Daily Market Updates: Here’s how an Ethereum upgrade helped drain part of Binance’s $6 billion loss

S&P 5007,722.60▲0.6% Nasdaq26,477.81▲1.2% Dow52,377.57▲0.0% Russell 2K2,818.87▲1.2% 10-Yr4.99%+1bp VIX17.52−0.87 WTI$100.46▼1.3% Gold$4,079.60▲1.0% EUR/USD1.113▼0.4% BTC$76,987▼1.0% Nikkei64,131▲3.1%

At close · Wed, Oct 28, 2026

Crypto

Home›Crypto›Bitcoin›Here’s how an Ethereum upgrade helped drain part of Bi…

Here’s how an Ethereum upgrade helped drain part of Binance’s $6 billion loss

Reported · Written up by our desk · Bitcoin

On Ethereum, the attacker used a 2025 upgrade built to make ordinary wallets smarter, armed with 50 signatures from Binance's own wallet.

Latest closeEthereum $2,238.44 ▼0.5%

← Newer storyZcash grants group offers $124M compromise as governance backlash gro…Older story →KSU links with Brazilian ingredients company

More like this

CryptoMetaMask adds Stellar integration, but cross-chain bridges require manual setup

CryptoBinance hackers raced to move billions before it could be frozen

CryptoIPX Unveils Patent-Pending Atomic Router: Protected Capital in the Bonding Curve, Coinbase-Funded Rewards and Automatic Graduation Into Liquid Markets

CryptoUniswap launches TJAR fee tool, but only fast searchers capture the hidden arbitrage profit

CryptoInside the largest crypto hack on record: How attackers breached Binance for $6.3 billion

Sources

CoinDeskHere’s how an Ethereum upgrade helped drain part of Binance’s $6 billion loss

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.