THE GUARDIAN · 2026-11-02 14:02 UTC

Binance releases proof of reserves for ten cryptocurrencies; oil tumbles amid hopes of Iran war breakthrough – business live

Binance released proof of reserves data for ten cryptocurrencies after a $6.3bn hack on Thursday, the largest in history, with North Korea identified as probable culprit. By Sunday afternoon, Binance processed $4.6bn in withdrawals and $1bn in deposits, resulting in a net outflow of $3.6bn (2.1% of $171bn total assets). Binance founder CZ warned scammers are targeting customers withdrawing funds; US spot Bitcoin ETFs recorded $643 million in net outflows on Friday, with BlackRock's IBIT down $233.7 million.

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