Binance's hot wallet appears to have been attacked, with approximately $2.5 billion in assets transferred out.

[An address with a balance of approximately 175 million USDT has been frozen] At 05:31, an address with a balance of approximately 175 million USDT was frozen. After being frozen, the USDT in this address cannot be transferred out. The reason for the freeze is currently unclear.

As of 05:22 (UTC+8) on October 30, 2026, on-chain monitoring shows that approximately $5.643 billion in assets flowed out of Binance token wallets, including $3.528 billion in Ethereum, $1.449 billion in Bitcoin, $628 million in Tron, and a combined $38 million outflow from Arbitrum, Optimism, and Base networks. Tether and Circle have frozen approximately $2.316 billion in stablecoins, including 1.493 billion USDT and 823 million USDC. This statistic excludes change payments and avoids double counting. (BWEnews)

Tether has frozen more than 1.567 billion USDT (Source: Bloomberg)

Ethena stated on the X platform that its unrealized profit and loss exposure to Binance totals approximately $8.8 million, less than its $60 million reserve fund. Ethena stated that all collateral involving exchange exposure is held in off-exchange custody, not directly on the exchange, and that proof of reserves executed by multiple external institutions will be released in the coming hours.

[Binance Suspected Theft: Approximately $2.1 Billion in Stablecoins Frozen] At 05:13, an address holding 823 million USDC (approximately $824 million) was frozen. This address, along with two previously frozen addresses holding 313 million and 971 million USDT respectively, are all related to the suspected Binance theft, resulting in a total of approximately $2.1 billion in frozen stablecoins. At 05:22, another address holding 65.99 million USDT was frozen. Binance is investigating potential security issues and has not yet confirmed that user funds have been affected.