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Related tickers and likely impact
BNB/USDT
▼ Likely negativeBNB
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Exchange tokens |
| Market cap | $97.5B |
| Close on 10/29/2026 | 698.46 |
| Change that session | -8.08% |
BTC/USDT
▼ Likely negativeBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/29/2026 | 77,991.89 |
| Change that session | -4.12% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Binance hack may involve private key 'misuse,' not theft: Blockaid CEO
Blockaid CEO Ido Ben-Natan preliminarily assesses that attackers may have manipulated Binance's transaction-signing infrastructure rather than stealing private keys, with similarities to the February 2025 Bybit hack. In Blockaid's onchain analysis, the attacker bundled 50 EIP-7702 authorizations into one transaction targeting Binance 14, delegating the affected account to an unverified sweeper contract. Binance has not confirmed the method used to steal over $2.5 billion in crypto, which is described as the largest crypto hack in history. Ben-Natan said the activity may have involved multiple compromised devices, though this is unconfirmed, and its sophistication resembles operations linked to North Korean attackers.
- Binance may have lost $5.7 billion in the largest hack in history
- Binance hack rattles crypto markets as BNB falls 7%, Bitcoin slides
Cryptocurrency markets fell sharply on Thursday after reports of a potential multibillion-dollar hack involving Binance wallets unsettled investors. BNB dropped 7.2% over 24 hours to about $702, while Bitcoin fell 3.1% to about $78,674 and Ether slid 4% to about $2,263. Blockaid identified approximately $3.3 billion in suspicious transfers, and Arkham Intelligence tracked about $5.84 billion in assets held by wallets labeled “binance-hacker-1029,” though neither figure is a confirmed theft amount. Binance said it was investigating and that user funds were “completely safe,” while Tether and Circle said they had frozen more than $2.3 billion in stablecoins linked to the incident.
- Binance Hacker Hunts for Exit Ramps as DeFi Exchanges Pause Markets
Wallets linked to Binance were drained of at least $5.5 billion, and the total is still rising. The funds were moved through the decentralized exchange Uniswap and the lending app Aave, swapping stablecoins that issuers can freeze for ETH, which has no issuer able to freeze it. Stablecoin issuers have frozen more than $2 billion in USDT and USDC, and Ripple has frozen about $200 million in RLUSD, according to Binance co-CEO Yi He. Even so, about 253,000 ETH, roughly $570 million, sat in two wallets with no outgoing transfers as of 22:07 UTC. Aave froze its V3 markets on Ethereum, Kamino paused borrowing in its SOL/BTC market as a precaution, and Binance said it was investigating the security incident but had not confirmed that user funds were affected.
- Circle, Tether freeze funds impacted by potential Binance 'security issue'
Circle and Tether froze roughly $1.8 billion in funds tied to a potential hack of Binance, the largest crypto exchange by daily trading volume. Binance has not confirmed an exploit but said it is investigating “a potential security issue” and that user funds are completely safe. Circle CEO Jeremy Allaire said more than 800 million in USD Coin was frozen, while Tether's CEO said the firm froze more than 1.5 billion of its stablecoin. Bitcoin fell more than 3% below $80,000, and Circle shares dropped about 5% in off-hours trading.
- Binance Drained of $5.5 Billion in Suspected Hack, Tether and Circle Freeze $1.8 Billion
At least $5.57 billion has left Binance-linked wallets on Ethereum, Bitcoin and Tron on Thursday, according to an on-chain tally, and Binance says it is investigating and has not confirmed any impact on user funds. If confirmed as a hack, it would be the largest crypto theft on record. Tether froze 975.1 million USDT and Circle froze 823 million USDC in the main receiving wallet, about $1.8 billion in total. The funds came from hot wallets: $3.51 billion on Ethereum, $1.44 billion in 18,270 Bitcoin and $630 million on Tron. Bitcoin fell below $79,000, BNB dropped about 7% and Monero rose about 6%.
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