Derek Chiang: The EIP-7702 protocol has not been broken.

Binance's official website shows that its client assets total approximately $129.404 billion. As of October 1, 2026, the reserve ratios of its major assets are all above 100%. Specifically, the net balance of BTC accounts is 688,573, with 691,004 BTC in on-chain wallets; the net balance of ETH accounts is 3,799,136, with 3,799,140 ETH in on-chain wallets; the net balance of USDT accounts is approximately $32,028 million, with approximately $33,271 million in on-chain wallets; and the net balance of USDC accounts is approximately $7,178 million, with approximately $7,771 million in on-chain wallets. The reserve ratios for BNB, SOL, and XRP are 100.47%, 100.00%, and 100.77%, respectively. The total net balance is approximately US$133,600,000, and the total on-chain wallet balance is approximately US$135,800,000.

Binance disclosed a $6.3 billion security vulnerability caused by a hacker attack on an operations engineer's laptop.

Bitwise's CEO stated on the X platform that the security of client assets in Bitwise's managed vaults, private funds, and ETFs is paramount, and the team will continue to monitor the situation on Binance. He noted that while the spot and lending markets have experienced short-term volatility, Binance has received industry support; cybersecurity is a crucial issue for all companies this year and in the future.

After a three-month hiatus, a major whale shorted 620.71 Bitcoins with 40x leverage and 22,050 ETH with 25x leverage, for a total short value of approximately $96.33 million. Currently, it has a floating profit of $2.75 million, a profit of $2.69 million over the past 30 days, and a cumulative profit of $1.16 million.

OKX CEO Star Xu stated that the Binance hack should serve as a warning to the industry, and called on CEOs of all exchanges to jointly develop stricter shared security standards, emphasizing that security is a shared responsibility and no company can protect the future of cryptocurrencies alone.