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Crypto firms freeze more than $2.5bn in funds as Binance investigates potential hack

Published October 29, 2026 8:02 pm • Updated October 29, 2026 8:41 pm •
Crypto firms freeze more than $2.5bn in funds as Binance investigates potential hack
Photo via The Guardian US

World’s largest crypto exchange said it had not confirmed whether funds had been pilferedBinance, the world’s largest cryptocurrency exchange, said on Thursday it is 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 $2.5bn in funds by Thursday evening.It wasn’t immediately clear the extent of…

World’s largest crypto exchange said it had not confirmed whether funds had been pilferedBinance, the world’s largest cryptocurrency exchange, said on Thursday it is 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 $2.5bn in funds by Thursday evening.It wasn’t immediately clear the extent of…

Source: The Guardian US — Original report ↗

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Original source: The Guardian US ↗

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Source feed changed: Crypto firms freeze more than $2.5bn in funds as Binance investigates potential hack