Binance said in Recovery Update #4 that deposit services remain open and are not affected by the incident.
Deposit services remain open and are not affected by the incident.
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An independent record of the October 2026 Binance hack
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Deposit services remain open and are not affected by the incident.
Our commitment remains unchanged: Binance will bear the financial impact of the stolen funds. These losses will not be passed on to users.
"Binance will absorb the financial impact of these stolen funds, not our users," the company said in a statement on Saturday.
We want to be clear about our commitment: Binance will absorb the financial impact of these stolen funds, not our users.
For verified updates, please follow Binance's official channels only, or contact us directly through the official Customer Support.
we will provide a detailed technical report outlining what happened, the lessons learned and the additional safeguards being implemented.
He added that while he doesn't manage Binance anymore, "as a shareholder, I expect all user funds will be fully covered."
Asked about the potential ties to North Korea, a Binance spokesperson said only that the company is "working closely with our law enforcement partners to confirm the identity of the criminals and bring them to justice."
It said it will cover all losses.
Blockaid’s detection flagged the drain under two minutes after the sweep and before any public report
“We are still gathering the facts, and will share more directly as we have them,” it wrote.
Ben-Natan warned that similar signing-system attacks threaten other exchanges and said transaction simulation could help detect malicious requests before they receive approval.
Binance said it was investigating a potential security issue, then said it had temporarily suspended withdrawals on multiple networks as a precaution. Binance has said user funds are safe.
Note: This announcement was updated on 2026-10-30 to clarify deposits remain unaffected and continue to operate as normal.
Please rely only on official Binance channels for updates.
Coinbase CEO Brian Armstrong said Coinbase is "doing everything we can to support in the current situation," including blocking transfers to compromised wallets.
Binance also warned customers to remain cautious of scams and avoid unofficial links, messages, or requests for account information.
For its part, Binance.US was not affected by the reported incident. "We are a separate, independent platform, and customer funds and services are secure and operating normally," the firm said . "Rest assured, all user funds are safe."
Binance is investigating a potential multibillion-dollar security breach involving one of its Ethereum wallets, after suspicious transfers prompted stablecoin issuers Tether and Circle to reportedly freeze billions in assets.
A Binance spokesperson told Cointelegraph on Thursday that the exchange was investigating reports of a potential security issue but had not confirmed any impact on user funds.
Zhao posted Thursday on X that "User funds are safe!" but added that the theft "does look like a hack on Binance."