Korean Regulator Evaluates Bithumb Airdrop Snafu: Users Legally Obligated to Return Assets

In response to online rumors claiming Elon Musk criticized Binance for holding an 80% share of the crypto market and urged users to switch to other trading platforms to restore market competition, Musk refuted a comment from Binance founder CZ, stating: "Yes, I never wrote anything like that. This is fabricated." Earlier, CZ had commented on the rumor: "Bro, don't be the one spreading false information." Musk subsequently explicitly denied the remarks, confirming the online content was not posted by him.

In response to a community user’s post alleging Binance has UID collisions, a lost 11,398.77 USDT transfer, and the platform refusing to cooperate with law enforcement, Binance co-founder He Yi stated that each Binance user has only one unique UID, so UID collisions do not exist. He Yi explained that the user intended to transfer funds from Binance to Binance Thailand. Under normal circumstances, cross-platform transfers should use addresses or QR codes, but the user directly entered a UID during the transfer. Despite the platform’s secondary confirmation step, the user completed the transfer without careful verification. After discovering the mistake, the user contacted He Yi immediately. She and four staff members intervened promptly and froze the relevant funds right away. He Yi noted that the recipient is not a criminal, but a user who received the mistakenly transferred funds. The recipient is currently inactive, and the Binance team has attempted to contact them multiple times without response. If the recipient insists on not returning the funds, the platform can only mediate through customer service. He Yi also pointed out that the user filed a police report in Thailand, demanding that Binance’s main site directly allocate assets of a user in another country, which does not comply with local law enforcement procedures. The user should instead report to law enforcement agencies in the recipient’s country. He Yi added that the team has previously assisted in handling large-scale mistaken transfer incidents and facilitated settlements through negotiation, and will continue to contact the recipient going forward. He Yi concluded by reminding users that local fiat trading platforms such as Binance Turkey, Binance Thailand, and Binance US are independent platforms and do not share account systems. Users should carefully verify addresses and UIDs when conducting cross-platform transfers or withdrawals.

Binance founder CZ retweeted a warning about a critical Microsoft Paint vulnerability, stating: "Applications cannot protect you from operating system vulnerabilities—update your OS immediately." According to reports, Microsoft has disclosed the Windows Paint vulnerability tracked as CVE-2026-83844, which carries a CVSS score of 8.1 and affects Microsoft Paint versions older than 11.2605.91.0. The flaw stems from an out-of-bounds read issue, which could allow unauthenticated attackers to remotely execute malicious code without user interaction. Microsoft has released a security patch, and there are currently no confirmed reports of active exploitation of the vulnerability. CZ used this occasion to remind users that application-layer security measures cannot replace operating system security updates, urging them to promptly install system and software patches.

According to monitoring by TradingBeats, "Big Brother Maki" Huang Licheng was liquidated again yesterday. Over the past five days, the $223,000 he raised by selling 15 NFTs at a loss of $505,000 was quickly wiped out again. Today, he sold Bored Ape Yacht Club (BAYC) #32 on OpenSea for 12.5 ETH, totaling around $28,000. He is currently holding a 25x long position of 540 ETH, with an entry price of $2,304.23, liquidation price of $2,203.40, and an unrealized loss of $32,000.

Keplr Wallet has issued a statement confirming it received reports of unauthorized transactions in some wallet accounts created via Google or Apple login, and has notified the Web3Auth team. The two parties are currently conducting a joint investigation. Initial assessments show Keplr wallets created via mnemonics or hardware wallets are not affected by this incident, while accounts created via Google or Apple login may be at risk. During the investigation, Keplr reminded potentially affected users not to transfer new funds to the relevant accounts, nor to re-import or create accounts anywhere. The Google and Apple login functions have been suspended. Keplr also advised users to obtain follow-up updates only through official accounts, and to beware of private messages and links claiming to assist with asset recovery.

According to Taiwanese media reports, Donglin Temple, a well-known temple in Yilan, Taiwan region of China, has been embroiled in a case of embezzling alms and money laundering. Abbot Zhang Qingyu and his son Zhang Weifu, who has become a monk, are suspected of long-term embezzlement of believers' donations and temple property, with the amount involved exceeding 300 million New Taiwan dollars (about 60.77 million yuan). They concealed illegal proceeds by purchasing cryptocurrencies, gold, silver, and surrounding farmhouses. The Yilan District Prosecutors Office launched a search on November 2, digging more than a dozen iron boxes from the gravel ground outside the abbot's meditation room, seizing about 70 kilograms of gold and over 700 kilograms of silver, totaling nearly 800 kilograms with a market value of over 330 million New Taiwan dollars (about 67.24 million yuan). The case originated from a report by a believer's family member, who alleged his mother was defrauded of more than 300 million New Taiwan dollars by Zhang Qingyu under various pretexts while practicing at Donglin Temple between 2010 and 2014. Investigations also found temple funds were long controlled solely by Zhang Qingyu, with part of the alms and temple assets transferred to private accounts. On November 3, the Yilan District Court ruled to detain Zhang Qingyu and Zhang Weifu on suspicion of public welfare embezzlement and violation of the Anti-Money Laundering Act, banning them from meeting visitors. The executive director of the involved Dharma Protector Association and the abbot's wife were released on bail of 1 million New Taiwan dollars each.