Binance said attackers gained access to a DevOps engineer's compromised laptop and used it to reach a service container, enabling them to submit unauthorized withdrawal transactions. Co-CEO Richard Teng said the attack was more complex than a single engineer's permissions being exploited, and the company has not attributed blame to any individual. Binance has suspended deposits and withdrawals, revoked authorizations for the affected address, and says it will cover losses via its SAFU fund and company reserves.
bleepingcomputer.com
· 2026-10-30
On-chain analysts tracing Binance's suspected October 29 hack found that an address funded via Tornado Cash submitted an EIP-7702 delegation for a Binance hot wallet about three minutes before outflows began. The first transaction moved 167,464 ETH and 63 token transfers including 1.615 billion USDT, with losses across Ethereum, Bitcoin and Tron later estimated at $5.57 billion and rising; Chainalysis put the figure at $5.912 billion on October 30. Binance co-founder Changpeng Zhao said it appears to be a hack, but the exchange has not confirmed the EIP-7702 detail, which comes from a single researcher's analysis.
techreport.com
· 2026-10-30
Binance disclosed a security incident affecting roughly $6.3bn of assets on its main platform, saying about half has since been frozen with help from other crypto firms. The exchange said early investigation points to a compromised engineer's laptop enabling unauthorised withdrawals, and it has suspended withdrawals while verifying the platform is secure. Binance.US said it was unaffected, and Binance pledged to cover all losses and release a full report once the probe concludes.
bbc.co.uk
· 2026-10-30
Binance confirmed it is investigating a security incident after users reported funds draining from its wallets, and has temporarily halted withdrawals across multiple networks as a precaution. Circle froze roughly $800 million and Tether froze about $1.56 billion in tokens tied to the incident, while crypto watchers estimate at least $2 billion—possibly as much as $5.7 billion—was drained from Binance's hot wallets. Binance says user funds remain safe but has not confirmed the total loss or identified any attacker.
techcrunch.com
· 2026-10-29
Binance said it is probing a potential security breach after more than $2 billion moved out of one of its wallets to an outside account, with Blockaid putting the figure closer to $3.3 billion. Founder Changpeng Zhao said the incident appears to be a hack but that user funds remain safe, crediting Tether and Circle for quickly freezing roughly $971 million and $823 million respectively.
slashdot.org
· 2026-10-29
Binance is probing a suspected security breach after reports that billions of dollars were moved from several of its hot wallets to a newly created Ethereum address. Tether and Circle have frozen more than $2.3 billion in USDT and USDC tied to the incident, while Binance says user funds remain safe and the matter is under active investigation.
bleepingcomputer.com
· 2026-10-29
The U.S. Treasury has fined Bank of America more than $1.2 billion for violating anti-money-laundering and sanctions laws, including failures to report financial crime. The penalty ranks as the Treasury's third-largest ever, behind fines levied against Binance and TD Bank. Bank of America's stock fell following the announcement.
fastcompany.com
· 2026-10-14
Jonathan Spalletta, aged 36, was found guilty of hacking the Uranium Finance decentralized exchange twice in April 2021, stealing over $53 million in cryptocurrency. He exploited smart contract flaws to drain liquidity pools and extorted the platform for a 'bug bounty' before laundering the stolen funds through mixers and exchanges. Authorities recovered luxury collectibles purchased with the stolen assets from his residence in 2025.
bleepingcomputer.com
· 2026-10-08
Binance is buying $100 million of Circle shares at $80.84 apiece as part of a five-year partnership to promote USDC on its exchange, with the stock subject to a lockup of up to two years. Circle will pay Binance a monthly incentive fee tied to USDC balances held on the platform, and Circle shares rose more than 1% in premarket trading following the announcement.
cnbc.com
· 2026-09-22
Binance is expanding its Capital Connect platform, previously reserved for institutions, to allow wealthy individuals meeting a $1 million asset threshold to invest in professional trading strategies. The platform runs on Binance's Portfolio Account system, which manages fees and risk metrics while trading teams handle strategy execution, similar to separately managed accounts in traditional finance. The platform has grown from 106 portfolios and 35 trading teams in May to 212 portfolios and 77 teams by September.
cnbc.com
· 2026-09-16
The Justice Department alleges that Hong Kong-based firms Hexa Whale and Blessed Trust used Binance to route roughly $1.5 billion in cryptocurrency tied to black-market Iranian oil sales to Chinese buyers, with proceeds ultimately reaching Iran's Islamic Revolutionary Guard Corps. Prosecutors filed a forfeiture complaint seeking to seize $61 million connected to the scheme, and some funds reportedly passed through the US financial system to obscure their origin. Binance confirmed the companies' involvement, removed them from its platform, and dismissed several internal investigators who flagged the transactions.
engadget.com
· 2026-09-15
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