CNA · 2026-10-30 01:45 UTC

Binance's possible hack triggers $3 billion freeze in crypto assets

Binance froze $3 billion in crypto assets after investigating a potential security breach, with co-founder Yi He stating the exchange will cover all hacking losses. Bitcoin dropped 2% to $77,646 and ether fell 2% to $2,238.76; BNB token fell over 8% as stablecoin issuers Circle and Tether froze related assets totaling $2.37 billion. Chainalysis called it potentially the largest-ever crypto heist; Binance said the frozen amount could increase as it works with law enforcement and industry partners to trace additional stolen assets.

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