Binance hackers move over $1 billion in ETH to new wallets.

The aftermath of Binance's hack incident persists, with CZ voicing support for He Yi, Binance's current CEO, on the X platform. CZ stated: "This pregnant executive has worked around the clock alongside hundreds of Binance staff. Many industry peers, even competitors (including some that were previously unfriendly), have offered invaluable help. It's painful, but we will get through this."

According to BeInCrypto, citing Coinbase’s third-quarter SEC filing, Coinbase CEO Brian Armstrong, co-founder Fred Ehrsam, and President Emilie Choi have each established Rule 10b5-1 stock sale plans, collectively planning to sell up to approximately 13.6 million COIN shares. Based on the October 29 closing price, this totals around $2.2 billion. Armstrong’s plan covers sales of up to ~8.17 million shares between November 16, 2026, and October 2027; the transactions will only execute when the stock reaches preset thresholds, and do not constitute completed divestments.

According to TradingBeats' monitoring, the whale with the address starting with 0x30af — once among Hyperliquid's largest bulls on Microsoft and Google — has placed four consecutive long positions on Sandisk, Microsoft, Google, and Intel during this week's earnings-heavy period, with a total notional value of approximately $34.99 million. Among these positions, Sandisk and Intel were closed early for profit-taking, Google's long position was liquidated, and Microsoft triggered a full position stop-loss after last night's US stock market opened. As of press time, the account has recorded a $390,000 loss over the past week, and a cumulative loss of around $15.3511 million in the past month. Since the early hours of October 27, the account has bought approximately $8.4251 million worth of Sandisk, $10.5671 million of Microsoft, $12.0877 million of Google, and $3.9071 million of Intel, with the four long positions totaling roughly $34.99 million. The combined value of Google and Microsoft's positions, at roughly $22.6548 million, accounts for about 64.7% of the total purchase amount of the four stocks, and is the primary source of this round's losses.

Well-known trader Killa stated that he still holds BTC long positions opened at 76.4K. "It’s crucial to keep a level head during periods of stress and FUD (fear, uncertainty, doubt). The Binance hack is likely the last major low for the crypto market before a significant rally. Bitcoin is currently down 13% from its peak. The maximum drawdown Bitcoin saw in 2022 was 22%, based on a 77% drop. I don’t believe Bitcoin will fall 20%. It’s quite ironic that the Binance hack coincided with the midterm elections."

On-chain detective ZachXBT tweeted that the recent Binance attack was likely perpetrated by the North Korean hacking group Lazarus Group (DPRK).

Bonk Guy posted on X that following the Binance hack, he does not believe the crypto space has escaped danger. He noted that prior large-scale CEX thefts had led Bitcoin to plunge 21% within a week. Bonk Guy added that the current incident evokes memories of the 10.11 event, when everyone expected the market to bottom out immediately after such a major sell-off, but instead the industry entered one of the worst crypto winters by scale and duration in a long period. He stated, “It’s hard to imagine things getting worse, and I also don’t think this will be as bad as 10/10.” However, he still advised users to exercise caution when bottom fishing and guard against a secondary market dip.