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On November 1, its market cap was 1.6 million; by November 2, it had reached 4 million.
On November 1, 1uu listed #年年 as a prediction prize pool token.
On the evening of November 1, the meeting reached a consensus, and members completed a charitable donation of one million tokens. There was consensus, action, and warmth.
On November 2, Twitter blogger TCC bought in, driving purchases in international markets year after year.
The year-end pool is BNCB, which is currently the trend for future pools.
More than $6 billion was stolen this time, with $3 billion frozen so far, leaving losses of over 20 billion yuan.
This would be a fatal blow to any company, but Binance should be okay.
Judging by CZ’s tweets, they’re fully capable of covering the losses, though it’ll still hurt.
So far, I haven’t seen any panic among retail investors.
Last year, Bybit had 510,000 ETH stolen. Every time the hackers dumped ETH, its price fell. I was holding a long position in ETH back then, and I was pretty anxious every day.
This time, it’s still 510,000 ETH, plus 18,000 bitcoins. I wonder what kind of storm is coming.
This is rough. It may look like Binance was hacked, but in reality, the fallout affects the entire market.
In this time of rampant hacks and FUD, ae, don’t panic… Instead, let’s look back at how #BINANCE handled crises in the past.
🔸 2018: Two API attacks. Binance immediately froze trading, canceled abnormal orders, and successfully prevented the hackers from withdrawing funds.
🔸 2019: Hackers stole 7,074 BTC, worth approximately $40 million. Binance fully compensated users using the SAFU Fund, and users suffered no losses.
🔸 2022: The BNB Chain bridge was attacked, involving 2 million BNB (approximately $570 million). The network was quickly paused to limit losses.
🔸 2025: Trust Wallet suffered an incident resulting in losses of approximately $7 million. The project pledged to fully compensate affected users. What these crises had in common is that Binance always prioritized protecting user assets, even when it meant using its own resources. Returning to today, some on-chain estimates indicate abnormal fund flows of as much as $3.3–5.8 billion, although actual losses have not yet been confirmed. It is worth noting that approximately $2.39 billion in stablecoins has reportedly been frozen, suggesting that various parties are coordinating to stop the movement of funds.
🔸 2026: Hackers stole $6.3 billion; $3 billion has been frozen. The security-related incident is under investigation.
Big Brother CZ and Sister Yi have also spoken out, confirming that user assets are completely safe.
Personally, I still believe in their ability to handle crises. Because an exchange’s reputation isn’t built on never having an incident, but on how it steps up to protect users when one occurs.
This morning at @Nasdaq @odagius will ring the opening bell for @BNBStandard , joined in celebration by @cz_binance , @ellazhang516 , the YZi Labs team, and our community.
The livestream starts at 9:15 a.m. ET. The bell rings at 9:30 a.m. 👉