AGP Executive Report
Last update: 10 hours agoBinance Hack: The FBI says North Korea’s TraderTraitor group stole more than $6 billion from Binance on Oct. 29, converting much of it into Ethereum and likely moving it through DeFi and swap services. The bureau urged crypto firms to block transactions tied to named wallets. Customer Recovery: Binance says it has replenished 90% of the stolen assets and will cover the rest, though less-liquid tokens may take longer to source. Withdrawals are expected to resume Sunday, subject to security checks. Market Fallout: Crypto lost about $360 billion in October. Bitcoin ETFs shed $643 million Friday, wiping out the week’s inflows, while Ethereum funds recorded an 11th straight day of outflows. Stablecoin Reserves: Tether reported $1.5 billion in third-quarter profit and nearly $8 billion in excess reserves, with total assets of $191.5 billion.
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