On October 30, 2026, Binance published an update on a serious security incident involving unauthorized withdrawals. According to the company, at around October 29 at 20:05 UTC its digital wallets were compromised, resulting in a loss of approximately $6.3 billion in tokens.
Binance assured it will absorb the financial impact and that users will not bear the stolen funds: it will cover what was taken through its Secure Asset Fund for Users (SAFU) and its corporate treasury. The platform said it had already set aside more than $6.34 billion in company funds, of which $5 billion was invested in the affected tokens, such as USDC, USDT, BTC, ETH, and BNB, representing about 80% of the affected amount.
As part of containment, authorizations were revoked, controls were strengthened, and withdrawals were temporarily suspended, while deposits and other unaffected services kept working. The company also reported that about $3 billion had been frozen on the blockchain so far, in collaboration with law enforcement, blockchain intelligence firms, and asset issuers, and that the investigation was still ongoing.
Source: Binance (https://www.binance.com/es-LA/square/post/382971114194947)
