According to data analytics platform Arkham, about 5.7 billion USD has been moved out of wallets linked to Binance. However, the exchange has not confirmed the scale of the losses or whether users' funds are affected.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Binance có thể đã mất 5,7 tỷ USD sau vụ hack lớn nhất lịch sử
Read the original on VnExpress ↗
Keywords
cryptoBinancebitcoincybersecurity
Open a keyword to see other news on the same topic.
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% |
ETH/USDT
▼ Likely negativeEthereum
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $285.6B |
| Close on 10/29/2026 | 2,253.13 |
| Change that session | -4.52% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- USD 5.6 billion leaves Binance wallets within minutes: World's largest crypto exchange suspected of hack, possibly the biggest theft in history
Shortly after midnight on October 30 (Vietnam time), billions of dollars in digital assets moved from Binance's hot wallets to unknown addresses, with on-chain estimates exceeding USD 5.6 billion, though figures vary widely between sources and no official confirmation has been issued. Etherscan data show the attacker exploited EIP-7702, an Ethereum feature that lets a regular wallet delegate control to a smart contract, to drain the Binance 14 wallet, and the source of the authorizing signature remains unclear. Binance said user funds are safe, temporarily suspended withdrawals on several networks and is investigating. Tether, Circle and Ripple froze funds, and Binance confirmed a verified total of USD 2.54 billion frozen, though ETH cannot be frozen. Binance's SAFU fund holds 15,000 BTC, about USD 1.19 billion, and in 2019 the exchange fully covered losses from roughly 7,000 BTC stolen from a hot wallet.
- 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.
- 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%.
- Binance investigates potential multibillion-dollar hack
Binance is investigating a potential security breach involving an Ethereum wallet after suspicious transfers, while Tether and Circle reportedly froze nearly $1.8 billion in assets. Binance has not confirmed any impact on user funds, but co-founder Changpeng Zhao (CZ) said the activity appeared to be a hack, that Tether and Circle had frozen about $971 million and $823 million, respectively, and that he expected all user funds to be fully covered. Blockchain researcher Spreek first raised concerns after assets from a Binance-linked Ethereum wallet were moved to a new address via a contract call allegedly funded by Tornado Cash. Later, Tether and Circle said they had frozen more than $2.36 billion, including over $800 million in USDC frozen in coordination with law enforcement and more than $1.567 billion in USDT.
- Potential multi-billion Binance hack hitting crypto markets
Related markets
Latest news
- Quốc Cường Gia Lai reports loss after Ms. Nguyễn Thị Như Loan returns to the 'hot seat'
Quốc Cường Gia Lai posted a third-quarter net loss of nearly 7 billion VND, its first loss since mid-2024 and its weakest result in two years, shortly after Nguyễn Thị Như Loan returned as CEO in place of her son. Q3 revenue was 27 billion VND, nearly five times lower than a year earlier, due to fewer apartment handovers and no electricity sales after the hydropower plants were transferred. Gross profit fell 91% to 4 billion VND, compared with a profit of over 24 billion VND in the same period last year. For the first nine months, revenue reached 107 billion VND, far below the full-year target of 2,403 billion VND, but after-tax profit was nearly 175 billion VND thanks to 243 billion VND in other income from the hydropower disposal. At end-September, total assets were nearly 8,200 billion VND, down about 550 billion VND from the start of the year, while liabilities fell from nearly 4,000 billion to under 3,300 billion VND.
- President Putin: No side will win if Russia and Europe clash
Russian President Vladimir Putin said Moscow is ready for a possible conflict with Europe, although it does not want one, and that no side would win if any clash broke out. He said Finnish President Alexander Stubb and Norwegian Prime Minister Jonas Gahr Støre were right to initiate a phone call with Russia, and that Moscow supports every step to fully restore relations with European countries. Putin warned that restricting communications could lead to a situation similar to the Strait of Hormuz in the Baltic Sea. A leaked US intelligence report suggested Russia could attack NATO's eastern flank within weeks, while the Telegraph reported Russia intends to use the next round of Ukraine peace talks to win NATO concessions on eastward expansion. UK Defence Secretary Wes Streeting warned that Britain's rivals could be capable of attacking by 2030.
- National Assembly deputy: Need to ban 'flipping' of off-plan home purchase contracts
Deputy Lê Thanh Hoàn proposed banning the transfer of purchase contracts for homes not yet built (“homes on paper”) to curb speculation, during the National Assembly's morning debate on 30/10 on the amended Law on Real Estate Business. He argued that current law transfers the position in the contract rather than a finished property, allowing early buyers who pay a deposit and small installments to resell at higher prices, with returns on invested capital possibly many times larger. He cited China and South Korea, which restrict such transfers. Several deputies also urged banning developers from collecting booking or deposit funds before a project meets legal conditions, and Deputy Tô Ái Vang proposed placing 5% of deposits into a blocked account at a guarantor bank. The National Assembly is expected to approve the bill on 21/11.
- Microsoft (MSFT) Stock Shrugs Off Q1 Earnings As AI Spending Looms
Microsoft shares barely moved, slipping 0.2% to about US$530, despite Q1 fiscal 2027 results showing revenue of US$92.3b and basic EPS of US$4.93, both up sharply year on year. Cloud revenue reached US$63.9b, up 30%, while Azure grew 48%. Microsoft is pouring US$170B into AI buildout, with quarterly capex of US$31.9b, over two-thirds going into short-lived CPUs and GPUs. Bullish observers argue the spending will lift revenue and support margins, while bearish investors worry the AI build will become a margin drag rather than an earnings engine. The stock trades at a 27.6x P/E.
- Alphabet (GOOGL) Stock Price Sinks As Q3 Results Deepen AI Cash Flow Doubts
Alphabet shares fell roughly 13% to about US$283 on the day, even though Q3 2026 revenue rose about 25% to US$127.6b and Google Cloud revenue climbed about 103% to US$30.7b. Net income fell about 25% to US$26.2b and basic EPS dropped about 26% to US$2.14, while free cash flow moved into a quarterly loss. The article notes a 36.2% Google Cloud margin and says AI usage now covers 80% of Cloud customers, but argues the promised step change in profitability is not yet visible at the consolidated level. Bearish analysts expect heavier regulatory and compliance costs around data, privacy and antitrust to keep pressuring margins. A cash-flow-based valuation cited in the article suggests the stock could be 46% undervalued.
- How AI Factory Expansion Will Impact NVIDIA (NVDA) Investors
NVIDIA announced new AI platforms, including the OpenShell Reference Architecture, DSX POD modular AI factories and RTX Spark PCs, and expanded collaborations with Oracle, Meta and industrial partners. The article says this shows NVIDIA moving from selling chips to supplying full AI factory blueprints, with the Oracle Cloud Infrastructure expansion cited as the clearest example. Consensus analyst forecasts cited in the piece assume revenue grows 48.7% a year over the next three years, while profit margin falls from 63.7% to 54.3%. Net profit is expected to rise from US$192.9b to US$540.6b by 2029, on revenue of US$995.9b, while the P/E falls from 28.6x to 19.7x. The consensus target price of US$328.72 is 30.5% above the current quote of US$228.52, with bull and bear cases at US$515 and US$180.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.