Crypto news. Royal judgement.
A cross-chain refund bug interrupts swaps, BTCPay investigates wallet drains, and Solana's funds finish a difficult week. We also check Korea's proposed tax delay, Monday's market rebound and two XRP Ledger changes still under review.
Before issuing a refund, establish that something arrived. I appreciate this sounds ambitious before breakfast.
THORChain says an Ethereum block reorganisation on 31 October caused a 10 ETH refund against a deposit its vault never received. The user returned the excess funds, restoring vault solvency. Its 1 November explanation says multiple swap routes remain halted while developers work on fixes.
BTCPay Server urged operators to shut down their instances after reports of unauthorised hot-wallet withdrawals. Reporting on 2 November says the investigation points to installations running 2.4.1 or older; the project reports no credible drains on the latest 2.4.7 release. The cause and total losses remain unconfirmed.
Farside's rounded daily table shows about $71.6 million of net outflows from US Solana ETFs over 26–30 October. All five sessions were negative. Bitwise's BSOL and Grayscale's GSOL accounted for most of the withdrawals; the figures describe fund flows, not the whole Solana economy.
An Income Tax Act amendment filed by South Korean lawmaker Choi Eun-seok on 27 October proposes delaying virtual-asset income taxation from January 2027 to January 2029. It also proposes a larger deduction and loss relief. The bill remains a proposal, not an enacted reprieve.
Bitcoin recovered towards $79,000 in Monday's Asian session, with CoinDesk reporting about $78,600 and a roughly 1% rise. Its report describes a third consecutive day of gains after last week's exchange-security shock. Those are dated market observations, not live quotes or evidence that confidence is fully restored.
Current development check: two XRP Ledger pull requests opened on 27 October remain under review. They propose tighter authorisation checks for liquidity-pool tokens and trust lines carrying existing balances. Open code proposals are not activated mainnet rules.
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