Source publication time: November 6, 2026, at 08:29:48 UTC+8. This infrastructure-focused brief draws on Odaily’s roundup from that date; proposals and timelines below reflect the status reported then.
Binance: customer compensation and asset recovery are separate processes
Odaily reported that Binance would use its SAFU fund and corporate treasury to cover affected users’ losses following a reported $6.3 billion hack. Recovering frozen assets, however, remained subject to separate network governance and legal processes.
Arbitrum assets remained frozen
Binance submitted a draft constitutional improvement proposal to the Arbitrum forum seeking the return of 8,425.997 ETH and 74.56 million ARB frozen after its hot-wallet attack. At the time of the report, those assets remained in an intermediary frozen address on Arbitrum One and had not been returned to Binance.
Using November 5 CoinGecko prices, the source valued the ETH at approximately $19.6 million and the ARB at $11.7 million.
The proposed recovery required forum discussion, a Snapshot temperature check and a binding on-chain vote. Binance expected the process to take approximately seven weeks or longer.
According to Binance, recovered funds could offset incident-related losses and costs, including replenishing reserves used to compensate users. The proposal did not seek a new allocation from the Arbitrum DAO treasury.
The draft also included legal conditions: proceedings that prevented asset transfers would pause submission of the on-chain proposal and delivery of the assets. Binance would first need to sign indemnification agreements with the Arbitrum Foundation, Offchain Labs and Security Council members.
Polygon recovery required a proposed hard fork
Separately, Odaily, citing Cointelegraph, reported that Binance and Polymarket proposed a Polygon hard fork to recover approximately 70.49 million stolen POL, valued at about $6.8 million.
Of that total, 23.86 million POL involved Polymarket-related addresses and 46.63 million POL involved Binance-related addresses. The proposal would move the tokens from five attacker-controlled addresses into verified recovery wallets designated by the two platforms, without changing POL’s total supply.
Polygon block producers had already blocked transactions involving the affected addresses. The source described that restriction as temporary and insufficient to return the assets to their owners.
The recovery plan still required governance approval and testing on the Polygon Amoy testnet. The source listed discussion as expected on November 5; no mainnet hard-fork date had been set.
Banking checks did not establish banking-system exposure
Odaily, citing Reuters, reported that the Federal Reserve and the Office of the Comptroller of the Currency had contacted banks about unusual activity or service disruptions following the Binance attack.
People familiar with the matter said several U.S. banks were reviewing their cybersecurity systems, with one large bank preparing an internal report on whether safeguards needed upgrading. Binance said it was maintaining contact with regulators worldwide and providing updates.
The report stated that there was no evidence the U.S. banking system had been affected. The regulatory inquiries should therefore be distinguished from a finding of exposure or disruption.
Samsung Wallet’s USDC service uses a custody chain
The roundup also reported that Samsung Wallet had introduced a Solana-based USDC account for eligible U.S. Galaxy users, covering approximately 82 million compatible devices. New York residents were excluded.
Users could buy, hold, send and receive USDC without downloading a separate crypto app or managing private keys. The service was built by custody and infrastructure provider Bastion in cooperation with Coinbase, with Coinbase Prime Vault providing USDC subcustody to Bastion.
Samsung described the account as a crypto wallet, not a bank account. That distinction, alongside the Bastion–Coinbase custody arrangement, is central to understanding the product rather than treating its placement inside a familiar wallet app as evidence of bank-account status.
Tokenized gold and transfer controls
Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui, said an interbank tokenized-gold trading project would proceed through the Hong Kong Monetary Authority’s Project Ensemble, according to the roundup’s account of reporting by 21st Century Business Herald.
The proposed standard would link one gold token to one standard 400-ounce gold bar, using the Hong Kong gold reference price, HAU, as the pricing benchmark. Hong Kong also planned new arrangements for tokenized deposits to support the project.
Separately, Base said its Denim mainnet upgrade had introduced native 200-millisecond blocks, or five full blocks per second. Its updated B20 token standard would allow issuers to require transfer approval by designated parties, such as transfer agents, and to use the same address list as either an allowlist or a blocklist. Those are explicit issuer-control features, distinct from faster block production.