Binance2026-10-30 00:24:56CoinDesk says hacked Binance wallet was part of proof-of-reserves holdingsCoinDesk reported that its review of Binance’s own proof-of-reserves data indicates the wallet emptied in the recent attack was one of the exchange’s reserve wallets used to show that customer assets were backed 1:1. In Binance’s Oct. 1 reserve report, the compromised hot wallet labeled “Binance 14” held about 1.26 billion USDT and 89,475 ETH across 37 assets. According to the report, Binance’s ETH reserve ratio stood at exactly 100% on Oct. 1, while its USDC reserve ratio was 108.26%. With roughly 204,500 ETH stolen, CoinDesk said the loss represented about 5.6% of Binance’s ETH reserves, implying the ETH reserve ratio may have fallen to around 94%. The report also said stolen ENA, UNI, PEPE and AAVE accounted for roughly 7% to 15% of Binance’s holdings in those assets, and that USDC and some altcoin reserve ratios may also have dropped below 100%. Binance and co-CEO He Yi said user funds remain safe and customer balances will be fully honored. CoinDesk added that Binance’s next reserve snapshot is scheduled for Nov. 1, which may show whether the exchange has replenished the stolen assets. Binance had not responded to CoinDesk’s request for comment at the time of the report.20
Binance2026-10-29 23:10:15On-chain data shows Binance hot wallet transfers continue, topping $6.26 billionOn-chain data indicates that funds are still moving out of a Binance hot wallet, with roughly $6.26 billion in assets transferred from Binance-controlled wallets to addresses controlled by the attacker. The outflows span nine blockchains, pointing to a broad multi-chain impact rather than activity limited to a single network. The chains named in the data are Ethereum, Bitcoin, Tron, XRP, Solana, Arbitrum, Avalanche, Optimism, and Base. The update was published by Odaily as a headline newsflash and did not include additional details beyond the transfer size, destination control, and the list of affected chains. No image was provided in the source entry.00
Binance2026-10-29 22:32:04Monitoring report says Binance is still routing new deposits to a compromised hot walletOdaily reported, citing monitoring by Bitcoin News, that Binance is allegedly still using an automatic deposit-sweeping function that moves newly deposited user funds into a hot wallet that has already been compromised. According to the monitoring note, the attacker is said to keep transferring funds out of that wallet whenever new deposits arrive, creating potential risk for user deposits. The alert accompanying the report advised users to avoid making deposits until the issue is resolved. The report did not provide additional details beyond the monitoring claim and warning. As presented by Odaily, the key concern is that fresh incoming funds may continue to be exposed if they are automatically consolidated into the affected wallet before the incident is addressed.00
Binance2026-10-29 22:29:42Binance halts withdrawals as He Yi says Ripple and WLFI helped freeze related assetsBinance has suspended withdrawals while it checks whether the operating environment is safe, according to an Odaily newsflash citing comments from He Yi. She said the Ripple team had quickly frozen about 200 million in related assets, though the specific token was not disclosed. He Yi also said the World Liberty Financial team froze $27 million in USD1 and 48 million WLFI, worth about $2 million. Binance said user funds remain SAFU and that withdrawals will stay paused until security conditions are confirmed. The update came after Binance’s hot wallet was suspected of being attacked. On-chain data showed that the outflow of related assets may have reached $5.6 billion. The report did not provide more detail on the exact assets involved in the larger figure.00
Binance2026-10-29 22:22:03Binance says withdrawals will resume after security issue is fully resolvedBinance said in a post on X that its team is carrying out a security review and that withdrawals will resume only after the security issue is fully resolved. The exchange said user funds remain safe and that it will continue to provide updates. Earlier, Binance had said some users were unable to withdraw because of a technical error and that recovery work was underway. Separately, on-chain data indicated that Binance’s hot wallet may have been attacked, with related asset outflows possibly reaching $5.6 billion. The company’s latest statement did not provide a timeline for restoring withdrawals, but it said updates would follow as the situation develops.20
Binance2026-10-29 22:26:02Address linked to Binance hot wallet incident borrows 19,762 ETH from AaveOdysseus monitoring data shows that an address tagged as "Binance Hot Wallet Exploiter 3," which is linked to a suspected Binance hot wallet theft incident, deposited about 60 million USDT into Aave and borrowed 19,762 ETH worth roughly $44.7 million. The address began approving and depositing USDT into Aave V3 at 04:57 Beijing time on Oct. 30, then borrowed ETH in two transactions. It later transferred a total of 23,314.5 ETH to another address associated with the theft. The update was reported by Odaily.60
Binance2026-10-29 21:34:43Binance hot wallet sees abnormal outflows as Tether and Circle freeze more than $2.3 billion in stablecoinsA Binance hot wallet labeled "Binance 14" recorded a large abnormal transfer early on Oct. 30 Taipei time, moving 167,464 ETH and 63 tokens, including about 1.615 billion USDT, to another address. Binance founder Changpeng Zhao said on X that it "does look like a hack on Binance," while also saying user funds were safe. Binance itself stopped short of confirming a hack and said it was still investigating. Stablecoin issuers moved quickly. Tether CEO Paolo Ardoino said the company froze more than 1.567 billion USDT tied to what he described as a potential Binance exchange hack incident. Circle CEO Jeremy Allaire said Circle had worked with law enforcement to freeze more than $800 million in USDC linked to the event. Together, the frozen amount exceeded $2.3 billion. On-chain researchers said the wallet was drained shortly after a signed EIP-7702 delegation authorization was installed. Separate estimates cited in the report put the outflows from Binance wallets at roughly $2.5 billion for wallet 14 alone, and about $5.8 billion in total, though Binance had not confirmed losses as of 05:32 Taipei time.10
Binance2026-10-29 21:51:24Binance says some crypto withdrawals were disrupted by a technical issueBinance said in a post on X that it had identified a cryptocurrency withdrawal problem affecting some users because of a technical error. The exchange said its technical team is working to restore withdrawals to normal and will provide another update once services are fully recovered. Binance also said user funds remain safe. The update came after earlier concerns around a suspected attack involving a Binance hot wallet. According to on-chain data cited in the report, related asset outflows may have reached as much as $5.6 billion. Binance had previously said user funds were fully secure and that it was still investigating a potential security issue. The company did not provide a timeline for full restoration in the statement cited by PANews.00
