North Korea-linked attackers spent months compromising Binance employees and internal systems before exploiting its hot-wallet signing infrastructure through Ethereum's EIP-7702 mechanism. 

Your day-ahead look for Nov. 3, 2026 

Nearly $11 billion left the exchange over 46 hours, although CEO Richard Teng said hourly deposits were beginning to exceed withdrawals. 

Bitcoin edged up 0.2% to around $76,900 since midnight UTC as spot ETFs lost $399 million for a second day and Binance customers pulled a net $4.72 billion. 

But there’s a catch: validators that fail to deliver on their commitments currently face no financial compensation requirement under the service.