Binance said in a post on its X account at 5:29 am Perth time (AWST) on 30 October 2026 (21:29 UTC, 29 October): "Our teams are aware of reports of a potential security issue and are actively investigating. User funds are completely safe." The post said its security teams are reviewing all relevant information with urgency and warned users not to trust unofficial links, messages, or requests for account information. (source: Binance on X) In a later post at 8:13 am Perth time on 30 October (00:13 UTC), Binance said: "We are working non-stop to resolve this issue. Binance will cover all losses." It said all deposits and withdrawals are temporarily suspended while its team conducts security checks, freezes funds, and works with law enforcement, and that it will share a full post-mortem once the investigation is complete. (source: Binance on X) BleepingComputer reported on 29 October 2026 (US Eastern time) that the statements followed reports of billions of dollars in cryptocurrency being transferred from multiple Binance hot wallets to a newly created Ethereum address. According to BleepingComputer, Tether CEO Paolo Ardoino said on X that Tether had frozen more than $1.567 billion in USDT and Circle CEO Jeremy Allaire said Circle had frozen more than $800 million in USDC linked to the incident. BleepingComputer notes that Arkham Intelligence's figure of about $5.78 billion is the value of assets held across the wallets it tracks, not a confirmed amount stolen from Binance, and that at the time of its report Binance had not confirmed whether the transfers were unauthorized, how the suspected breach occurred, or the total value of any stolen assets. (source: BleepingComputer) UPDATE (30 Oct 2026, Perth; Binance on X): At 8:52 am Perth time (00:52 UTC) Binance said: "The current verified total frozen amount is around $3 billion." At 10:25 am Perth time (02:25 UTC) it said: "Binance's initial investigation suggests that the security incident may involve a compromised DevOps engineer’s laptop, which allowed an attacker to gain access to a service container and submit unauthorized withdrawal transactions. We have found no evidence of any wallet private key leak." The same post says "The estimated total impact sits at around $6.3B", with about $3 billion frozen on-chain so far, and that Binance will cover all losses from the SAFU fund and the company's funds. Binance says it has revoked the affected address authorisation, engaged law enforcement and blockchain intelligence partners to trace and recover funds, and will publish a detailed technical post-mortem and an updated Proof of Reserves. In a service update at 12:36 pm Perth time (04:36 UTC), Binance said deposits "remain unaffected and continue to operate as normal" and that withdrawals remain paused while it completes "a security revamp of the withdrawal service and its related addresses", which it expects to finish within 48 hours. It said the incident "stems from multiple factors" and that its security team is tracing the full attack path through the compromised computer, which "may be the entry point of the incident". (source: Binance on X) UPDATE (30 Oct 2026, evening Perth; Binance on X): In an investigation update at 4:47 pm Perth time (08:47 UTC), Binance said: “Our initial investigation suggested that the security incident may have involved a compromised laptop, however our subsequent investigation has uncovered additional points of breach.” It called it “a complex attack”, said it is still gathering the facts with law enforcement, repeated that it will cover all losses from the SAFU fund and the company's funds, said it is still on track to resume withdrawals in 45 hours with deposits unaffected, that outflows ceased when it paused withdrawals, and that around $3 billion has been frozen so far. At 6:55 pm Perth time (10:55 UTC) Binance said it has begun recovering affected assets for users and has reserved over $6.34B of company funds to cover the incident, $5B of it already held in the exact token assets that were impacted, and that it is buying the remaining token assets through market and OTC channels. It said these figures do not include frozen or protected assets, and that all user funds will be verified publicly through its Proof of Reserves. (source: Binance on X) Correction (31 Oct 2026): the card date has moved from 30 to 29 October 2026, the date BleepingComputer's report shows. (source: BleepingComputer) UPDATE (31 Oct 2026; TRM Labs): Blockchain intelligence firm TRM Labs says in a blog post dated 29 October 2026 that it attributes the attack to TraderTraitor, which it calls North Korea’s elite hacking unit, based on on-chain and off-chain intelligence, and that it makes this judgment with high confidence; this is TRM’s assessment, and Binance has not named an attacker in the posts cited on this card. TRM says an attacker moved about USD 6.36 billion out of Binance wallets on ten blockchains, most of it in about 20 minutes starting at 20:05 UTC on 29 October (4:05 am Perth time, 30 October), using EIP-7702 delegation with 50 pre-signed authorisations, which in TRM’s assessment points to a compromise of Binance’s hot wallet signing infrastructure. TRM says Tether, Circle, Ripple and World Liberty Financial froze about USD 2.67 billion and the Arbitrum Security Council froze 8,426 ETH and 74.6 million ARB, about USD 2.7 billion in total, and that the attacker still held more than 420,000 ETH and 18,270 BTC, about USD 2.4 billion, as of 00:30 UTC on 30 October (8:30 am Perth). (source: TRM Labs) UPDATE (02 Nov 2026, Perth; FBI): The FBI said in a cyber alert dated 31 October 2026 that North Korea was responsible for the theft of more than $6 billion USD in virtual assets from cryptocurrency exchange Binance on or about 29 October 2026, activity the FBI refers to as "TraderTraitor". The FBI says it, the USSS and IRS-CI have observed TraderTraitor actors converting stolen assets primarily into Ethereum (ETH), expects further laundering through DeFi and instant swap services, and urges THORNode and RPC node operators, instant exchanges, DeFi services, blockchain analytics firms and other virtual asset service providers to block transactions with or derived from the addresses it lists. (source: FBI)
- Product
- Binance cryptocurrency exchange (hot wallets)
- Versions
- n/a — incident (per Binance at 4:47 pm AWST on 30 Oct: deposits unaffected, withdrawals paused, expected to resume in 45 hours)
- Exploited in Australia?
- unknown
- Patch to
- Binance users: rely only on official Binance channels for updates, as Binance itself advises, and ignore links, DMs or 'recovery' offers about the incident. Expect phishing that uses the incident as a lure. Do not share account details or 2FA codes with anyone claiming to help.
Primary: Binance on X — investigation update: additional points of breach uncovered; withdrawals to resume in 45 hours (30 Oct 2026, 4:47 pm AWST) · Vendor: Binance on X — aware of reports of a potential security issue (30 Oct 2026, 5:29 am AWST) · BleepingComputer — Binance probes potential $5.8 billion crypto-theft hack (29 Oct 2026) · FBI — North Korea Responsible for $6 Billion+ Binance Attack (31 Oct 2026) · TRM Labs — North Korea Steals USD 6.36 Billion From Binance in the Largest Hack in History (29 Oct 2026; TRM's attribution) · Binance on X — initial investigation: compromised DevOps engineer’s laptop; estimated impact around $6.3B (30 Oct 2026, 10:25 am AWST) · Binance on X — recovery has begun; over $6.34B of company funds reserved (30 Oct 2026, 6:55 pm AWST) · Binance on X — deposits and withdrawals suspended; Binance will cover all losses (30 Oct 2026, 8:13 am AWST) · Binance on X — verified total frozen around $3 billion (30 Oct 2026, 8:52 am AWST) · Binance on X — service update: deposits normal, withdrawals paused (30 Oct 2026, 12:36 pm AWST)
breaches