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Brief

Crypto brief: November 3, 2026

November 3, 2026 is the day Binance published its own findings post, and the day Chainalysis stamped a freeze total. Binance’s blog puts the amount affected at $6.34 billion and the frozen or intercepted amount at about $2.85 billion, subject to reconciliation and price. Chainalysis, writing the same day, says about $2.8 billion was frozen as of 11:30 a.m. Eastern. Those are two firms’ numbers, not one blended figure. The desk special keeps the narrative. This brief keeps the dated lines.

Block’s shareholder letter reports third-quarter gross profit of $3.24 billion, up 22% from a year earlier, and names bitcoin and stablecoins in Cash App’s expansion without a bitcoin unit count. The Ethereum Foundation posted a short case for Ethereum as shared public infrastructure. Kraken fixed a bad display of estimated liquidation prices on perpetual futures. Coinbase opened a Sonic send delay that was still listed as investigating.

No figure below is taken from a later market snapshot. Bitcoin’s history and Ethereum’s history are the other internal links.

  1. Binance's findings post puts the bill at $6.34 billion

    Binance's November 3, 2026 community post says $6.34 billion was affected and about $2.85 billion was frozen or intercepted, subject to reconciliation and price. It times the container and script work from 17:15 to 19:56 UTC. Between 20:05 and 20:09 UTC, it says, 233.46 million XRP left five wallets, along with about 970,500 SOL, 44.2 million OP, and 18,270 BTC. The last unauthorized transfer it lists is 2,961.9 ETH, finalized at 23:56 UTC, with the delegation cleared at 00:10 UTC on October 30. The investigation was still open. The desk special carries the longer narrative.

    Source: Binance

  2. Chainalysis says about $2.8 billion was frozen by 11:30 a.m. Eastern

    Chainalysis's Binance page, in the passage dated November 3, 2026, says about $2.8 billion had been frozen as of 11:30 a.m. Eastern that day. The same passage says the attacker swapped $325 million of stablecoins for $285 million of ether over nearly 20 minutes to get ahead of freezes. Those swap amounts are Chainalysis's, and they are not combined here with Elliptic's November 1 freeze line of about $2.85 billion. Two firms, two timestamps, two figures.

    Source: Chainalysis

  3. Block's quarter: gross profit $3.24 billion, no bitcoin unit count

    Block, Inc.'s third-quarter 2026 shareholder letter, filed November 3, reports gross profit of $3.24 billion, up 22% from a year earlier. Cash App gross profit was $2.07 billion, up 27%. Square gross profit was $1.16 billion, up 14%. Operating income was $428 million. The letter names bitcoin and stablecoins as part of how Cash App expands, and it mentions externalizing lending through Cash App Score. The sentences used here do not state a bitcoin balance, so this item does not invent one.

    Source: SEC EDGAR

  4. Ethereum Foundation argues for shared public infrastructure

    The Ethereum Foundation blog on November 3, 2026 describes public services that have to check records across agencies and borders. The post says Ethereum is a different base for that work because no single organization controls the network and the software is open to inspect. It says institutions can verify records themselves and can choose how they reach the network, including through their own infrastructure. The post does not announce a government contract, a budget, or a mainnet change.

    Source: Ethereum Foundation

  5. Kraken Pro shows wrong estimated liquidation prices

    Kraken opened an incident at 18:40 UTC on November 3, 2026 and marked it resolved at 21:16 UTC. The notice said some clients might see incorrect estimated liquidation prices for perpetual futures positions on Kraken Pro, on web and mobile. It described a display problem. It did not say positions were liquidated at the wrong price, and it did not publish a loss figure. The resolved flag came from Kraken's status page the same evening.

    Source: Kraken Status

  6. Coinbase opens a Sonic send delay and leaves it open

    Coinbase opened a Sonic network incident at 06:21 Pacific on November 3, 2026, which is 14:21 UTC. The notice said some users may see delayed sends and receives. Buys, sells, and fiat deposits and withdrawals were unaffected, and the page said funds were safe. When this brief was prepared, the status API still listed the incident as investigating and had no resolved time. This item does not call the delay over.

    Source: Coinbase Status