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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR: THORChain’s RUNE token climbed more than 13% to $0.67 after Binance confirmed a $6.3 billion security breach. The price increase came as on-chain investigators reported that funds connected to the Binance and Bitget hacks had passed through THORChain, bringing renewed attention to the protocol’s role in cross-chain cryptocurrency transactions. THORChain’s native RUNE token recorded a significant rally on Friday, gaining more than 13% following news of Binance’s record-breaking $6.3 billion security breach. According to TradingView data, RUNE climbed to approximately $0.67 from a local low of…

In brief Bitcoin dipped to about $76,400 on Friday, roughly 6% below its post-Fed level, after Binance’s record $6.4 billion hack, versus a fall from $10,740 to $9,690 in minutes in March 2018 over an attack that Binance said stole nothing. Crypto’s market value has grown from more than $400 billion in March 2018 to roughly $2.6 trillion, and U.S. spot Bitcoin ETFs now hold roughly 1.3 million coins. Binance says it has set aside more than $6.34 billion to cover losses, about $3 billion is frozen, and withdrawals should resume in 45 hours. Bitcoin is down about 4% a…

In brief EIP-7702 is an Ethereum upgrade, activated in May 2025, that lets standard wallets temporarily take on the abilities of smart contracts. It enables batched transactions, gas sponsorship and limited-permission keys, but delegated code gets full access to the wallet’s funds. An attacker used EIP-7702 in October 2026 to drain a Binance hot wallet during a $6.4 billion hack that analysts attributed to North Korea. Ethereum has two kinds of accounts. Externally owned accounts (EOAs), the standard wallets most people use, are controlled by a private key and can do little more than send transactions. Smart contract accounts can run…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Binance hack shows an attacker reportedly used Ethereum’s EIP-7702 authorization feature to drain approximately $2.5 billion from Binance’s Ethereum hot wallet. The attacker gained the ability to move funds without repeatedly requesting individual transaction approvals. The incident forms part of a wider Binance security breach estimated at $6.3 billion. Binance suffered one of the largest cryptocurrency security incidents on record after an attacker exploited an Ethereum authorization mechanism to drain approximately $2.5 billion from one of its hot wallets. The attack targeted a wallet identified as…

In brief Israel has extradited Alexander Block, formerly Alexander Gurevich, to the U.S. to face charges over the alleged theft of about $2.8 million from crypto bridge Nomad in 2022. Prosecutors allege that his exploit exposed a flaw that other users then used to drain more than $186 million from a Nomad-controlled wallet. Israel’s Supreme Court rejected his appeal, ruling that exploiting a programming flaw can be unlawful computer intrusion even where the software permitted it. Israel has extradited an Israeli-Russian citizen to the United States to face charges over the alleged theft of about $2.8 million from crypto bridge…

Nearly three million people may qualify for payments of up to $8,500 each under a data breach settlement tied to a major university cyberattack. Columbia University has agreed to pay $16,125,000 to settle a class action lawsuit over the May of 2025 attack on its network, the settlement website says. The case is In re Columbia University Data Breach Litigation in the U.S. District Court for the Southern District of New York. The class covers U.S. residents whose private information was compromised in the attack and who were sent a notice about it. Columbia estimates there are 2,973,631 class members.…

In brief Trezor said it received a credible report of a hardware implant in a Safe 5 bought from reseller CryptoBilis in August, though it hasn’t examined the device yet. The implant reportedly reads the wallet backup from the screen and sends it over a mobile network, which Trezor says appears similar to Ledger’s case. Trezor urged anyone who bought one of its wallets from CryptoBilis since March 2026 to move their funds to a new wallet with a new recovery phrase. Hardware wallet manufacturer Trezor has warned customers who bought its devices from reseller CryptoBilis to move their funds,…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TLDR XRP Ledger developers have proposed four fixes to close gaps in issuer approval requirements for restricted tokens. The changes would strengthen checks on trading pool shares and token transfers, preventing unapproved accounts from acquiring restricted assets through exceptions. Holders without approval would generally only be able to return affected tokens to the issuer, unless the issuer authorizes their account. The proposals are not live on mainnet. The XRP Ledger Foundation described the work as routine protocol hardening and reported no known outsider exploitation of the remaining…