The Polylog Crypto Intelligence Brief

Morning Edition · Sunday, November 1, 2026

Crypto

FBI ties $6.3 billion Binance theft to North Korea as the exchange restarts withdrawals after covering 90% of losses

The attackers made Binance's own hot-wallet signing system send funds on ten chains in about 20 minutes, and stablecoin issuers and partners froze roughly $3 billion of the proceeds.

7 sources
Corroborated

Geopolitics

FBI asks THORChain node operators, RPC providers and DeFi services to refuse transactions tied to the Binance thieves

The request lists Bitcoin, Ethereum and Solana addresses, but Chainalysis says the attackers already use thousands of addresses, and President Trump said the United States would "talk to" North Korea if it was responsible.

3 sources
Corroborated

Crypto

Binance-linked wallet borrowed $44.6 million of ether on Aave 40 minutes before the protocol froze markets

Aave says its contracts were never at risk, but its emergency freeze raised borrowing costs for other users, and on Solana Jupiter Lend's withdrawable USDC has recovered only to about 7% of its assets.

4 sources

Crypto

Privacy chain Iron Fish shuts down after a 2019 nullifier bug let an attacker spend shielded coins repeatedly

The attacker withdrew the duplicated coins through the ChainPort bridge, and Crypto Times reports that 2.98 billion wrapped IRON tokens were minted on Base.

3 sources

Crypto

Miden opens a partner mainnet with real funds as privacy networks court institutions

Miden's Bread wallet comes pre-funded with USDCx issued through Circle's xReserve, and Aztec has declared its Noir circuit language stable at version 1.0 after a proving-system flaw in its alpha earlier this year.

6 sources

Crypto

Hijacked domain records sent visitors of 12 DeFi sites to a wallet drainer, taking about $138,000

All 12 sites used the registrar Name.com. In the same week, Chainalysis disclosed a customer-data breach and a London victim lost $14,000 after a street theft, and an Ethereum proposal would let wallets check transaction previews themselves.

5 sources

Crypto

Study of 92,627 trades finds maker-run "PropAMM" venues on Ethereum quote within the same block and take flow from slower pools

Researchers decoded 30 days of fills across nine Ethereum venues where a single professional maker sets prices, evidence that active market making is moving onto the base layer.

2 sources

Crypto

Solana's main validator client leaves the applied commission field empty, so stakers cannot verify fees from reward records alone

Checking a validator's fee requires historical validator state and delegation evidence, a gap that matters more as institutions stake for shrinking yields.

2 sources

Geopolitics

Moscow Exchange will offer bitcoin, ether and tether trading across all sessions from December 1

Under Bank of Russia rules, investors without qualified status face a cap of 300,000 rubles a year per intermediary, and the exchange itself has been under United States sanctions since 2024.

4 sources
Corroborated

Crypto

US spot bitcoin funds lost $643 million in one day, their largest outflow since June, as the Binance theft weighed on prices

Bitcoin fell below $77,000 on October 30, Coinbase missed revenue estimates as its user count fell, and analysts see Friday's payrolls report as the next test of demand.

6 sources

Crypto

Uber earned weekend yield by moving HSBC tokenized deposits into a Franklin Templeton fund on the Canton Network

The pilot bought the fund on a Thursday and sold it on Sunday, capturing about a day and a half of interest that a conventional Friday sale would give up, and HSBC plans to offer the service to US corporate clients.

4 sources

Crypto

Synthetic Anthropic IPO contract on Hyperliquid fell about 20% in its first hour with no shares behind it

Trade.xyz's ANT market lets traders outside the United States take leveraged positions on a private AI company, creating an unregulated price for an asset that does not yet trade.

2 sources