Btcpay Server issued an emergency shutdown warning Nov. 1, 2026, after reports that attackers were draining bitcoin from hot wallets connected to self-hosted payment servers. Founder Nicolas Dorier linked the reported compromises to versions predating 2.4.2, while indicating that public servers running version 2.4.7 had not been attacked. The warning arrived just three days after […]

At a glance Actor North Korea, according to the FBI as cited by Binance Activity Social engineering, malware, internal tool abuse, and unauthorized wallet signing Targets Binance engineers and hot wallets Scale About USD 6.34 billion in assets affected; USD 2.85 billion frozen, per Binance Status FBI attribution reported; no arrests or charges announced TL;DR On October 29, 2026, attackers drained Binance hot wallets in a Binance hack that affected about USD 6.34 billion in assets.

Bitget CEO Gracy Chen says the exchange's $388M hack stemmed from a third-party security vulnerability that exposed internal credentials. Private keys and cold wallets were unaffected. Investigations into a potential North Korea link remain ongoing, with firms Mandiant and SlowMist assisting.

Cryptocurrency exchange Bitget has experienced unauthorized transfers totaling approximately $351.6 million. These transfers affected parts of its hot and warm wallet infrastructure but did not impact cold wallets. Bitget asserts that its User Protection Fund, exceeding $464 million, is sufficient to cover the entire estimated loss. Withdrawals on the platform have been temporarily suspended to allow for a thorough investigation. The exchange is collaborating with law enforcement and security firms to address the breach. Deposits and trading activities remain operational during this period. Bitget has identified and flagged suspicious transfer addresses while initiating contact with relevant authorities. A comprehensive incident report, including a root-cause analysis, is expected within 24 hours. The exchange is refraining from public speculation regarding the attack vector until the investigation concludes. The incident highlights the critical role of exchange protection funds and the distinction between exchange and self-custody of assets.

Whale capital flows into Patos Meme Coin as the Solana presale nears its 1.11B token hard cap, with a Coinbase Hotwallet backing major holdings.

When it comes to storing cryptocurrency there’s a choice to be made between a cold wallet or a hot wallet. Although both types of wallets have their advantages and disadvantages, it is necessary to un...