White House Chief Cryptocurrency Advisor: Major Announcement on "Strategic Bitcoin Reserve" Plan to Be Released in the Coming Weeks

According to Bitget’s official announcement, due to the recent stock split of underlying asset Sandisk (SNDK), the platform will conduct automated processing for the SNDKUSDT contract on November 20. The split ratio is 1-for-8. Users do not need to take any action, as their profit and loss, position value, and margin will remain consistent with pre-split levels. For specific product details, please refer to Bitget’s official platform.

Binance has released an update on the security incident, stating that it has covered approximately 95% of the affected funds from the theft, an increase from the previously announced 90%. The remaining ~5% consists of tokens outside the top ten assets. Due to low market liquidity, Binance is still procuring these tokens via the open market and over-the-counter (OTC) channels, and more time is needed to reach the required scale. Binance also noted that user balances of BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC have achieved 100% reserve coverage, and users can verify this via the Proof of Reserves (PoR) page. Binance reiterated that it will bear all financial losses resulting from the stolen funds and will not pass the losses on to users. Once the investigation is completed, the platform will also release a post-incident review report to disclose more details.

Per HTX market data, XPL dropped nearly 20% in the short term, now priced at $0.0727, with its market capitalization slumping to $408 million. In the past hour, XPL liquidations reached $24.4912 million, including $24.3106 million in long-position liquidations and $180,500 in short-position liquidations.

PeckShield data shows that 56 major security incidents hit the crypto industry in October 2026, with total losses reaching approximately $6.48 billion — a roughly 745% surge from the $766.49 million recorded in September. Among these incidents, the Binance security breach caused around $6.3 billion in losses, plus another $3 billion in assets frozen, making it the costliest crypto security event of the year to date. It outpaced Bitget (around $387 million) and Liquid Network (around $320 million), which ranked second and third respectively. Approximately $285 million of the funds lost in the Liquid Network incident has been recovered. As of October 31, the top 10 attack incidents by annual losses totaled around $8.6 billion, accounting for 92.3% of the year’s total losses; the statistic does not yet deduct frozen or recovered funds. Beyond the aforementioned incidents, Drift, KelpDAO/LayerZero, COLDCARD Wallet, and others also featured in the top 10 annual loss rankings.

According to Lookonchain's monitoring, the Binance attacker made an operational error while selling altcoins, dumping 908,793 PROM tokens (valued at around $5 million) into a nearly depleted liquidity pool on Uniswap V2. The attacker ultimately received only 0.0316 ETH, worth approximately $71, meaning the single operation resulted in a loss of roughly $5 million for the attacker.

The Binance hacker made a $5M mistake while dumping altcoins! The hacker sold 908,793 $PROM (worth ~$5M) into a nearly empty Uniswap V2 liquidity pool and received just 0.0316 $ETH ($71).