Binance probes suspected security issue as frozen funds reach $3 billion - Milliyet
Milliyet AppUygulamayı AçWebWeb'de Devam Et ENBinance probes suspected security issue as frozen funds reach $3 billionNewsBinance Probes Suspected Security İssue As Frozen Funds Reach $3 BillionBinance probes suspected security issue as frozen funds reach $3 billion30.10.2026 - 10:02 | Last Updated: 30.10.2026 - 10:06
Major cryptocurrency exchange Binance said Thursday that it is investigating a "potential security issue" while around $3 billion worth of digital assets were frozen.
"Our teams are aware of reports of a potential security issue and are actively investigating. User funds are completely safe," it announced on the US social media platform X.
It reaffirmed that its security teams were reviewing all relevant information with "urgency" and called on users to remain cautious of scams and to avoid unofficial links, messages or requests for account information.
"User funds are safe! It does look like a hack on Binance. Appreciate the quick freeze from Tether (~$971m) and Circle (~$823m)," Binance co-founder Changpeng Zhao wrote on X.
Binance also noted that it temporarily disabled trading of tokens listed on Binance Alpha while it addressed the security issue.
"As part of our ongoing security measures, Binance Alpha trading has been temporarily suspended - CEX Buy Token/Alpha instant/CEX purchase prediction marketing using fund in spot wallet," it said.
"The current verified total frozen amount is around $3 billion," Binance further announced in its latest update on the security issue.
It reaffirmed continued work with law enforcement, issuers, blockchain intelligence firms and industry partners "to trace and freeze additional assets."
Binance co-founder Yi He also reaffirmed on X that user funds were safe and that they would cover all hacking losses.
"Deposits and withdrawals are temporarily suspended while our team conducts security checks, freezes funds, and works with law enforcement," she added.
In its latest update, Binance said the initial investigation suggested that the "security incident may involve a compromised DevOps engineer’s laptop, which allowed an attacker to gain access to a service container and submit unauthorized withdrawal transactions."
"We have found no evidence of any wallet private key leak. We will share a detailed technical post-mortem once the investigation is complete and the facts are fully verified," Binance said.
It noted that the estimated total impact sat at around $6.3 billion while they worked with blockchain partners to freeze affected assets, with around $3 billion frozen on-chain so far.
