BlackRock, Strategy and Coinbase Launch $15M Bitcoin Security Consortium to Counter Quantum Threats
| CryptoPress | News
Nine major institutions including BlackRock, Strategy and Coinbase launched the Bitcoin Security Consortium on July 23, 2026
Members pledged a combined $15 million over three years to support long-term Bitcoin security research
Primary focus includes preparations for potential quantum computing threats to Bitcoin cryptography
Funds directed independently by each member; consortium takes no role in protocol development or governance…
Binance Completes Zero-Knowledge Proof of Reserves After Covering 95% of Record $6.3 Billion Hack Losses
Binance has replenished approximately 95% of the roughly $6.3 billion stolen in the Oct. 29 hot-wallet hack using company funds.
Users holding BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC can now…
Spot Bitcoin ETFs Record $643 Million Outflow After Record Binance Hack as Exchange Sees $3.64 Billion Withdrawals
U.S. spot Bitcoin ETFs recorded $643.3 million in net outflows on Friday, the largest single-day total since June.
Binance processed a net outflow of $3.64 billion in the first 9.5 hours after reopening with…
Binance Replenishes 90% of Assets After Record $6.3 Billion Hack Attributed to North Korea
Binance suffered a $6.3 billion hot wallet compromise on October 29, marking the largest cryptocurrency theft on record.
The FBI attributed the attack to North Korea’s TraderTraitor group, part of the Lazarus…
October 31, 2026
Binance Allocates $6.34 Billion to Cover Record $6.3 Billion Hack Attributed to North Korea
Binance estimates $6.3 billion was stolen in the largest crypto hack on record.
The exchange has reserved $6.34 billion in company funds to cover all user losses.
Industry partners including Tether and Circle have frozen roughly $3 billion in stolen assets.
Blockchain analytics firms attribute the attack to North Korea’s TraderTraitor group.
Binance, the world’s largest cryptocurrency exchange, has set aside more than $6.34 billion in company…
October 30, 2026
Binance Estimates $6.3 Billion Impact from Oct. 29 Security Incident, Pledges Full Coverage
Binance estimates $6.3 billion total impact from a security incident on October 29
Approximately $3 billion frozen on-chain; deposits and withdrawals temporarily suspended
Exchange will cover all losses from its SAFU fund and company funds; user funds remain safe
Bitcoin fell below $77,000 and BNB dropped more than 7% amid the news
Blockchain analytics firms attribute the incident to North Korea’s TraderTraitor group with high confidence
Binan…
October 29, 2026
Utah Files Criminal Charges Against Kalshi and Co-Founders Over Alleged Illegal Gambling
Utah has escalated its confrontation with prediction market platform Kalshi by filing criminal charges against the company and its co-founders, marking a sharp intensification of the nationwide dispute over whether event contracts constitute regulated derivatives or illegal gambling.
Attorney General Derek Brown charged KalshiEx LLC, CEO Tarek Mansour, and COO Luana Lopes Lara with one count of pattern of unlawful activity (a second-degree felon…
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