ JUST IN: More than $106 million was reportedly stolen from an EU entity’s exchange accounts.

According to onchain researcher ZachXBT, the suspected thief has been swapping USDC for ETH, using instant exchanges, converting to Monero, and bridging across chains.

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⚡️ JUST IN: XRP Ledger is set to fix a flaw that could let stablecoin partners print new tokens on Wednesday.

Validator support briefly dipped, restarting the two-week activation clock. XRP is unaffected.

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⚡️ JUST IN: Brazil's Mercado Bitcoin suspended deposits and withdrawals after confirming a security incident, saying no customers lost funds or data leaked.

Hypernative had earlier flagged more than $40 million in suspicious transfers across multiple networks.

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🔒 FBI Links Binance Hack to North Korea

The FBI officially identified North Korea’s TraderTraitor group from Lazarus Group as the attackers behind the Binance hack.

The agency published more than 600 addresses tied to the breach and asked the industry to block transactions involving them.

Binance has covered 95% of its reserve shortfall and frozen about $3 billion.

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⚡️ JUST IN: Tether freezes over 4.5 million USDT tied to Brazilian exchange Mercado Bitcoin’s security incident.

Mercado Bitcoin says the incident is contained, with no customer losses or data leak. Deposits and withdrawals remain suspended while it investigates and traces the assets.

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⚡️ JUST IN: NYSE taps Broadridge to move shareholder voting onto the blockchain for its tokenized stock platform.

Investors can vote through supported wallets, brokers, or Broadridge’s ProxyVote service. Broadridge serves over 10,000 public companies worldwide.

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⚡️ JUST IN: Brazil's Mercado Bitcoin will cover the $40 million hack loss itself, while Arkham-tagged hacker addresses still hold about $46.5 million in crypto.

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⚡️ JUST IN: Binance covered $6.3B in hack losses using its own balance sheet, without borrowing, selling assets, or raising capital, CZ said.

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⚡️ JUST IN: Onchain tokenized equities supply hits a record $3.8 billion, up 590% this year, while Jupiter says 70% of tokenized asset trading now happens outside traditional market hours.

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⚡️ JUST IN: SEC releases a new crypto token taxonomy FAQ, apparently clarifying decentralization questions the Clarity Act would settle in law.

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