Binance wallet transfers spark $3B hack fears
6.6 Security Binance-linked wallets moved up to $3.55B, sparking hack rumors. No breach or losses confirmed. Stablecoin issuers froze assets as a precaution.
On October 29, significant cryptocurrency transfers from wallets linked to Binance sparked widespread speculation about a potential security incident. On-chain trackers and social media reported outflows between $2.5 billion and $3.55 billion, spanning over 60 tokens and multiple blockchains. Notable transactions included a 965,455 SOL transfer worth $95.4 million to an unknown wallet, and a single Ethereum wallet moving 167,464 ETH alongside other assets. Stablecoin issuers Tether and Circle reportedly froze $971 million USDT and $823 million USDC, respectively, while the Starknet Foundation froze 428 STRK tokens. Despite the scale of these movements, Binance has not confirmed any hack or customer losses, and some activity may be linked to previously announced wallet maintenance. The reported figures reflect tracked transfer volumes and do not confirm theft or loss of control. Crypto prices dipped during the reports, but no direct causal link has been established.
