Binance suffered a hot wallet hack. Tether and Circle froze USDT and USDC linked to it. Ethena reports limited $8.8M impact, covered by its $60M reserve fund. Liquidity is being withdrawn from several markets as a precaution.
Key points
Tether and Circle have frozen a significant amount of USDT and USDC linked to the incident
Ethena’s potential impact is $8.8M, fully covered by its $60M reserve fund
Sources
Binance hot wallet incident update – collateral unaffected, exposure <$10M
Binance hot wallet incident update says no collateral backing vaults is affected and Ethena’s exposure to Binance is below $10M, covered by its insurance fund. Withdrawals operate normally; some Morpho markets may have reduced liquidity.
Key points
Collateral: No collateral backing vaults is affected, includes Figure, OnRe, Huma, Avant, InfiniFi, Tori, Re, Obligate, f(x) and Coinshift across all chains.
Indirect exposure: Ethena’s potential exposure to Binance is below $10M and falls within the coverage of its insurance fund (over $60M).
Sources
Binance covers ~1 bn loss, 0.69% of 144 bn assets under custody
Binance says all losses will be covered and funds are SAFU. The total loss is around ~1 bn, which is 0.69% of its 144 bn assets under custody.
Key points
Loss amount: ~1 bn
Loss proportion: 0.69% of 144 bn assets under custody
Sources
Binance-affiliated wallets incident, markets frozen on V3 and V4
Binance-affiliated wallets may be impacted. Aave contracts are unaffected and positions stay overcollateralized. All V3 and V4 markets are frozen, pausing new deposits and borrows while allowing withdrawals and repayments.
Key points
Incident reports affect Binance-affiliated wallets.
Freeze pauses new deposits and borrows; withdrawals and repayments remain possible.
Sources
Binance Alpha trading suspended temporarily
Binance Alpha trading is temporarily suspended due to a security issue; user funds remain safe. Trading will resume once the issue is resolved and updates will be provided.
Key points
Binance Alpha trading temporarily suspended.
User funds remain safe.
Sources
Aave markets frozen, collateral LTV set to 0
Aave froze its v3 markets on mainnet and set the loan-to-value ratio for collateral assets to 0, preventing new borrowing. Existing debt remains backed and can be repaid or cleared with tools like DeFiSaver.
Key points
LTV ratio for collateral assets is 0.
New borrowing is disabled while collateral LTV is 0.
Sources
Pulsar Earn launch on Arc with Morpho and Steakhouse
Pulsar Earn is now live on Arc, bringing on-chain yield to a money app. It is powered by Morpho and curated by Steakhouse. The post promotes the new feature.
Key points
Launch: Pulsar Earn is now live on Arc.
Partners: Powered by Morpho and curated by Steakhouse.
Sources
Better Auth security release scheduled for 2026-11-03
Better Auth announced a security release scheduled for Tuesday, November 3 2026. The related advisories will be published on GitHub Security Advisories at the same time.
Key points
Security release date: Tuesday, November 3 2026.
Advisories publication: GitHub Security Advisories concurrently.