Binance: Security incident
An on-chain tally puts the suspected Binance drain at $5.57 billion across three blockchains, as Tether and Circle froze $1.8 billion.
StatusConfirmed
Reported loss$5.6B
ChainNot specified
Confidence80%
Evidence boundary
Confidence describes the coverage of the available evidence. It is not a safety rating and does not guarantee that a protocol or asset is safe.
Sources
- https://crypto-economy.com/binance-security-breach-tether-and-circle-freeze-1-8b-in-usdt-and-usdc/
- https://decrypt.co/382191/binance-suspected-hack-5-billion-tether-circle-freeze-crypto
- https://thedefiant.io/news/hacks/tether-freezes-971-million-usdt-in-wallet-linked-to-suspected-binance-drain
Record history
First seen: 2026-10-29T19:30:18.000Z. Last updated: 2026-10-30T22:56:17.816Z. Revision: 3.