EP 51
Binance Reports Inflows as Founders Address Recent Breach
In this episode
Binance co-founders CZ and Yi He addressed the aftermath of the recent security breach, with CZ revealing $2.8B in 24-hour net inflows despite acknowledging serious systemic security failures. Broader markets rebounded as Bitcoin climbed back above $78,600 following Democratic victories in the US midterm elections. On BNB Chain, DeFi TVL held steady at $5.20B while launchpad Flap introduced direct DEX pool launches and callout vault mechanisms.
- CZ reported $2.8B in net inflows to Binance over 24 hours while publicly addressing the multi-year security failure behind the recent hack.
- Yi He pushed back against coordinated panic campaigns, warning that attempting to bring down Binance erodes industry-wide confidence.
- Cointelegraph reported that the Binance attackers moved 81% of stolen SOL and routed funds through THORChain.
- BTC recovered to $78,608.28 after dipping to a seven-week low near $75,618 amid the US midterm election results.
- Democrats secured control of both the US House and Senate in the 2026 midterm elections.
- Binance Futures updated its trading fee discount structure for TradFi perpetual contracts.
- BSC TVL rose 0.32% to $5.20B, with Aster Bridge jumping 9.09% to $324.53M and PancakeSwap AMM maintaining $1.47B.
- ZachXBT identified French bank Crédit Mutuel Arkéa as the suspected victim of a crypto exploit exceeding $133M.
- Flap announced its upcoming Pool Launch mechanism and launched its GMGN Callout Vault with automated buyback and burn features.