Core Network Recovers Stolen CORE Tokens Amid Market Developments
Written with artificial intelligence.
The Core network has successfully recovered approximately 68.1 million stolen CORE tokens following a hard fork, accounting for 70.2% of the affected tokens from an incident on October 31. Meanwhile, Bitcoin experienced a 42.7% increase in Q3 2026, driven predominantly by demand from spot ETFs.
Core Network Recovery Efforts
The b14g protocol announced that the Core network executed a hard fork to recover 68,146,177.22 CORE tokens, which represents 70.2% of the total 97,045,563 affected during the October 31 incident. This recovery was achieved through a one-time on-chain state adjustment, without rolling back transactions or altering the total supply of CORE tokens. However, the recovered tokens have not yet been redistributed to affected users, and there is currently no official claims process in place.
Bitcoin Market Insights
According to a report from 21shares, Bitcoin's value surged by 42.7% in the third quarter of 2026. This rise in demand was significantly influenced by U.S. spot Bitcoin ETFs, which added 79,800 BTC worth around $6.2 billion, nearly double the newly mined supply of 41,300 BTC during the same period. Conversely, purchases by Bitcoin reserve companies dropped dramatically from $7.1 billion in Q2 to approximately $1 billion in Q3.
Security Alerts and Developments
On another note, blockchain investigator ZachXBT reported that an EU entity appears to have lost over $106 million from multiple centralized exchange accounts due to hacking, with funds withdrawn in USDC and USDT. The hacker has been converting USDC to ETH and transferring the assets across various chains. Furthermore, Binance provided updates on their reserve proof, indicating that 95% of affected assets have been restored following a significant security breach.
Key Financial Moves
In the latest financial activities, Strategy purchased 811 BTC for approximately $65.5 million, while BitMine accumulated an additional 8,573 ETH, bringing its total holdings to over 6 million ETH. Meanwhile, LO:TECH secured $12 million in Series A funding, aiming to expand operations into New York and Singapore. These developments indicate ongoing investment and adaptation within the crypto market amid recent challenges.