SOL Daily Report: November 3, 2026 — Key News and Developmen
Over the past 24 hours, news from the Solana ecosystem included: the on-chain arbitrage bot King was hacked for approximately $786,000, with historical cumulative PnL of about $7.2 million; DeFi Development Corp added 5,336 SOL, bringing its total holdings to 2.6 million; Solmate disclosed 1.26 million SOL in custody positions and said it has no Binance exposure. In the same period, Binance completed its latest proof of reserves after a security incident and resumed withdrawals, with plans to generate a new snapshot on November 4; Brazil's Mercado Bitcoin suspended withdrawals due to approximately $40 million in suspicious transfers and published the addresses involved; THORChain said its vault regained solvency after users returned 10 ETH.
November 03, 2026 SOL News Summary
- [11-02 18:14] Solana's long-standing arbitrage bot King, with cumulative PnL of $7.2 million, was hacked for approximately $786,000 (Odaily)
Odaily report: According to Onchain Lens monitoring, King, one of the longest-standing arbitrage bots on Solana, had cumulative PnL of $7.2 million and approximately $786,000 in assets stolen, including 4,260 WSOL, 191 SOL and $366,000 in stablecoins. The drain address is BHRayETPjvgg3BCr9H82V1D6NRwxu5v44JAaVuaod3jU, and the forwarding address is Ddmy5oM8xtTs1E
- [11-02 18:14] Solana's long-standing arbitrage bot King, with cumulative PnL of $7.2 million, was hacked for approximately $786,000 (Odaily)
Odaily report: According to Onchain Lens monitoring, King, one of the longest-standing arbitrage bots on Solana, had cumulative PnL of $7.2 million and approximately $786,000 in assets stolen, including 4,260 WSOL, 191 SOL and $366,000 in stablecoins. The drain address is BHRayETPjvgg3BCr9H82V1D6NRwxu5v44JAaVuaod3jU, and the forwarding address is Ddmy5oM8xtTs1E
- [11-02 18:06] Mercado Bitcoin Suspends Withdrawals After $40M in Suspcious Transfers (Bitcoinist)
TL;DR Brazil-based Mercado Bitcoin suspended deposits and withdrawals after suspicious transfers affected wallets across at least 10 blockchain networks. Security researchers estimate that more tha
- [11-02 18:06] Mercado Bitcoin Suspends Withdrawals After $40M in Suspcious Transfers (Bitcoinist)
TL;DR Brazil-based Mercado Bitcoin suspended deposits and withdrawals after suspicious transfers affected wallets across at least 10 blockchain networks. Security researchers estimate that more tha
- [11-02 12:48] Binance: Zero-knowledge proof for October 31 reserve snapshot generated, asset backfill progress at 95% (PANews)
PANews November 2 news: According to a Binance announcement, the zero-knowledge proof (ZK Proof) for its proof-of-reserves (PoR) snapshot taken at 00:00 (UTC) on October 31, 2026 has been generated. Users holding BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC can use Binance's PoR verification tool to verify whether their balances are backed by reserves of at least 1:1. Binance said that approximately 95% of the assets affected by this security incident have been backfilled, with the remaining approximately 5% being tokens outside the top ten with relatively [lower liquidity]
- [11-02 02:19] Key news from last night and this morning (November 1-November 2) (PANews)
Binance restores withdrawals on DOGE and Optimism networks. Binance posted on X that withdrawals have been restored on the DOGE network (DOGE) and OP (Optimism) network (ETH, USDT, USDC). So far, Binance has restored partial asset withdrawals across seven networks: BTC, Ethereum, BSC, XRP, Base, DOGE and Optimism, and said it will continue to restore more assets and networks in phases. Data: Binance net outflows of $1.263 billion in the past 24 hours. According to DefiLlama data, Binance in the past 24 hours
- [11-02 00:18] THORChain: User voluntarily returned 10 ETH, vault has regained solvency (PANews)
PANews November 2 news: THORChain posted that on October 31, a single-block reorg on Ethereum caused THORChain to erroneously pay out 10 ETH that had never actually been received. The automatic solvency check mechanism was triggered immediately, pausing ETH swaps. Within about two minutes, node operators further paused ETH transaction signing to prevent further fund outflows. As a precaution, nodes then paused transactions on all related chains so the core development team could investigate. Currently, the 10 ETH has been [returned] by the user
