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Chainalysis puts Binance hack loss at about $5.91bn

NewsFeeds update

Chainalysis estimates about $5.91bn was stolen in the Binance hack, nearly four times the 2025 Bybit loss. Binance says roughly $3bn has been verified as frozen.

AltcoinsOdailyAIBearish

Read the original on Odaily

The story so far: Binance hot wallet hack

About $5.7bn was stolen in the overnight Binance hack, with billions since frozen. Binance suspended withdrawals and is working with law enforcement and partners to trace and freeze more assets. It now says it will cover all losses and has paused deposits and withdrawals during security checks.

  1. He Yi says Binance investigating reports of potential security issue

    He Yi said on X that Binance has noted reports of a potential security problem and is actively investigating, with its security team urgently reviewing the information. She said verified updates will come through official Binance channels and warned users against scams and unofficial links.

    AltcoinsOdailyAIBearish

  2. Binance co-CEO He Yi says Ripple froze $200m tied to hack

    Binance co-CEO He Yi says the Ripple team quickly froze about $200m in funds tied to the Binance hack.

    AltcoinsCoinNessAIBearish

  3. Yi He says Ripple and WLFI helped freeze assets as Binance halts withdrawals

    Binance co-founder Yi He said Ripple froze about 200 million in related assets and World Liberty Financial froze $27m in USD1 and 48 million WLFI, worth about $2m. Binance has suspended withdrawals until conditions are confirmed safe, she said, adding that user funds are safe.

    AltcoinsPANewsAIBearish

  4. Binance hack of about $5.7bn may be largest crypto theft on record

    About $5.7bn in cryptocurrency was stolen in the overnight Binance hack, which if officially confirmed would be the largest crypto hack ever, surpassing the $1.5bn taken from Bybit last year and $625m from Ronin Network in 2022.

    AltcoinsCoinNessAIBearish

  5. Binance hack puts DeFi on alert as $5.5bn in stolen assets raises contagion risk

    A Binance hack has put DeFi on alert, with $5.5bn in stolen assets raising the risk of contagion.

    AltcoinsBloomingbitAIBearish

  6. Binance says it is working to trace and freeze more stolen assets

    Binance said it is working with law enforcement, asset issuers, blockchain intelligence firms and industry partners to trace and freeze more of the stolen assets, and expects the total frozen to rise.

    RegulationChainCatcherAIBearish

  7. Ripple says it is freezing RLUSD tied to suspected Binance attack

    Ripple stablecoin head Jack McDonald says Ripple is freezing affected RLUSD funds after reports of a possible attack on Binance in which the suspected attacker holds the token. Ripple says it is coordinating with relevant parties and is ready to assist the investigation.

    StablecoinsOdailyAIBearish

  8. Benson Sun says stolen Binance Bitcoin faces limited near-term selling pressure

    Benson Sun, a former FTX community partner, said about $2.5bn of the assets stolen in the Binance hack has been frozen, roughly half the losses, and the rest is mostly BTC and ETH. He said cashing out the stolen Bitcoin would be hard under exchange and on-chain monitoring, while ETH could face more selling pressure.

    BitcoinCoinNessAIBullish

  9. Chainalysis puts Binance hack loss at about $5.91bn

    Chainalysis estimates about $5.91bn was stolen in the Binance hack, nearly four times the 2025 Bybit loss. Binance says roughly $3bn has been verified as frozen.

    AltcoinsOdailyAIBearish

  10. Yi He says Binance is running security scans to protect user funds

    Binance co-founder Yi He thanked the community for its support and said the exchange is carrying out security scans to keep user funds safe, reiterating the SAFU commitment.

    AltcoinsOdailyAIBullish

  11. Binance says it will cover all losses from the incident and pauses deposits and withdrawals

    Binance said it will bear all losses from the incident and has temporarily suspended deposits and withdrawals as a precaution while it runs security checks, freezes funds and works with law enforcement, promising a full post-mortem once the investigation ends.

    BitcoinOdailyAIBearish

More Altcoins updates

  1. SlowMist CISO says Binance theft probe should focus on private-key leak and custom withdrawal tools

    AltcoinsOdailyAIBearish

  2. Yi He says Binance is running security scans to protect user funds

    AltcoinsOdailyAIBullish

  3. Coinbase's Brian Armstrong says he has offered Binance help after hack

    AltcoinsOdailyAIBearish

Every Altcoins update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.