ICO Drops - ICO News & Alerts

DOJ targets assets stolen from Binance

The DOJ says U.S. government and private-sector efforts have frozen more than $2.7B linked to the Binance theft.

Courts have authorized seizure or restraint of more than $1.2B of that amount. It is included within the frozen pool, not an additional sum.

Tracing and forfeiture efforts continue; court approval does not confirm repayment to users.

https://www.justice.gov/opa/pr/justice-department-announces-actions-disrupt-north-koreas-massive-theft-cryptocurrency

Longs dominate $1.23B in 24h liquidations

CoinGlass reports $1.09B in long liquidations (88.4%) and $143.39M in shorts over the rolling 24h window. It lists 150,873 liquidated traders.

Largest observed order: $31.09M BTC-USD long on Hyperliquid.

Snapshot: Nov 13, 03:27 UTC / 12:27 JST. Includes all instruments tracked by CoinGlass. Figures are rounded; overlapping periods must not be added.

https://www.coinglass.com/liquidations

Binance says affected assets are replenished

Binance reports completing reserve replenishment after its security incident, committing more than $6.34B through SAFU, surplus Futures insurance funds and its treasury.

Its new snapshot covers 198 tokens as of Nov 12, 00:00 UTC. At the announcement, full ZK proof generation was estimated at 40–50 hours.

Binance also plans to restore SAFU to about $1B. Withdrawals continue reopening in phases. Reserve replacement does not establish recovery of stolen funds.

https://www.binance.com/en/square/post/387527915862393