Breaking: Binance potentially hacked for $2.77 billion

FXStreetOct 29, 2026 9:38 PM

View all comments（0）



Binance was likely hacked for $2.77 billion on Thursday.
On-chain data shows that $2.77 billion moved across five blockchains from addresses labeled as Binance hot wallets to unconfirmed wallets.
Binance founder and former CEO Changpeng Zhao said that the exchange had likely suffered a hack, but maintained that user funds are safe.

Crypto exchange Binance may have suffered a $2.77 billion hack on Thursday after on-chain data showed funds leaving the exchange's hot wallets across five blockchain networks to unconfirmed addresses.

Binance founder and former CEO Changpeng Zhao noted in an X post that it is likely a hack, but maintained that user funds are safe. Stablecoin issuers Tether and Circle froze $971 million and $873 million worth of stablecoins following the move.

Binance's official X handle also made a similar comment.

"Our teams are aware of reports of a potential security issue and are actively investigating," Binance wrote. "Our security teams are reviewing all relevant information with urgency, and we will provide updates through official Binance channels as soon as we have verified information. Users should remain cautious of scams and should not trust unofficial links, messages, or requests for account information."

The crypto market is declining following the update, with Bitcoin (BTC) and Ethereum (ETH) dropping below $80,000 and $2,300, respectively. The move triggered roughly $600 million in liquidations within 1 hour, according to Coinglass data.

(This is a developing story and will be updated as new information comes to light.)

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Apple Earnings Preview: Can iPhone Offset Memory Cost Pressures? Wall Street's Highest Target Hits $400

TradingKey - Apple (AAPL) will report its fourth-quarter fiscal 2026 financial results after the US market close on November 2, Eastern Time, and host an earnings call at 5:00 p.m. ET. This is not only a critical window for the market to evaluate iPhone demand and profit margins, but also marks the first time John Ternus will host Apple's earnings call after taking over as chief executive officer.

WTI Crude Pulls Back From Highs Near $100 as US and Iran Plan Talks, Risking 20% Correction

WTI crude oil plunged nearly 2% as the U.S. and Iran plan to resume negotiations to ease geopolitical tensions, with technicals pointing to a potential deep correction of 20%.

Today’s Market Recap: Three Major US Indexes Plunge, Philadelphia Semiconductor Index Tumbles Over 7%, Oil Falls, Gold and Silver Advance

As the U.S. midterm elections approach, the three major U.S. stock indexes and the Philadelphia Semiconductor Index collectively suffered a sharp decline.

KOSPI Drops Over 1%, Kioxia Plunges 12%, Samsung Electronics and SoftBank Fall 3%

As the US midterm elections enter the final countdown, Japanese and South Korean stock markets opened lower on risk aversion, with Samsung falling below the 220,000 mark and Kioxia tumbling 12%, while the market remains in wait-and-see mode for a post-election rebound.

The Week Ahead: US Midterm Elections and October Nonfarm Payrolls Arrive as Earnings From Apple, Palantir, AMD Take Center Stage

TradingKey - For the week of November 2 to 6, Eastern Time, the US stock market will see the 2026 US midterm elections and the October non-farm payrolls report.

Featured Tools