Binance says it is investigating a potential security issue, with no confirmed impact on user funds

Binance says it is investigating a potential security issue, with no confirmed impact on user funds

N
News Editor
2026-10-29 21:20:50
Binance said in a post on X that it is actively investigating reports of a potential security issue and, at this stage, has not confirmed any impact on user funds. The exchange said its security team is urgently reviewing all relevant information and will share updates through official channels once details are verified. Binance also warned users to stay alert for scams and not to trust unofficial links, messages, or requests for account information. Earlier, on-chain data showed that large amounts of assets were transferred out of Binance hot wallets Binance 14 and Hot Wallet 34 in the early hours of the day, with the total amount reaching about $3.3 billion. The company’s statement did not confirm a connection between those transfers and the reported issue.

Binance said in a post on X that it has noticed reports about a potential security issue and is actively investigating the matter. So far, it has not confirmed any impact on user funds.

The exchange said its security team is urgently reviewing all relevant information and will publish updates through official channels after the details are verified.

Binance also warned users to watch for scams and not to trust unofficial links, messages, or requests for account information.

Earlier, on-chain data showed that large amounts of assets were transferred out of Binance hot wallets Binance 14 and Hot Wallet 34 in the early hours of the day, totaling about $3.3 billion.

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