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 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
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