Binance probes suspected theft of up to $5.7 billion
Original title: World’s Largest Crypto Exchange Binance Hacked, Over $5.7 Billion Reportedly Stolen
Binance has not confirmed the loss, says user funds are safe, and issuers froze about $2.38 billion in stablecoins.
Binance suspended deposits and withdrawals on October 30, 2026, while investigating large transfers from wallets linked to the exchange. Early reports cited about $1.45 billion in Bitcoin and $875 million in Ether across Bitcoin, Ethereum, and TRON, with estimates from $1.7 billion to $5.7 billion. The exchange said it will cover losses and is freezing funds with law enforcement. No entry point or attacker has been identified.
Unconfirmed: Binance has not confirmed the stolen total, which transfers belong to an attack, or the entry point.
- Axios placed the suspected theft between $1.7 billion and $5.7 billion.
- Tether froze nearly $1.57 billion and Circle froze more than $800 million.
- Binance reported $2.54 billion in verified frozen assets, tracing ongoing.
- Yi He said Ripple froze roughly $200 million.
- Reporting puts Binance’s SAFU reserve at roughly $1 billion in Bitcoin.
Impact: Suspected theft of billions from exchange-linked crypto wallets
- 1.Follow Binance official updates rather than circulating loss estimates
- Victims
- Binance
From the original article
3 min read at cybersecuritynews.com
Binance, the world’s largest cryptocurrency exchange, has suspended deposits and withdrawals while investigating a suspected security breach involving billions of dollars in digital assets. Reports suggest that around $5. 7 billion may have left wallets linked to the exchange, although Binance has not confirmed the total stolen or established that every flagged transfer belongs to the […]
By Guru Baran · cybersecuritynews.com
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