NewsSignals AI analysis·Cointelegraph·Nov 2, 2026

Binance hackers begin swapping stolen Solana tokens for Bitcoin: Chainalysis

Grade Sbearish AI signal$BTC$SOL$ETH

Hackers behind Binance’s $6.3 billion theft have begun swapping stolen Solana tokens for Bitcoin, expanding their laundering activity after largely emptying temporary holding wallets on Tron. Lookonchain reported that 486,970 SOL worth about $46.4 million was moved for conversion through Relay, while investigators estimate attackers still control roughly $3.5 billion in stolen assets. The continued movement of stolen funds could intensify selling pressure on affected tokens and raise security concerns across crypto markets.

Bullish strength: 30/100

Swapping stolen SOL for BTC creates demand for Bitcoin during the conversion process.
Binance has pledged to cover the losses and is working with authorities to recover stolen assets.

Bearish strength: 70/100

The $6.3 billion theft represents a major security breach.
Hackers are converting stolen SOL into BTC, extending the laundering activity.
Investigators estimate attackers still control about $3.5 billion in stolen assets.
Authorities have urged crypto services to block transactions linked to the stolen funds.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

Read the original source ↗

← Browse more news analysis

Trade on MEXC

More recent source-attributed AI analysis in crypto.

US Fintech Weekly: Fiserv Bounces Post-Earnings, Crypto Brokers Suffer, And Federal Agencies Prepare Innovation Guidelines

Fiserv shares surged nearly 13% after earnings, while crypto-linked stocks Robinhood and Coinbase headed for a sixth consecutive weekly decline amid Bitcoin weakness and growing regulatory uncertainty. Fiserv benefited from an earnings beat and a new $500 million share buyback authorization, while six federal agencies are preparing fintech innovation guidelines ahead of a November 15 deadline. Stronger regulatory oversight under Democratic congressional control could pressure crypto platforms, although continued institutional integration may limit the sector's downside.

Crypto ally French Hill wins reelection but set to lose House chair

Crypto-friendly Republican French Hill won reelection in Arkansas but is expected to lose his House Financial Services Committee chairmanship after Democrats gained control of the House. Hill sponsored the CLARITY Act and supported the GENIUS Act, while Democrat Maxine Waters is the leading contender to replace him as chair; crypto-backed PACs spent more than $176 million during the election cycle. The leadership change could increase regulatory scrutiny and create uncertainty around the future of US crypto legislation.

Solana: Samsung Wallet adds USDC through its Stablecoin Account - 05 Nov 2026

Samsung Wallet has launched USDC support on Solana, bringing stablecoin payments to 82 million compatible Galaxy devices. Eligible U.S. users can now buy, hold, send and receive USDC directly through Samsung Wallet's Stablecoin Account. The integration could accelerate USDC adoption and increase Solana network activity, potentially benefiting SOL through greater ecosystem usage.

Lido DAO: EarnETH and EarnUSD gain dual-layer loss protection - 05 Nov 2026

Lido DAO has introduced dual-layer loss protection for its EarnETH and EarnUSD products, adding a second layer of capital protection for depositors. Firelight provides the first layer, followed by Lido DAO, which is committing an initial $5 million in shares to back eligible losses. The additional protection could improve depositor confidence and strengthen adoption of Lido's Earn products, although coverage remains subject to limits and conditions.