Morning Report | Ethereum rose 6.6% in the past 24 hours; Binance's theft began with a fake recruitment, and the method is similar to the Axie case

Compiled by: ChainCatcher

### Data from the Past 24 Hours

Bitcoin is currently priced at $80,504, up 3.9% in the past 24 hours, with a high of $81,196 and a low of $75,736. Ethereum is currently priced at $2,424.61, up 6.6% in the past 24 hours, with a high of $2,450.00 and a low of $2,226.44. The current Crypto Fear and Greed Index is at 35, indicating fear, up 8 points from the previous reading. The S&P 500 closed at 7,688.62 points on November 4, up 1.6%. The Nasdaq Composite closed at 25,736.51 points on November 4, up 1.4%. The Dow Jones Industrial Average closed at 53,356.12 points on November 4, up 3%.

### Important Events in the Past 24 Hours

**1. [Binance Hack Started with Fake Recruitment, Similar Tactics to Axie Case](https://www.chaincatcher.com/en/article/2301419)**

Binance's preliminary investigation report on the security incident released on October 29 shows that the attack began with a fake recruitment. In September, a Binance software engineer was contacted by someone impersonating a project director through a legitimate job platform, underwent a fake HR video interview and a fake CEO second interview, and was then asked to download a job code repository on their work computer, which contained a zero-day Trojan that bypassed endpoint protection. The attacker then used the compromised device and an internal AI tool to control the computers of two other wallet engineers, stealing deployment credentials, and ultimately executed a malicious script on October 29 to transfer approximately $6.3 billion. Binance stated that it has frozen or intercepted about $2.85 billion and compensated 98% of the affected assets. This method is almost identical to the March 2022 theft of the Axie Infinity sidechain Ronin cross-chain bridge. The Binance report also noted that 57 suspected cyberattacks related to North Korea have been detected and intercepted this year.

**2. [Approximately 3,600 Stolen Binance SOL Flow into HitBTC Hot Wallet](https://www.chaincatcher.com/en/article/2301421)**

According to monitoring by security firm Salus, approximately 3,600 stolen Binance SOL flowed into HitBTC's hot wallet on November 3 at 16:51 Beijing time after being transferred through automated scripts and a peeling chain model. Salus stated that HitBTC has previously appeared in the fund transfer paths of major crypto theft cases; hackers often use nested services such as instant exchange services, small exchanges, and over-the-counter trading desks to transfer stolen funds.

**3. [Binance Hacker Continues to Exchange SOL for BTC](https://www.chaincatcher.com/en/article/2301583)**

According to monitoring by Lookonchain, the Binance hacker is continuing to exchange SOL for BTC. They first dispersed SOL into multiple wallets and sold it for USDC; then transferred USDC to the Ethereum network via a cross-chain bridge and purchased ETH, finally exchanging ETH for BTC through THORChain.

### Meme Popularity Rankings

According to data from the meme token tracking and analysis platform GMGN, as of November 5, 08:00

The top five popular tokens in ETH over the past 24 hours are: cirBTC, WASTED, GTA6, DacityCoin, CTM

The top five popular tokens in Solana over the past 24 hours are: BTC, DJT, STONK, AMD, SLOP

The top five popular tokens in Base over the past 24 hours are: AXIS, AERO, ELSA, BOOTR, XDP

The top five popular tokens in BSC over the past 24 hours are: BNCB, TAMA, AGENTINE, GANG, Donkey

### What Are the Noteworthy Articles to Read in the Past 24 Hours?

**[Tencent Hunyuan Releases Hy4: Among the Strongest in Open Source, Tested in Four Practical Scenarios](https://www.chaincatcher.com/en/article/2301648)**

Tencent Hunyuan released the 770B open-source model Hy4: it supports visual understanding and Computer Use for the first time, leading in evaluations across financial, office, development, and research scenarios, and has been tested in four practical tasks.

**[Revenue of $13.4 Billion Sets Record, AMD Enters "Data Center Era," Is Su Ma Going to "Rescue the Market"?](https://www.chaincatcher.com/en/article/2301502)**

AMD's revenue for the third quarter was $13.377 billion, a year-on-year increase of 45%, with data center business revenue at $8.546 billion, a year-on-year increase of 97%; the guidance for the fourth quarter is approximately $17 billion, a year-on-year increase of about 66%. Su Zifeng stated that AI demand has not cooled down, and the slight decline in gross margin is due to supply chain costs in the early stages of mass production of complete cabinet products.

**[Why Is Agent Payment Stuck in a Vicious Cycle with Everyone Having Veto Power?](https://www.chaincatcher.com/en/article/2301478)**

Consumer-grade AI agents are booming, but the bank card payment system for B2C scenarios is not yet ready. Stripe wants to bypass Visa and Mastercard to create a new payment network, but every party holds veto power from agreements, wallets to checkout stages.

**[Bitcoin's "Election Effect": Political Catalyst or Coinciding with Halving Cycle?](https://www.chaincatcher.com/en/article/2301500)**

Since 1950, in 19 midterm elections in the United States, the S&P 500 has been higher one year after voting day; Bitcoin has gone through three complete cycles, and its price has also been higher one year later. However, this year, U.S. stocks are close to historical highs before the election, while Bitcoin is still recovering. IOSG believes that historical averages should not be directly applied.

**[Taiwan's Leading Financial Media Juheng Network Integrates RootData API, Launches Tokenized Stock Exchange Rankings and Related News](https://www.chaincatcher.com/en/article/2301661)**

Taiwan's leading financial media Juheng Network has officially integrated the RootData API, incorporating RootData's tokenized stock exchange rankings into its platform.