According to Lookonchain monitoring, the Pando Rings hacker (0x303D...3d9F) bought 7,548 ETH worth $16.72 million 2 hours ago.
Odaily: Du Jun posted on X: "Family offices that I persuaded years ago to allocate BTC and ETH, after experiencing centralized exchange hacks and cold wallet supply chain security incidents, have one after another swapped their BTC for IBIT, and some simply sold their coins to buy physical gold and other traditional assets. I don't even know how to advise them anymore—it seems there's no solution."
Odaily reports: According to on-chain analyst Aunt Ai's monitoring, the Kanye-associated address (0xdea6...1d5c) began selling 1,390 ETH in batches six hours ago (after news of the Binance hack was disclosed), at an average price of $2,275.6, with a sale value of $3.163 million and a loss of $317,000; it is currently still staking 19,506.17 ETH and has borrowed $27.67 million in stablecoins, with a health score of 1.31. A drop in ETH to $1,689.59 will trigger liquidation.
Odaily reports: Following the Binance security incident, the crypto market saw widespread declines. BNB briefly dropped below $700, now trading at $708, down about 5.34% over 24 hours. By comparison, most major and mid-cap altcoins experienced larger declines.
According to market data, SUPER fell 22.06%, RSR dropped 21%, PHA declined 20.59%; GTC fell 19.92%, CVX dropped 19.87%, IMX declined 17.89%; YFI fell 15.53%, EIGEN dropped 15.43%, PYTH declined 15.38%; CRV fell 15.29%, LDO dropped 13.97%, W declined 13.95%, and ZK fell 13.51%.
Odaily: Cameron Winklevoss, co-founder of Gemini, posted on X stating that Zcash does not need to redesign its governance mechanism. Stakeholder voting mechanisms have been operating in capital markets for hundreds of years, and token holder voting is merely their on-chain form. He emphasized that experimental governance is not Zcash's mission—privacy is its core goal—and called for terminating Zcash Community Grants (ZCG) and the distractions and divergence of objectives it brings.
Previously, the Winklevoss brothers' Winklevoss Asset filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for the Winklevoss Zcash ETF. The ETF intends to directly hold ZEC, plans to list on Nasdaq under the ticker WINK with a fee rate of 0.25%, and Gemini Trust Company will serve as custodian.
Odaily reports: Trader Killa posted on X platform that he still holds a BTC long position established near $76,400, and believes the Binance hack incident may become the last major low before a significant crypto market rally.
Killa noted that during periods of market pressure and spreading FUD sentiment, it is particularly important to stay calm. Bitcoin has currently dropped about 13% from its high, and he believes this round of pullback will not reach 20%. Additionally, he mentioned the coincidence of the Binance hack incident overlapping with the timing of the U.S. midterm elections.
Odaily reports: According to on-chain analyst The Data Nerd, the Binance hacker has sold altcoins worth approximately $158.25 million and converted all proceeds into 70,480 ETH.
The specific sell-offs include: 7.02 million UNI (approximately $39.63 million), 217.5 million ENA (approximately $33.93 million), 7.77 trillion PEPE (approximately $31.66 million), 2.57 million LINK (approximately $26.05 million), 127,953 AAVE (approximately $14.27 million), 21.85 million ONDO (approximately $6.62 million), and 17.32 million WLD (approximately $6.09 million).
Currently, all of the aforementioned altcoins held by the relevant address have been fully liquidated.
Odaily reports: Binance founder CZ posted on X that user funds are safe (SAFU), and specifically mentioned that He Yi, despite being pregnant, stayed up all night with hundreds of Binance employees to handle this security incident.
CZ stated that many industry friends and even competitors, including peers with whom relations had previously not been friendly, offered much-needed help. He admitted that this incident is deeply painful, but emphasized that Binance will get through it.
Odaily: According to The Sandbox monitoring, it is aware of the attack incident affecting Binance and is working closely with the Binance team. SAND in user self-custody wallets is unaffected; for SAND held on Binance, please follow Binance's official updates.
Odaily: Bitget has listed perpetual contracts for 3 popular stocks: FTNT (Fortinet), EWZS (iShares MSCI Brazil Small-Cap ETF), and PFE (Pfizer).
These contracts are settled in USDT and support up to 20x leverage and 24/7 trading. As of now, Bitget supports a total of 392 stock contract underlying assets.
Odaily: On-chain detective ZachXBT, in response to a question on X regarding the identity of the attacker behind the Binance security incident, stated that the attacker may be the North Korean hacking group Lazarus Group.
Odaily: predict.fun posted on X that the PREDICT TGE and Season 1 airdrop claim will be postponed in line with the delay of Binance Alpha and spot trading. The new claim date and time will be announced separately once confirmed. predict.fun apologizes for this and thanks users for their patience and understanding.
Odaily reports that Binance has issued an announcement stating that the listing of Predict (PREDICT), originally scheduled for 18:00 Beijing time on October 30, will be postponed, with the new trading opening time to be announced separately. Previously, Binance had announced the listing of PREDICT and added a seed tag to it.
Odaily reports: According to the real-time "Customer Assets" display on Binance's official homepage, Binance customer assets total approximately $129.404 billion.
Additionally, according to information on Binance's official Proof of Reserves page (https://www.binance.com/zh-CN/proof-of-reserves), as of October 1, 2026, the reserve ratios for major assets are all no less than 100%. Among them:
BTC reserve ratio is 100.35%, with net account balance of 688,572.68 BTC and on-chain wallet balance of 691,003.593 BTC;
ETH reserve ratio is 100.00%, with net account balance of 3,799,136.43 ETH and on-chain wallet balance of 3,799,139.752 ETH;
USDT reserve ratio is 103.88%, with net account balance of approximately 32.028 billion and on-chain wallet balance of approximately 33.271 billion;
USDC reserve ratio is 108.26%, with net account balance of approximately 7.178 billion and on-chain wallet balance of approximately 7.771 billion.
The reserve ratios for BNB, SOL, and XRP are 100.47%, 100.00%, and 100.77%, respectively.
Calculated at current prices, the total net balance is approximately $133.6 billion; the total on-chain wallet balance is approximately $135.8 billion.
Binance also clarifies: Proof of Reserves covers custodied user assets, and the excess portion does not represent the company's total own assets; the "Customer Assets" on the official homepage is a separate display metric and is not the same summary table as the reserve proof snapshot disclosed by currency.
Odaily Report: Binance has issued a security incident progress announcement stating that the preliminary investigation indicates the incident may have originated from the compromise of a DevOps engineer's laptop, through which attackers gained access to service containers and submitted unauthorized withdrawal transactions. No evidence of wallet private key leakage has been found so far, and a complete technical investigation report will be published after the investigation concludes.
Binance stated that the incident is expected to cause losses of approximately $6.3 billion. The platform has already collaborated with blockchain partners to freeze approximately $3 billion in affected assets on-chain. The platform will cover all losses through the SAFU fund and the company's own capital, and will update its Proof of Reserves (PoR) after security remediation is completed.
As an emergency response measure, Binance has temporarily suspended deposits and withdrawals, revoked authorizations for affected addresses, and is working with law enforcement agencies and blockchain intelligence partners to track and recover the stolen funds. Binance emphasized that user funds are safe, and the related investigation and recovery efforts are still ongoing.
Odaily reports that according to on-chain detective Specter monitoring, Kite has frozen 6 million KITE, and the Turtle team has seized 3.1 million TURTLE through managed transfers. The total amount currently frozen and blacklisted is $3.1 billion.
