Crypto News

The crypto sector is reeling from a major Binance security breach involving $6.3 billion that has sparked regulatory scrutiny and renewed calls for oversight of offshore exchanges, though Bitcoin's resilience this time contrasts sharply with past exchange hacks. The incident has also intensified concerns about custody risks, with Wall Street firms promoting stock market Bitcoin proxies as safer alternatives, while hardware wallet providers Trezor and Ledger face their own security vulnerabilities. Meanwhile, Tether reported strong Q3 results with $1.5 billion in profits and excess reserves nearly doubling to $8 billion, providing some positive momentum amid broader market weakness.