Binance recovery, US crypto bill talks, Bitcoin ETF exits | Weekly recap

In this week’s edition of the weekly recap, Binance explained how attackers stole $6.34 billion, Democrats discussed a different approach to U.S. crypto regulation, and Bitcoin funds returned to outflows. The Nov. 1–7 news cycle also brought progress on retirement-plan rules, a proposed tZERO listing and blockchain upgrades. Summary Binance traced its breach to compromised employee devices and said customer losses would be covered. Democrats discussed expanding SEC oversight and reviving investor protections in a crypto market structure proposal. U.S. spot Bitcoin ETFs recorded $430.2 million in net withdrawals during the Nov. 5 session. A Labor Department rule covering alternative retirement investments reached the White House for final review. tZERO announced a proposed SPAC merger carrying a $350 million pre-money equity valuation. Binance explains its $6.34 billion breach Binance’s Nov. 3 incident report traced the attack through fake recruitment interviews, compromised developer software and an internal AI tool. Stolen deployment credentials eventually gave attackers access to wallet signing operations during the Oct. 29 theft. Bitcoin withdrawals reopened on Nov. 1 as the exc...