BIZINSIDER · 2026-10-30 02:19 UTC

Binance and Polymarket are investigating potential hacks. The former says it's frozen around $3 billion

Binance is investigating a potential security breach and has frozen approximately $3 billion in funds; the company says it will cover all losses and has suspended deposits and withdrawals. Binance founder Changpeng Zhao confirmed a hack occurred; Tether froze $1.5 billion and Circle froze $800 million in related funds. Polymarket also reported a security incident involving unauthorized withdrawals traced to a compromised third-party provider called DebugBear; the company will reimburse affected users.

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