NEAR Protocol Expert Outlines 3 Key Rules for Crypto Wallet Security Amid Binance Hack
Following a $6.3 billion Binance hack, NEAR Intents' Alex Shevchenko emphasizes critical wallet security measures.
Following a $6.3 billion Binance hack, NEAR Intents' Alex Shevchenko emphasizes critical wallet security measures. TRON (TRX) is trading at ₹30.38 ($0.3201), up 0.4% since this brief published. This is an original Token Times brief synthesising 2 outlets (Crypto Economy, Unchained), with their figures cross-checked, plus live market data, as of Tue, 03 Nov 2026 02:00:01 UTC.
The incident highlights the urgent need for improved wallet security protocols to prevent the laundering of stolen funds and protect the integrity of the crypto ecosystem.
- Binance hack resulted in $6.3 billion in losses, with $3.5 billion still under attacker control.
- NEAR's Alex Shevchenko proposes three rules to enhance wallet security and prevent fund laundering.
- Tron network was used to launder $242 million within 48 hours of the attack.
Both Crypto Economy and U.Today report that the Binance hack resulted in $6.3 billion in losses, with $3.5 billion remaining under attacker control after emergency protocol freezes. They agree that Tron network was used to launder $242 million in the first 48 hours. However, U.Today specifically attributes the three critical wallet security rules to NEAR Intents' Alex Shevchenko, while Crypto Economy focuses more on the hack's impact and the ongoing situation with the stolen funds.
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- NEAR Protocol Expert Outlines 3 Key Rules for Crypto Wallet Security Amid Binance Hack — this brief
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In late October 2026, a significant security incident on the Binance platform led to an estimated loss of $6.3 billion, as reported by multiple outlets. The cyber group TraderTraitor was responsible for the attack and managed to channel $242 million through the Tron network within the first 48 hours. Despite emergency freezes implemented across various protocols, approximately $3.5 billion remains under the attackers' control.
In response to the incident, Alex Shevchenko, a representative from NEAR Intents, has outlined three critical rules that crypto wallets must follow to enhance security and prevent the laundering of stolen funds. These rules are intended to address the vulnerabilities exposed by the Binance hack and to strengthen the overall security of the crypto ecosystem.
The incident has drawn attention to the challenges of securing digital assets and the need for more robust security measures. The Tron network's role in the laundering of $242 million underscores the importance of monitoring and regulating the flow of funds across different blockchain networks.
The broader crypto market has been impacted by the incident, with the total market cap currently at $2.64 trillion and showing a general downward trend. 
Bitcoin has experienced a 24-hour decline of 1.51%, contributing to a market environment characterized by fear, as indicated by a Fear & Greed index of 37.
The 
NEAR Protocol (NEAR) has also been affected, with its price dropping by 9.74% in the last 24 hours and 13.24% over the past week, resulting in a market cap of $5.06 billion. In contrast, the Tron (TRX) price has increased by 1.94% in the last 24 hours but is down 3.21% over the week, with a market cap of $30.3 billion.
Since this brief published about 4 hours ago, TRON (TRX) has moved from ₹30.27$0.3188 to ₹30.38$0.3201 — +0.38%.
The chart plots TRX's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 TRX ≈ ₹33.45 (about $0.3201), up 2.1% over 24 hours. The rupee itself trades about 10.1% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
1 key figure independently matched across 2 outlets reporting this story.
Token Times extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Figures and sectors in this story, checked live against on-chain aggregators · November 2, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
NEAR Protocol Expert Outlines 3 Key Rules for Crypto Wallet — questions & answers
What are the three critical rules for crypto wallet security?
The specific rules have not been detailed in the coverage, but they are intended to prevent the laundering of stolen funds.
How much of the stolen funds are still under attacker control?
Approximately $3.5 billion remains under the attackers' control after emergency freezes were applied.
Which network was used to launder the stolen funds?
The Tron network was used to launder $242 million in the first 48 hours after the attack.
How much is 1 TRON worth in rupee today?
About ₹33.45 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $0.3201. The rupee price moves with both TRX's US-dollar price and the USDT/INR rate; use our TRON in rupee page for any amount.
Has TRON's price moved since this brief was published?
TRX is up 0.38% since this brief first published — trading at ₹30.38 ($0.3201) now versus ₹30.27 ($0.3188) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto Economy, Unchained, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.