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Binance hot wallet hack

Story timeline · 9 updates, 29 Oct 2026

On-chain data showed abnormal outflows from a Binance hot wallet to addresses funded from Tornado Cash, with assets worth more than $2.5bn. Tether and Circle froze stablecoins linked to the hack, and Aave froze a lending market tied to the stolen crypto. An address flagged as 'Binance Hot Wallet Exploiter 3' deposited…

Every update, oldest first

  1. Binance hot wallet suspected of losing more than $2.5bn in assets

    On-chain data indicates abnormal outflows from a Binance hot wallet to newly created addresses initially funded from Tornado Cash, with the assets involved worth more than $2.5bn.

    AltcoinsOdailyAIBearish

  2. Tether freezes $971m in USDT in suspected Binance hack

    Tether has frozen $971m in USDT linked to a suspected hack of Binance, according to on-chain reports.

    StablecoinsOdailyAIBearish

  3. Circle freezes $823m in USDC amid suspected Binance hack

    Circle has frozen $823m in USDC in connection with a suspected hack at Binance, on-chain reports say.

    StablecoinsOdailyAIBearish

  4. CZ says Binance user funds are safe as about $1.79bn in stablecoins is frozen

    CZ said user funds are safe and that the incident looks like a hack targeting Binance, thanking Tether and Circle for quickly freezing about $971m and $823m respectively. He no longer manages Binance.com but, as a shareholder, expects all user funds to be fully covered.

    StablecoinsOdailyAIBearish

  5. Tether has frozen more than 1.567bn USDT

    Tether has frozen more than 1.567bn USDT, Bloomberg reported.

    StablecoinsOdailyAIBearish

  6. Arkham links suspected Binance hacker to 50 wallets holding $5.61bn

    Arkham says a hacker suspected of stealing billions of dollars in an overnight attack on Binance holds about $5.61bn across 50 wallets, led by about $1.57bn in USDT, $1.45bn in BTC and $879m in ETH. Tether has said it froze more than 1.567bn USDT tied to the hack.

    StablecoinsCoinNessAIBearish

  7. Binance says technical error is blocking some withdrawals

    Binance said some users hit crypto withdrawal problems because of a technical error and its team is working to restore the service, adding that user funds are safe. On-chain data suggested outflows of up to $5.6bn after its hot wallet was suspected of being attacked.

    AltcoinsPANewsAIBearish

  8. Aave freezes lending market linked to stolen crypto tied to Binance

    Aave said it urgently froze the relevant lending market to block attempts to borrow again using cryptocurrency leaked from Binance as collateral.

    AltcoinsCoinNessAIBearish

  9. Address linked to suspected Binance hack borrows 19,762 ETH from Aave

    Phylax Systems' Odysseus says an address tied to a suspected Binance hot wallet hack deposited about $60m in USDT into Aave and borrowed 19,762 ETH, worth about $44.7m. Etherscan has flagged the address as "Binance Hot Wallet Exploiter 3".

    EthereumPANewsAIBearish

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.