In late New York trading on Thursday, spot gold fell 1.13% to $4,201.15 per ounce, while spot silver fell 3.4% to $52.144 per ounce.

Attackers allegedly exploited the Ethereum EIP-7702 mechanism to obtain signature authorization, installing malicious code without direct access to the private key of their Binance wallet. They then invoked the `sweep` function to transfer ETH and dozens of other tokens to a controlled wallet. The same delegation authority was used to transfer $780 million USDC from another Binance hot wallet, followed by the transfer of nearly 195,500 ETH to a newly created wallet. Binance stated that user funds are safe and is currently investigating (Source: Bitcoin News).

Binance lost $5.5 billion due to a suspected hacking attack, and Tether and Circle froze $1.8 billion of those assets.

[An address with a balance of approximately 175 million USDT has been frozen] At 05:31, an address with a balance of approximately 175 million USDT was frozen. After being frozen, the USDT in this address cannot be transferred out. The reason for the freeze is currently unclear.

As of 05:22 (UTC+8) on October 30, 2026, on-chain monitoring shows that approximately $5.643 billion in assets flowed out of Binance token wallets, including $3.528 billion in Ethereum, $1.449 billion in Bitcoin, $628 million in Tron, and a combined $38 million outflow from Arbitrum, Optimism, and Base networks. Tether and Circle have frozen approximately $2.316 billion in stablecoins, including 1.493 billion USDT and 823 million USDC. This statistic excludes change payments and avoids double counting. (BWEnews)