Binance Hacked: Record Crypto Heist Shakes Market, BNB Price Reacts
Binance Hacked: Record Crypto Heist Shakes Market, BNB Price Reacts
Binance hacked news leads crypto news today, as billions left exchange wallets around 20:24 UTC on October 29, 2026 (01:54 AM IST, October 30), per on-chain data.
In an official X post at 01:36 UTC, the exchange said it will cover all losses, with deposits and withdrawals suspended during security checks.
Is Binance Hacked? What Is Confirmed
The exchange has not explained how the attack happened. It promised a full post-mortem.
Co-founder Changpeng Zhao wrote on X that the incident does look like a hack, and he expects customer funds to be fully covered.
Source: CZ Official Tweet
Binance Hacked How Much Money Stolen So Far?
The final figure is still being traced. The Chainalysis estimate is about $5.912 billion at the time of theft, while early trackers cited over $5.6 billion. Totals may change as investigators finish tracing stolen crypto.
If confirmed, it would be the largest crypto hack ever, far above the Bybit hack record of roughly $1.5 billion from February 2025.
In any Bybit hack comparison, Chainalysis calls the new loss nearly four times larger.
Binance Hacked $5.6 Billion: What Did Watcher.Guru Report?
Watcher.Guru also covered this news in its tweet on X at 21:42 UTC on October 29, sharing a preliminary Binance hack 5.6 billion breakdown. Figures are tracker estimates.
Asset | Reported Amount |
USDT | $1.57 billion |
BTC | $1.45 billion |
ETH | $875 million |
USDC | $823 million |
TRX | $234 million |
RLUSD, WBETH, XAUT and others | $661 million |
How Did the Binance Hot Wallet Unfold On-Chain?
On-chain data shows wallets that Etherscan labels as hot wallets sent billions to one new address. No hot wallet exploit method has been confirmed.
Arkham Intelligence tagged the receiving wallets under an Arkham hacker label, showing roughly $5.84 billion in holdings. That reflects balances, not a confirmed theft total, and on-chain tracking may change it.
What Did the Tether Circle Freeze Cover?
The Tether and Circle freeze targeted frozen stablecoins linked to the incident. Tether CEO Paolo Ardoino said in an X post at 21:25 UTC that Tether froze over 1.567 billion USDT. Circle CEO Jeremy Allaire said Circle froze more than 800 million USDC.
Binance frozen funds stood at a verified $2.54 billion in an earlier exchange post, and later updates cite about $3 billion. That figure may rise.
Binance Hacked BNB Price Today: What Does CoinGecko Show?
CoinGecko data as of 08:05 AM IST on October 30 shows BNB at $712.04, down 4.4% in 24 hours.
Metric | Value |
Price | $712.04 |
Market cap | $93.761B |
24h volume | $3.364B |
The chart shows BNB at $739.59 at 01:55 AM IST before a slide to a $682.36 low. CoinGecko gives no cause for this BNB price reaction, and no source ties the Binance, BNB price move to one trigger.
Is Binance Safe After Hack? What Users Should Know
Co-founder Yi He said on X that user funds are safe. Will Binance cover losses? The exchange says yes, and Binance withdrawals suspended today stay in place, per its latest post.
Binance hack news today may change quickly, so rely on official channels only.
Expert View: What Could Happen Next?
Analysts may watch a confirmed loss figure, how the Binance SAFU fund and balance sheet are used, and the date of the Binance post-mortem.
As a crypto exchange hack of record size, the Binance 2026 could test trust in exchange custody.
BNB may stay volatile until withdrawals reopen. Readers following crypto news should treat every figure as provisional.
Disclaimer: This article is for information only and is not financial advice. Crypto assets are volatile, and you can lose money. Verify details with official sources.
