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An independent record of the October 2026 Binance hack
This line is our short summary of the quote below. The quote is the evidence.
Binance's initial investigation suggests 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 will also publish an updated Proof of Reserves once the remediation is complete.
Note: This announcement was updated on 2026-10-30 to clarify deposits remain unaffected and continue to operate as normal.
As an immediate precaution, Binance has: - temporarily suspended withdrawals while security checks are completed; - revoked the affected address authorisation; - engaged law enforcement and blockchain intelligence partners to trace and recover funds.
Binance will cover all losses from the SAFU fund and the company’s funds. User funds are safe.
We have worked with blockchain partners to freeze affected assets, with ~$3 billion frozen on-chain so far.