CertiK recommends exchanges set hard USD holding limits for hot wallets
BlockBeats reports that CertiK recommends crypto exchanges set hard hot-wallet USD holding limits by asset and blockchain, alongside circuit breakers to limit potential losses.
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BlockBeats reports that CertiK recommends crypto exchanges set hard hot-wallet USD holding limits by asset and blockchain, alongside circuit breakers to limit potential losses.
Mercado Bitcoin says a hot-wallet attack caused approximately 40000000 USD in losses, which it will bear itself; customers are not expected to incur losses. The exchange said the incident is under control and that it is tracking the assets and coordinating a response.
PANews statistics indicate that 2017 to 2026 years,Lazarus and North Korea-linked hackers were involved in 37 crypto theft cases, involving approximately 11817000000 USD. The article reviews the Ronin and Bybit incidents, among others.
BTCPay Server The investigation found an attack path targeting 2.4 instances running.1 and earlier versions; there are currently no credible reports indicating that hot wallets of users on the latest version 2.4.7 were stolen. The official body urged users to update and submit incident details and logs.
According to Bizwatch, South Korea's Financial Services Commission November 2 convened regulatory agencies,DAXA and major exchanges to review wallet and privilege management, and required a higher cold-wallet ratio and stronger monitoring and reserves.
BTCPay Server said it had received reports of unauthorized transfers from hot wallets and advised users running instances to shut down the service immediately pending completion of the investigation.
He Yi said on X that the security audit between the prediction market’s independent module and the Binance main platform wallets has not been completed, and restoration of the relevant functions will be given lower priority. She said some new hot wallets may have been mistakenly counted by tracking tools as fund outflows.
He Yi responded that Grok Bot may have included some of Binance's new hot wallet addresses in fund outflows and recommended cross-checking with multiple tools. Earlier,KOL said that, after asking Grok Bot, it believed Binance's net outflows may be within 2000000000 USD.
According to PANews' account of a video posted by He Yi on X, the net amount of funds affected in the Binance hot wallet incident was 30 several hundred million USD, accounting for more than [unspecified] of user assets and publicly disclosed reserves 2%. She said that user funds are safe and that the suspension of withdrawals was to protect asset security.
Binance A spokesperson said the stolen funds came from the company's hot wallet and customer funds were unaffected; most customer funds are held in cold wallets.
This post reviews 2014 to 2026 global 30 theft incidents,CEX major theft incidents worldwide, stating that cumulative losses exceeded 11300000000 USD, and mentioning the high proportion of cases involving North Korean hackers.
Reserve stated that Binance approximately 3380000000 tokens stolen from the hot wallet RSR were converted on Uniswap v3 into 1856 tokens ETH, equivalent to approximately 4100000 USD. Reserve's protocol contracts were unaffected, and holders need take no action.