The page states that Tether froze 971.1M USDT at 21:01 UTC, 37 minutes after the Ethereum transaction.
21:01 | Tether freezes 971.1M USDT, 37 minutes after the Ethereum transaction.
Hacken. Captured . Original
Independent record. Not associated with, endorsed by or operated by Binance. This site is read-only: there is nothing to sign in to, pay for or connect.
An independent record of the October 2026 Binance hack
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21:01 | Tether freezes 971.1M USDT, 37 minutes after the Ethereum transaction.
Hacken. Captured . Original
The stolen USDT reached the attacker's main Ethereum wallet at 20:24 UTC. Tether froze that wallet 37 minutes later, locking 1.18 billion USDT in place, and then followed the funds, freezing four more attacker addresses within 17 minutes. Circle froze the 823 million USDC in the same wallet three minutes after that.
Elliptic. Captured . Original
Binance ranks as the largest cryptocurrency exchange by reserves with $134 billion in total assets.
Cointelegraph. Captured . Original
$165 billion in exchange reserves. Those reserves include assets backing customer balances.
Cointelegraph. Captured . Original
At around 2026-10-29 20:05 (UTC), our hot wallets were compromised, resulting in a loss of approximately $6.3B USD worth of token assets.
Binance. Captured . Original
Around 4:20 p.m. ET on October 29, 2026, funds began leaving Binance hot wallets across multiple blockchains. Unauthorized transfers totaled approximately $6.4 billion, the largest theft in crypto history.
Chainalysis. Captured . Original
On the evening of 29 October 2026, an attacker emptied Binance hot wallets on 10 blockchains
Hacken. Captured . Original
Over the course of a few hours, the attacker drained Binance hot wallets across 11 blockchains.
Elliptic. Captured . Original
deposits as it conducts security checks, freezes funds and coordinates with law enforcement. It previously confirmed it had suspended withdrawals.
Cointelegraph. Captured . Original
Note: This announcement was updated on 2026-10-30 to clarify deposits remain unaffected and continue to operate as normal.
Binance. Captured . Original
21:01 | Tether freezes 971.1M USDT, 37 minutes after the Ethereum transaction.
Hacken. Captured . Original
Stablecoin issuers began freezing funds by 5:14 p.m. ET on October 29
Chainalysis. Captured . Original
Worked with law enforcement, blockchain intelligence firms, asset issuers and industry partners to trace and freeze affected assets. Approximately $3 billion has been frozen on-chain to date.
Binance. Captured . Original
Elliptic has verified $2.85 billion of frozen or seized funds, 44% of the theft, almost all of it USDT and USDC. The attacker is swapping the rest into ETH and other assets that cannot be frozen, and moving funds between blockchains, using automated scripts that run around the clock.
Elliptic. Captured . Original
Around 4:20 p.m. ET on October 29, 2026, funds began leaving Binance hot wallets across multiple blockchains. Unauthorized transfers totaled approximately $6.4 billion, the largest theft in crypto history.
Chainalysis. Captured . Original
Chainalysis said its current estimate of the amount stolen from Binance is $5.912 billion at the time of theft, four times the amount stolen from crypto exchange Bybit in 2025.
Cointelegraph. Captured . Original
At around 2026-10-29 20:05 (UTC), our hot wallets were compromised, resulting in a loss of approximately $6.3B USD worth of token assets.
Binance. Captured . Original
On October 29, 2026, $6.43 billion in cryptoassets were stolen from Binance, the world's largest cryptoasset exchange, according to Elliptic's analysis.
Elliptic. Captured . Original