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.
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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 10/28/2026 | 759.85 |
| Change that session | +2.00% |
BTC/USDT
▼ Likely negativeBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/28/2026 | 81,343.50 |
| Change that session | +0.54% |
ETH/USDT
▼ Likely negativeEthereum
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $285.6B |
| Close on 10/28/2026 | 2,359.68 |
| Change that session | +0.40% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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