Binance CEO Yi He said on Friday, October 30, that the exchange’s own crypto holdings already match most of the tokens affected by its security incident, so only a small portion needs to be bought through on-exchange and off-exchange channels. The incident involved about $6.3 billion in assets, she said, and about $3 billion has been frozen with help from industry partners. Binance will use its own funds to match the affected assets in full.Most Affected Tokens Already CoveredYi He explained that Binance’s daily revenue and assets are held mostly in crypto, matching the majority of the tokens taken. That means Binance does not need to put the full $6 billion-plus into the market to buy new tokens. The exchange said earlier that $5 billion of its $6.34 billion reserve is already held in the exact tokens affected. Yi He thanked industry partners for their help in freezing assets.Withdrawals to Resume Within 42 HoursWithdrawals, paused for nearly a day to protect remaining assets, are expected to resume within the next 42 hours, Yi He said. The team is rebuilding the security environment and wallet settings and conducting security reviews. Withdrawals will reopen only once the environment is confirmed secure and user assets are protected.Proof of Reserves Update ComingBinance will update its Proof of Reserves in the coming days so users can verify their assets, Yi He said.Investigation and Next StepsThe security and technology team’s review so far shows the incident was a complex, multi-faceted attack, Yi He said, and Binance will proceed with extra caution. The exchange plans to publish a detailed technical security audit report and invite industry participants to help build shared security standards. Yi He said Binance will not stop pursuing the attackers, and will work with law enforcement worldwide to investigate the attack team and trace the stolen funds, while increasing its investment in security.

DRW founder and CEO Don Wilson raised six core questions about Hyperliquid, including information priority and position transparency. According to ChainCatcher, his comments came as the parent of the New York Stock Exchange considers bringing the decentralized perpetual futures platform to the U.S. market. Wilson asked what advantages on-chain perpetual futures trading on a regulated exchange would offer. He said on-chain trading can reduce friction in trustless markets without identity checks, or allow buyers to receive purchased assets instantly through atomic transactions. But he noted that perpetual futures are not assets, so the latter benefit would not apply. Wilson also named Stan Druckenmiller and asked whether he understood that positions and trades on Hyperliquid can be tracked in real time, and whether he considered that an advantage. Wilson questioned whether Hyperliquid’s priority-fee mechanism—which lets participants pay to see information earlier or move their orders ahead in the queue—aligns with the CFTC’s core principles. He also asked whether offshore and U.S.-based order-book liquidity could be combined and, if not, whether listing perpetual futures on a regulated exchange with a traditional centralized order book would be preferable to the inefficiencies of on-chain matching. Intercontinental Exchange and trade[XYZ] previously announced plans to use Hyperliquid infrastructure to establish perpetual futures markets for crypto assets, stocks, commodities, foreign exchange and other real-world assets for U.S. traders, subject to regulatory approval. ICE would operate the regulated market and clearing structure. Wilson said the CFTC Chair Selig and the U.S. President Donald Trump administration should be credited with making such experiments possible, adding that markets would determine whether the arrangement was useful.

Digital Assets Week will launch its Dubai edition on 4 February 2027 at the Dubai Exhibition Centre, with the Virtual Assets Regulatory Authority (VARA) confirmed as Host Partner. The one-day conference will gather financial institutions, investors, regulators and infrastructure providers to discuss tokenisation, stablecoins, custody, DeFi and institutional digital-asset adoption, according to BeInCrypto. Following editions in London, New York and Hong Kong, the series will announce its first speakers and participating organizations in the coming months.

Polaris CFO Bob Mack said the company plans to resume stock buybacks in 2027, prioritizing the use of repurchases to offset share dilution. According to Sina Finance, the Minnesota-based off-road vehicle and boat maker suspended buybacks in 2024 as post-pandemic retail sales fell and it worked to reduce dealer inventories. Polaris (PII) had used buybacks to offset dilution from employee stock-based compensation and reduce its shares outstanding. The company reported third-quarter net income of $38.4 million, compared with a net loss of $15.8 million a year earlier. Revenue rose 11% to more than $2 billion. Tariffs and inflation, including higher freight, fuel, aluminum and steel costs, remain significant headwinds. Polaris expects tariff expenses to reach $215 million this year, while commodity and logistics costs are expected to be $70 million higher than in 2025. Polaris has generated cash through internal cost reductions and received about $80 million in tariff refunds to repay debt. As of September 30, its net leverage ratio—net debt divided by earnings before interest, taxes, depreciation and amortization—had fallen to 2 times from 3.4 times at the start of the year. Strategic business investments and dividends are also priorities. Mack said the company’s ability to fund buybacks next year depends on the success of several new product launches and further improvements in operating efficiency. The possibility of continued commodity inflation also adds uncertainty to next year’s plans. He said buybacks remain a goal and described them as his ideal outcome. The company has not yet prepared its 2027 budget or cash flow forecast.

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The hot wallet was emptied by EIP-7702 authorization, freezing approximately 3 billion and resulting in a net loss of approximately 1 billion. The key is whether SAFU can cover the losses and restore trust.

Trezor warned customers who bought wallets through CryptoBilis since March 2026 to move their funds after a Safe 5 device was found with a suspected implant that could steal recovery phrases. The company is arranging laboratory tests and offering affected buyers replacement devices, while urging them to create new wallets with fresh recovery phrases.

Binance's hot wallet saw an outflow of approximately $6.3 billion within 55 minutes, with stablecoin issuers freezing about $3 billion, putting pressure on both reserve coverage and custody security.