Binance freezes $2.5 billion in crypto funds and temporarily halts withdrawals over potential security issue
Corroborated by 9 sources from 9 publishers
TL;DR
LOS ANGELES (AP) — Binance, the world’s largest cryptocurrency exchange, said Thursday it’s investigating reports of a potential security issue as its founder said the incident “does look like a hack on Binance.” The company said cryptocurrency firms had frozen more than $2.5 billion in funds by Thursday evening.
Sources
1
Al Jazeera
https://www.aljazeera.com/economy/2026/10/30/binance-says-2-54bn-in-crypto-funds-frozen-amid-potential-security-issue?traffic_source=rss
2
Bloomberg Markets
https://www.bloomberg.com/news/videos/2026-10-30/binance-suspends-withdrawals-after-suspected-hack-video
3
The New York Times (Technology)
https://www.nytimes.com/2026/10/29/technology/binance-grapples-with-security-incident-that-may-cause-6-3-billion-in-losses.html
4
Investing.com News
https://www.investing.com/news/cryptocurrency-news/binance-says-estimated-impact-of-security-incident-at-around-63b-432SI-4985748
5
Bloomberg Markets
https://www.bloomberg.com/news/videos/2026-10-30/the-asia-trade-10-30-2026-video
6
CNBC 100004038
https://www.cnbc.com/video/2026/10/30/binance-hack-calls-for-stronger-cybersecurity-regulation-perkins.html
7
Bloomberg Technology
https://www.bloomberg.com/news/videos/2026-10-30/binance-hack-not-end-of-world-says-crypto-pioneer-video
8
ABC News Money Headlines
https://abcnews.com/Business/wireStory/binance-flags-potential-security-issue-crypto-firms-froze-137691087
9
Fortune
https://fortune.com/2026/10/30/what-we-know-about-binance-hack-biggest-crypto-heist
10
CNBC 100004038
https://www.cnbc.com/video/2026/10/30/binance-hack-target-bad-actors-not-victims-says-franklins-crypto-head.html
11
CNBC 100004038
https://www.cnbc.com/video/2026/10/30/binance-safu-fund-wont-fully-reimburse-crypto-investors-after-hack.html
12
CNBC 15838652
https://www.cnbc.com/video/2026/10/30/binance-hack-what-we-know-so-far.html
13
Financial Times
https://www.ft.com/content/c7f5e395-c3a9-430e-b757-5014527b4d49?syn-25a6b1a6=1
14
Engadget
https://www.engadget.com/2301941/binance-hacked-for-estimated-6-3-billion-in-record-crypto-theft
15
Bloomberg Technology
https://www.bloomberg.com/news/videos/2026-10-30/binance-suffers-6-3-bln-hack-in-crypto-s-biggest-heist-video
16
ABC News Top Stories
https://abcnews.com/Business/binance-estimates-security-breach-impact-63-billion/story?id=137698510
17
The New York Times (Technology)
https://www.nytimes.com/2026/10/29/technology/binance-hack-crypto.html