COINTELEGRAPH · 2026-10-29 21:24 UTC

Binance investigates potential multibillion-dollar hack

Binance is investigating a potential multibillion-dollar security breach involving an Ethereum wallet after suspicious transfers led Tether and Circle to freeze approximately $1.8 billion in assets combined. Binance co-founder Changpeng Zhao said the activity appeared to be a hack, with Tether freezing $971 million and Circle freezing $823 million, though Binance has not confirmed impact on user funds. Blockchain researcher Spreek reported that assets from a Binance-linked wallet were transferred through a contract call allegedly funded by Tornado Cash, with connected wallets subsequently…

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