The Polylog Crypto Intelligence Brief

Morning Edition · Monday, November 2, 2026

Crypto

FBI Says North Korea Stole $6.3 Billion From Binance, and About Half Is Frozen

Stablecoin issuers froze roughly $3 billion within days, but 18,270 bitcoin worth about $1.4 billion sit untouched in 19 wallets, out of reach of any issuer.

6 sources
Corroborated

Crypto

Binance Customers Withdraw About $3.6 Billion Net After Exchange Reopens Withdrawals

Tracking data shows that nearly nine of every ten dollars leaving Binance did not land at a rival exchange, which points to customers moving into self-custody rather than to competitors.

4 sources
Plausible

Crypto

BTCPay Server Tells Merchants to Shut Down Servers After Hot Wallets Are Drained

The open-source bitcoin payment processor has given no loss figure and no fix, and its founder says the reports appear to involve versions older than 2.4.2, the release that patched a separate wallet-draining attack in August.

4 sources

Crypto

Zcash Developers Set November 5 Target for NU7 Upgrade That Cuts Blocks to 25 Seconds

The upgrade also retires Zcash's oldest shielded pool and adds fee recycling, and ZEC led the large-cap tokens as bitcoin climbed back toward $79,000.

4 sources

Crypto

Ethereum Researchers Propose Running Post-Quantum Signature Aggregation on Layer 2s

A new Ethereum Research post argues that quantum-safe signatures, which are far larger than today's, will make data rather than computation the main limit on rollup scaling, and proposes applying the draft EIP-8288 aggregation scheme to OP Stack chains.

4 sources

Crypto

Fake Airdrop App on Solana Seeker Store and Initia Minting Flaw Lead Week of Smaller Thefts

Attackers broke into a Solana Mobile developer portal to publish a seed-phrase stealer, an Initia virtual-machine bug let an attacker mint about $2.7 million in unbacked tokens, and a UK court case concerns 2,323 bitcoin taken from a hardware wallet.

5 sources

Crypto

Crypto Industry PACs Back Republicans as Polls Favor Democrats Ahead of Tuesday's Midterms

Control of Congress after November 3 will decide whether a stalled market-structure bill moves next year, and spot bitcoin exchange-traded funds recorded $643.2 million in outflows going into the vote.

4 sources
Corroborated

Crypto

Circle Opens Its Cross-Chain Transfer Protocol to Issuer-Run Tokens on Arc

The change lets token issuers move assets between chains by burning and reminting them instead of using pooled bridges. It comes as Circle's freezes in the Binance case show how much control issuers keep over the tokens they mint.

4 sources

Tech

Researchers Show AI Agents Got Past Crypto Spending Limits Without Human Approval

The team argues that any approval an agent can reach is unreliable, an Ethereum researcher proposes moving spending limits into the token itself, and Cursor is telling users to reset credentials after a malicious plugin update.

4 sources

Crypto

Aztec Declares Noir 1.0 Live as Miden Launches a Private Self-Custody Wallet

Builders of privacy-focused layer 2s are shipping production tooling and consumer products, even after Aztec's own proving system needed an emergency pause earlier this year.

5 sources

Crypto

Single-Maker Ethereum Venues Take Flow From Lagging AMMs, Study of 92,627 Trades Finds

On-chain venues priced by one market maker quoted inside the same block at narrow spreads during a month in which about $12.5 billion of leveraged crypto positions were liquidated.

2 sources

Markets

Nvidia and Nike Join 50 Companies Blocking Their Shares From OKX-ICE Tokenized Venue

A Securities and Exchange Commission exemption gives issuers 30 days to veto third-party tokens of their stock, and the objections now cover most of the planned launch list.

3 sources