CNA · 2026-10-30 00:47 UTC

Binance says $2.54 billion in assets frozen as it probes security incident

Binance froze $2.54 billion in crypto assets after investigating a potential security breach, with stablecoin issuers Circle and Tether freezing $800 million and $1.57 billion respectively. Binance co-founder Yi He said the exchange would cover all hacking losses, and the company suspended withdrawals and trading on its Alpha platform pending full resolution. Blockchain intelligence firm Arkham indicated billions appeared to have been hacked from Binance by an unknown actor, with the incident beginning around 4:30 p.m. EST.

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