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BinanceSecurity incident

Binance pauses withdrawals as hackers suspected of stealing billions in crypto

What happened

Binance confirmed a major security incident and temporarily suspended withdrawals as hackers drained at least $2 billion to an estimated $5.7 billion in cryptocurrency from its hot wallets.

Source

Article excerpt

Highlighted: the sentence this signal was extracted from

Binance has confirmed to TechCrunch that it is dealing with a security incident as users reported that funds were being drained from the crypto exchange's wallets. The world's largest cryptocurrency exchange said in an emailed statement to TechCrunch that it is "aware of reports of a potential security issue and are actively investigating." "Rest assured that user funds are completely safe," Binance said in a statement. "Our security teams are reviewing all relevant information with urgency, and we will provide updates through official Binance channels as soon as we have verified information," the statement added. "Users should remain cautious of scams and should not trust unofficial links, messages, or requests for account information." Binance spokesperson Ross O'Leary said that Binance has "temporarily suspended withdrawals on multiple networks following a security incident as a precautionary measure." News of the breach comes hours after Binance founder Changpeng Zhao said in a post on X that the company had been likely hacked. Zhao, who no longer runs the company but is its largest shareholder, said that he expects users' funds to be "fully covered," but did not provide an explanation for the claim. Financial tech giant Circle froze about $800 million in Tether as it passed through its networks, while crypto giant Tether itself froze about $1.56 billion related to...

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Extracted by Autobound

From the Signal API record
Event
Security incident

What this signalsA breach often leads to new security spend.

Takes effect
Oct 29, 2026

More security incident signals at other companies

The full record

From the Signal API record

Details

Issue named
hackers drained funds from Binance hot wallets, with crypto watchers reporting at least $2 billion and estimates reaching upwards of $5.7 billion in crypto stolen

Extraction

Confidence
95%
Detected
Oct 29, 2026
signal_type
news
signal_subtype
security_incident

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The API returns more than this page shows

This page shows a preview. The full news record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/aaf0fc07-e542-6f30-f88d-d39fb6f947ed returns this record as JSON. POST /v1/companies/enrich returns every signal for binance.com.

{
  "signal_id": "aaf0fc07-e542-6f30-f88d-d39fb6f947ed",
  "signal_type": "news",
  "signal_subtype": "security_incident",
  "detected_at": "2026-10-29T22:27:23+00:00",
  "company": {
    "name": "Binance",
    "domain": "binance.com"
  },
  "data": {
    "url": "https://techcrunch.com/2026/10/29/binance-pauses-withdrawals-as-hackers-suspected-of-stealing-billions-in-crypto/",
    "title": "Binance pauses withdrawals as hackers suspected of stealing billions in crypto",
    "author": "Zack Whittaker",
    "excerpt": "Binance has confirmed to TechCrunch that it is dealing with a security incident as users reported that funds were being drained from the crypto exchange’s wallets. The world’s largest cryptocurrency exchange said in an emailed statement to TechCrunch that it is “aware of reports of a potential security issue and are actively investigating.” “Rest assured that user funds are completely safe,” Binance said in a statement. “Our security teams are reviewing all relevant information with urgency, and we will provide updates through official Binance channels as soon as we have verified information,” the statement added. “Users should remain cautious of scams and should not trust unofficial links, messages, or requests for account information.” Binance spokesperson Ross O’Leary said that Binance has “temporarily suspended withdrawals on multiple networks following a security incident as a precautionary measure.” News of the breach comes hours after Binance founder Changpeng Zhao said in a post on X that the company had been likely hacked. Zhao, who no longer runs the company but is its largest shareholder, said that he expects users’ funds to be “fully covered,” but did not provide an explanation for the claim. Financial tech giant Circle froze about $800 million in Tether as it passed through its networks, while crypto giant Tether itself froze about $1.56 billion related to...",
    "summary": "Binance confirmed a major security incident and temporarily suspended withdrawals as hackers drained at least $2 billion to an estimated $5.7 billion in cryptocurrency from its hot wallets.",
    "planning": false,
    "image_url": "https://techcrunch.com/wp-content/uploads/2023/12/GettyImages-1258513563.jpg?resize=1200,800",
    "confidence": 0.95,
    "published_at": "2026-10-29T22:27:23Z",
    "vulnerability": "hackers drained funds from Binance hot wallets, with crypto watchers reporting at least $2 billion and estimates reaching upwards of $5.7 billion in crypto stolen",
    "effective_date": "2026-10-29",
    "article_sentence": "Binance spokesperson Ross O’Leary said that Binance has “temporarily suspended withdrawals on multiple networks following a security incident as a precautionary measure.”"
  }
}

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