Onchain analyst Specter reported that North Korean hackers moved about $38 million through Relay Protocol in seven hours, with transfers still ongoing at post time. Relay's Know Your Transaction monitoring failed to block them, Specter said, raising questions about Relay's compliance and risk controls.

ME News reported on Nov. 1 (UTC+8) that OnKey founder Yishi warned on X that using older iPhones as cryptocurrency cold wallets may pose security risks. The checkm8 vulnerability in the BootROM affects iPhone 4S through iPhone X. The usbliter8 vulnerability, disclosed in June, also affects iPhone XS, XR, the iPhone 11 series and the second-generation iPhone SE. These are low-level boot code flaws that cannot be patched through iOS updates. With physical access to a device, attackers can execute code over USB before iOS boots; airplane mode does not prevent such attacks. Yishi advised users not to store recovery phrases on iPhone 11 and earlier models. Users who have already done so should create entirely new recovery phrases in a trusted environment and migrate their assets, rather than simply changing wallet addresses under the original phrase. Users should also update their systems promptly, use stronger device and wallet passwords, avoid charging through public USB ports, and stay alert to physical attacks when devices are outside their control. Yishi previously recommended using iPhones as cold wallets on X, but only iPhone 17 or newer models. Source: ChainCatcher.

SOON announced on November 1 (UTC+8) that the SOON Foundation has suspended the cross-chain bridge between svmBNB and the SOON mainnet following abnormal withdrawal activity. According to the official statement, unusual withdrawals occurred around 19:00 on October 31 on the svmBNB-SOON mainnet bridge. The foundation detected the anomaly at 22:00 and immediately shut down the service. It has since secured the bridge and launched a full investigation. The bridge will remain offline during the probe, with further updates to be announced separately. (Source: ODAILY)

SOON said its foundation has suspended the cross-chain bridge between svmBNB and the SOON mainnet after abnormal withdrawal activity. The foundation detected the anomaly at 22:00 on October 31, about three hours after unusual withdrawals began around 19:00, and immediately shut down the service. The bridge has been secured, and an in-depth investigation is underway. It will remain suspended during the probe, with further updates to be announced separately.

SOON Foundation suspended the crosschain bridge between svmBNB and the SOON mainnet after unusual withdrawal activity began around 7 p.m. on Oct. 31. The foundation detected the anomaly at 10 p.m. and shut the service, saying the bridge is now secured while a full investigation continues. The bridge will stay suspended during the probe, with further updates to be announced separately.

ME News reported on Nov 1 (UTC+8) that The Kobeissi Letter said in a post on X that the Nasdaq 100 has shed about $4 trillion in market value over 25 days. AI stocks fell more than 13% in October; the S&P 500 excluding AI names gained 8% over the same period and closed at a record high on Friday. The S&P 500 now sits just 3.5% below its all-time high, but about 58% of its constituents are at least 20% below their own peaks. Three-quarters of technology stocks have entered bear-market territory, and 91% of information technology sector stocks are down at least 10% from their highs. The Kobeissi Letter argues the selling is concentrated mainly in technology-related shares, and with most investors heavily exposed to tech, many are feeling market pressure far worse than the major indexes imply. It added that record capital spending tied to the AI technology revolution and normal market corrections could set the stage for the next rally, and it expects significant volatility to persist in November. (Source: ODAILY)

The Kobeissi Letter said in a post on X that the Nasdaq 100 shed roughly $4 trillion in market value over 25 days. AI-related stocks fell more than 13% in October. The S&P 500 excluding AI stocks gained 8% over the same period and hit a record high on Friday. The S&P 500 itself is just 3.5% below its all-time high, yet about 58% of its components are at least 20% below their peaks. Some 75% of technology stocks are in bear-market territory, and 91% of information technology sector stocks are down at least 10% from their highs. The Kobeissi Letter said selling pressure is concentrated mainly in technology-related names. With most investors heavily exposed to tech, many are feeling market stress far worse than the major indices imply. It added that record capital spending tied to the AI technology revolution, together with normal market corrections, could set the stage for the next rally. It expects significant volatility to persist through November.

Troves, a DeFi strategy platform on Starknet, reported that its xWBTC/WBTC vault was exploited for roughly 8.6 BTC after an outdated rebalancing contract kept permissions following replacement. The team revoked the contract within about 40 minutes, stripped rebalancing permissions from its LST vaults and paused the xWBTC/WBTC, xSTRK/STRK and xstrkBTC/strkBTC vaults. No other vaults show impact. Troves is tracking the funds with security partners and will publish a postmortem for depositors.

The FBI has attributed the theft of more than $6 billion from Binance to North Korean state-backed hacking group TraderTraitor, the same crew behind the $1.5 billion Bybit breach. The agency said the hackers are converting stolen funds into ETH and expects further laundering through DeFi protocols and swap services.