The Federal Reserve and the OCC contacted banks to learn about the impact of the Binance attack, with approximately $6.34 billion in assets affected

Odaily News: The U.S. Federal Reserve and the Office of the Comptroller of the Currency (OCC) began contacting banks on Monday to ask whether there had been any unusual activity or service disruptions. Binance suffered an attack on October 29, with approximately $6.34 billion in digital assets affected; as of the release of the incident report, approximately $2.85 billion in assets had been frozen or intercepted.

Banks are assessing the attack and checking their systems to determine whether they can respond to similar threats. The cybersecurity team of a major U.S. bank contacted Binance within hours of the attack; Binance said it has shared the publicly released incident report with all banking partners and is currently unaware of any vulnerabilities affecting these partner banks.

The Federal Reserve in April 2025 eliminated the requirement for state member banks to notify regulators before conducting crypto business and said it would continue to supervise related activities through the regular supervisory process. Stefan Muehlbauer, head of U.S. government affairs at CertiK, said regulators may pay further attention to banks' crypto asset custody, counterparty risk, and incident response. (Cointelegraph)