Suspicious transfers from Binance hot wallets push suspected stolen funds to about $3.3 billion

Suspicious transfers from Binance hot wallets push suspected stolen funds to about $3.3 billion

N
News Editor
2026-10-29 20:57:06
Odaily reported that after Binance hot wallet "Binance 14" was suspected of losing about $2.5 billion in assets in a transfer at 04:24 Beijing time, the same initiating address launched another transaction at 04:41. In that second move, 780 million USDC was sent from "Binance: Hot Wallet 34" to the same receiving address. The two transfers together were valued at about $3.3 billion, based on the figures cited by Odaily. The report also said the receiving address later moved about 195,500 ETH to a new address. As of publication, Binance had not responded.

Odaily reported that after Binance hot wallet "Binance 14" was suspected of seeing about $2.5 billion in assets transferred out at 04:24 Beijing time, the same initiating address (0x7C86…5CA0) sent another transaction at 04:41.

Second transfer involved 780 million USDC

In the second transaction, 780 million USDC was moved from "Binance: Hot Wallet 34" to the same receiving address (0x5227…CB2f8c). Based on the figures cited by Odaily, the two transfers together amounted to about $3.3 billion.

Receiving address moved ETH onward

Odaily also said the receiving address had transferred about 195,500 ETH to a new address (0x8532…43D4). As of publication, Binance had not issued a response.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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