Binance $6.3B Hack: Withdraw Your Crypto to a Self-Custodial Wallet

On October 29, 2026, large unauthorized outflows from Binance hot wallets across multiple blockchains triggered a major security incident.

According to Binance’s official Security Incident Update, the initial investigation indicates the 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.” 

The exchange estimates the total impact at around $6.3 billion. 

The key takeaway for users

Even with strong reserves, insurance funds (SAFU), and a commitment to cover losses, this incident highlights the ongoing risks of keeping significant holdings on centralized exchanges. Hot-wallet systems and internal access points can become attack vectors. 

The principle “not your keys, not your coins” remains highly relevant for long-term storage.

Once withdrawals resume on Binance, transfer assets to self-custody and reduce exposure to exchange-level incidents.

How to move from Binance to Tangem Wallet

1. Download the Tangem wallet app on your phone.
    

2. Create a Mobile Wallet. You can back it up with a seed phrase, iCloud, or Google Drive, or with a Tangem hardware wallet (recommended).

   

3. Tap Add funds to add tokens you need, e.g., BNB. You can also use the search bar.
    

   

4. Select the token, choose the network you want to receive it on, e.g., Binance Smart Chain, and tap Confirm.

   

5. Tap Receive to get the public address. 

   

   6. Tap Copy to copy the address to your clipboard. Then go to the binance withdraw page.

   

 

Withdrawing from Binance (once withdrawals resume)

1. Log in to Binance → Wallet → Spot (or Funding).
    
2. Select the coin you want to withdraw.
    
3.  Tap Withdraw → and then Withdraw Crypto.
    
4. Paste the Tangem address you copied into the Address field.

5. Select the identical network. 

   

6. Enter the amount. You can choose Max to send it all.
7.  Review all details carefully (address, network, amount), 
8. Tap Continue. Your withdrawal is ready to confirm.
9. Binance sends you a confirmation email and asks for a 2FA code.
10. Once confirmed, Binance then processes the withdrawal. The status changes to "Processing."

 

⚠️ Warning. A wrong network causes permanent loss of your funds. Make sure that you select the same network on Binance as you did on Tangem

 

Open the Tangem app and check your balance. Your funds appear after the network confirms the transaction. Confirmation times depend on the network:

• Bitcoin: 10 to 60 minutes.
• Ethereum: 5 to 20 minutes.
• USDT on TRC-20: 2 to 3 minutes.
• Solana: less than 30 seconds.

If the funds do not arrive, find the transaction hash in your Binance withdrawal history. Paste the hash into a blockchain explorer to check the status. The explorer shows whether the transaction is confirmed or still pending.

Tips for safe withdrawals

Use these tips to withdraw safely and pay less.

1. Send a small test amount first. Send a small amount, confirm it arrives, then send the rest.
    
2. Whitelist your Tangem address on Binance. A whitelisted address speeds up future withdrawals faster.
    
3. Withdraw during low-traffic hours. Network fees on Ethereum drop when the network is less busy.
    

Why Tangem?

Self-custody means you control your own keys. No exchange and no regulator can freeze your funds or pause withdrawals.
 

Tangem gives you clear advantages:

• Seedless backup. You can decide not to use a seed phrase.
   
• Card format. The wallet is a card you can carry in your pocket.
   
• Broad token support. Tangem supports 90+ blockchain networks in one app.
   
• Secure chip. The card holds your keys on a secure element with EAL6+ certification.
   
• Self-custody. Tangem does not store, access, or control your funds or keys.
   
• Tap to sign. You tap the card to your phone and approve each transaction.
   
• No battery or cables. You need only a card and your smartphone.
   
• Tough build. The wallet carries an IP69K rating for dust and water.
   
• In-app swaps. Tangem aggregates prices from DEXs, CEXs, and bridges so you get the best when swapping between tokens.
   
• dApp access. WalletConnect links your wallet to DeFi and NFT apps.
   
• Native staking. You can stake ATOM, BNB, GRAM (formerly TON), POL on Ethereum, SOL, TRX, ETH, and ADA.
   
• Tangem Pay. Tangem Pay lets you spend stablecoins through a Visa card in supported regions.
   
• Zero-fee stablecoin swaps. Tangem charges 0% commission on eligible stablecoin-to-stablecoin swaps.
   
• Yield Mode. You earn yield on your stablecoins from inside your self-custody wallet.
   
• Audited app. The Tangem app is open source and independently audited.