CNA · 2026-10-30 01:45 UTC

Crypto platform Binance confirms major hack, more than US$2.5 billion froze

Binance confirmed a major hack with over US$2.5 billion in funds frozen; Chainalysis estimates approximately US$5.912 billion was stolen, nearly four times larger than the previous record cyberattack. The company posted contradictory messages saying user funds are safe while also committing to cover all losses; deposits and withdrawals were temporarily suspended for security checks. Bitcoin fell nearly 5%, Ethereum fell nearly 6%, and BNB tumbled nearly 10% on the news; Tether froze US$1.6 billion and Circle froze over US$800 million in stablecoins related to the hack.

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