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Bitcoin miners are converting power assets into potential AI data centers, but headline contract values obscure heavy retrofit costs, construction credits, debt and delivery risks. Core Scientific’s CoreWeave agreements show how customers and lenders can claim substantial value before shareholders see returns.
Attackers stole roughly $6.4 billion from Binance in the largest crypto hack on record. The exchange says it will cover the losses, while stablecoin issuers froze about $2.3 billion and investigators track billions that remain under the attacker’s control.
According to CoinDesk, an Ethereum upgrade introduced in 2025 helped an attacker use 50 signatures from a Binance wallet, contributing to part of the exchange’s reported $6 billion loss. The feature was designed to give ordinary wallets greater functionality.
Binance’s $6.3 billion hack likely involved compromised transaction-signing systems, not a direct failure of Ethereum’s EIP-7702. Security experts say the upgrade may nevertheless have helped attackers bypass checks and move funds in one operation.
A Binance-linked cryptocurrency theft valued at approximately $6.36 billion began with a $296 million XRP transfer after at least 36 hours of preparation. Investigators traced coordinated movements across 10 blockchains, while the source of key wallet authorizations remains unresolved.
Forty-eight wallets linked to automated trading service Bloom lost 9,408 SOL in a rapid Oct. 26 sweep. Bloom denied private-key compromise and said all nine affected users were refunded, but the signing route behind the transfers remains unresolved.
Binance reserve figures show wallets drained in a hack were still included as backing for customer balances. That leaves the exchange’s ether backing estimated at about 6% below those balances until the stolen assets are replaced, according to CoinDesk.
At least $5.57 billion left Binance-linked wallets across Ethereum, Bitcoin and Tron in a suspected breach. Binance is investigating, while Tether and Circle froze about $1.8 billion in stablecoins from the main receiving wallet.
Polymarket temporarily halted trading after saying a compromised third-party provider caused a major Predictions Trading API outage. Users reported that positions were sold without authorization, while the company said affected users would be compensated and referred the matter to law enforcement.
Polymarket suspended trading after a breach at one of its third-party providers, following user reports that their accounts had been drained. The platform has not disclosed the provider, number of affected users, total losses or a timetable for restoring trading.
Bitcoinjs-lib has fixed two bugs that could cause Bitcoin applications to underestimate transaction fees when processing PSBTs. The flaws affected several v5, v6 and v7 releases, while actual losses required a valid, authorized transaction to be broadcast and accepted.
Luxor Technology has raised $16 million in a strategic round led by CMT Digital. The Bitcoin-mining infrastructure company plans to use the funding to expand its AI cloud, GPU and server sourcing, compute trading operations and workforce as mining and AI infrastructure increasingly overlap.
A vulnerability linked to the Bloom Telegram trading bot drained $953,000 from 48 Solana wallets belonging to nine traders in 94 seconds. Bloom blamed a third-party module, pledged full reimbursement and said private keys were not accessed or compromised.
Unitree Robotics shares have risen about two-thirds since October 15, lifting the company’s value to 271.8 billion yuan. Investors are responding to claims that large AI models could soon give humanoid robots more capable control and practical uses.
CoinDCX has confirmed that 15.99 million USDT, or about $16 million, was stolen from retired wallets after an internal transfer process failed. The disclosure reverses CEO Sumit Gupta’s earlier “false alarm” claim and brings the exchange’s reported losses across two incidents to nearly $60 million.
The post CoinDCX Admits $16M Loss After ZachXBT Exposes Old Wallet Drain appeared first on Coinpedia Fintech News Indian crypto exchange CoinDCX has now admitted a $15.99 million loss after attackers drained funds from...
Initia halted its layer-1 blockchain and rollups after researchers reported an exploit that allegedly enabled unauthorized minting and moved more than $2.6 million in assets to Ethereum. The project is assessing the incident with researchers, validators and exchanges, while losses and the restart timeline remain unconfirmed.
Parker Lewis says Bitcoin could eventually settle every global payment as $107 trillion in debt strains the credit system. He argues merchants may drive adoption by avoiding card fees and chargebacks, while payments—not treasury holdings—will determine Bitcoin’s long-term utility.
