UPDATE: Binance freezes $2.54 billion following multibillion-dollar breach
CIE News ·
Update to Binance faces reported multi-billion dollar hack as BNB falls 6%
Based on reporting by Cointelegraph; not yet independently confirmed.
Binance reported freezing $2.54 billion in assets after a multibillion-dollar hack, warning that more funds could be frozen as tracking continues.
Binance reported that $2.54 billion in assets have been frozen following a suspected multibillion-dollar breach, as previously reported during an ongoing market decline. The exchange stated that additional asset freezes are possible while investigators continue tracing stolen funds. According to Cointelegraph on October 29, 2026, Binance is investigating a potential security incident involving an Ethereum wallet with potential losses estimated as high as $5.8 billion.
Key facts
- $2.54B in assets frozen
- Losses estimated up to $5.8B
- Binance Ethereum wallet breach
- Further freezes possible
Read the original at Cointelegraph