Live briefing · Decrypt
Binance Misses Monthly Luna Classic Burn for First Time Since 2023
What Decrypt reports, why it matters and what remains unconfirmed.
CoinsBy Ryan Gladwin at Decrypt
The story in one view
- Reported by
- Decrypt
- Coverage lens
- Security and resilience
- Published
- Evidence status
- Cross-source reports linked
What Decrypt reports
LUNC holders are waiting for Binance’s November burn, but it hasn’t arrived as the exchange recovers from a record $6.3 billion hack.
The immediate significance
The report describes direct security exposure for users, funds or software. The immediate significance is the potential harm; the confirmed scale and any protective action require technical or primary evidence beyond the publisher summary.
Decrypt and CoinDesk have also published a related report, providing another attributed account to compare without treating repetition as proof.
What remains unknown
- The publisher summary does not contain the complete victim, transaction or technical evidence.
- The report does not establish the final loss or exposure, or whether remediation is complete.
- No matched primary document independently supporting the central claim is linked to this page.
Developing Across Sources
How the story developed
Decrypt and CoinDesk are reporting related developments. Reports are shown in publication order; separate coverage is not independent confirmation.
Decrypt North Korea Is Laundering Binance Hack Loot at One New Wallet Every 25 Seconds
$2.85 billion of the $6.43 billion stolen from Binance has been frozen or seized, compared with about 3% in the Bybit hack, as North Korea’s automated laundering spans 12,000 wallets.
Decrypt Tom Lee Calls Bottom on AI Stock Selloff, Citing Tight Supply and Crypto Resilience
The Fundstrat strategist says constraints on AI spending have slowed growth without ending the boom, while crypto’s response to the Binance hack suggests sellers may already be exhausted.
Decrypt Mystery $106 Million Crypto Theft Hits EU Entity Days After Binance Hack
Onchain investigator ZachXBT says an unidentified EU entity lost more than $106 million from centralized exchange accounts on Sunday,.
Decrypt Bitcoin Firm Strive Climbs Up the Treasury Ranks With Another Big Buy
Strive added 124 Bitcoin for about $10 million and now trails Twenty One Capital by 390 BTC for third place among Treasury companies.
CoinDesk Arbitrum’s council moved $30 million of Binance hack funds without the hacker’s key
A 12-person committee briefly rewrote one of Arbitrum’s core contracts to spend from an address it held no key for, then put the code back. It’s the second time this year.
CoinDesk Binance has spent half its SAFU bitcoin, about $580 million worth, data shows
The user protection fund now sits below the $800 million level that Binance’s own rules say triggers a top-up, and the exchange hasn’t said when it will refill it.
CoinDesk Bitcoin’s latest chart signal looks a lot like the ones before its big crashes
The Guppy Multiple Moving Average bands signal a bearish momentum, even as seasonality and post-midterm history lean bullish.
CoinDesk Mercado Bitcoin pledges to cover all user losses after near $40 million hack
Partners like Tether, Circle, and Chainalysis helped freeze $11M of the stolen assets.
CoinDesk North Korea denies role in $6.4 billion Binance hack after FBI points to TraderTraitor
The high-profile denial follows FBI alerts identifying North Korean-controlled wallet addresses tied to the largest cryptocurrency exploit in history.
Decrypt North Korea Denies $6.3B Binance Hack, Calls FBI Finding a 'Political Provocation'
Kim Yo Jong suggested the U.S. itself could be behind the theft, as Binance said hourly deposits had begun to exceed withdrawals.
DecryptCurrent briefing Binance Misses Monthly Luna Classic Burn for First Time Since 2023
LUNC holders are waiting for Binance’s November burn, but it hasn’t arrived as the exchange recovers from a record $6.3 billion hack.
CoinDesk Binance net outflows reach $5.3 billion after record hack. CEO says recovery underway
Nearly $11 billion left the exchange over 46 hours, although CEO Richard Teng said hourly deposits were beginning to exceed withdrawals.
Decrypt Morning Minute: Tom Lee Calls the Binance Hack Bullish for Ethereum
Meanwhile, both the BTC ETFs and ETH ETFs bleed outflows in the Binance hack aftermath, dragging down prices.
Related Articles And Podcast
Further reporting and analysis on this story.
Podcast15 min
Binance Hacked for $6.3 BILLION — Is Your Crypto Safe? | Daily Crypto Deep Dive
Binance Suffers a Record $6.3 Billion Crypto Hack
Read the notes and play the episode