- [11-02 20:00] Solmate Discloses 1.26M SOL Custody Positions and Says It Has No Binance Exposure (NewsBTC)
TL;DR Solmate's October 30 disclosure identifies three custody providers. The company said it had no accounts or exposure to Binance. The statement addresses counterparty exposure, not SOL market ris
- [11-02 19:29] New Jersey Ends Coinbase Staking Ban After 3 Years: Which States Are Next? (BeInCrypto)
New Jersey’s securities regulator has scrapped its 2023 Coinbase staking order, wiping out a $5 million penalty and a ban that stopped residents from staking new funds on the exchange. Howeve
- [11-02 18:20] Solana on-chain arbitrage bot King hacked for approximately $786,000, historical cumulative profit of about $7.2 million (Wu Blockchain)
According to Onchain Lens monitoring, Solana on-chain arbitrage bot King was hacked for approximately $786,000 in assets, including about 4,260 WSOL, 191 SOL and approximately $366,000 worth of stablecoins. King is one of Solana's earlier arbitrage bots, with historical cumulative profit of about $7.2 million.
- [11-02 18:20] Solana on-chain arbitrage bot King hacked for approximately $786,000, historical cumulative profit of about $7.2 million (Wu Blockchain)
According to Onchain Lens monitoring, Solana on-chain arbitrage bot King was hacked for approximately $786,000 in assets, including about 4,260 WSOL, 191 SOL and approximately $366,000 worth of stablecoins. King is one of Solana's earlier arbitrage bots, with historical cumulative profit of about $7.2 million.
- [11-02 16:56] DeFi Development Corp adds 5,336 SOL, total holdings reach 2.6 million (Odaily)
Odaily report: Bitcoin Treasuries posted on X that DeFi Development Corp added 5,336 Solana, bringing its total holdings to 2.6 million SOL. CEO Joseph Onorati said tokenization will become an important driver of SOL's long-term development, and the company is continuing to increase its holdings accordingly.
- [11-02 16:52] Binance completes latest proof of reserves as it works to restore assets, withdrawals after record hack (The Block)
Binance users can now independently verify 1:1 backing for BTC, ETH, BNB, SOL, XRP and more as it replenishes 95% of assets lost in record hack.
- [11-02 16:52] Binance completes latest proof of reserves as it works to restore assets, withdrawals after record hack (The Block)
Binance users can now independently verify 1:1 backing for BTC, ETH, BNB, SOL, XRP and more as it replenishes 95% of assets lost in record hack.
- [11-02 15:48] Mercado Bitcoin publishes destination addresses involved in incident (Odaily)
Odaily report: Brazilian cryptocurrency exchange Mercado Bitcoin published the destination addresses for funds transferred out in connection with the incident, involving the EVM, BTC, SOL, XLM and TRON networks. The platform said the addresses were published solely for identification and tracking, and has not disclosed the scale of the assets involved or provided a timeline for restoring services.
- [11-02 15:47] Brazilian crypto exchange Mercado Bitcoin publishes addresses involved in security incident (PANews)
PANews November 2 news: Brazilian cryptocurrency exchange Mercado Bitcoin published the destination addresses for funds transferred out in connection with the incident, involving the EVM, BTC, SOL, XLM and TRON networks, and said the addresses were published solely for identification and tracking. The platform has not disclosed the scale of the assets involved or provided a timeline for restoring services.
- [11-02 15:47] Brazilian crypto exchange Mercado Bitcoin publishes addresses involved in security incident (PANews)
PANews November 2 news: Brazilian cryptocurrency exchange Mercado Bitcoin published the destination addresses for funds transferred out in connection with the incident, involving the EVM, BTC, SOL, XLM and TRON networks, and said the addresses were published solely for identification and tracking. The platform has not disclosed the scale of the assets involved or provided a timeline for restoring services.
- [11-02 14:57] Binance