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As it happened: Binance’s record $6.3B crypto hack

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Cointelegraph (News media)
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https://cointelegraph.com/news/live-updates-binance-63b-hack-linked-to-north-koreas-tradertraitor
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Claims quoted from this source

ReportedresponseClaim 111

Cointelegraph reported that a Binance spokesperson said on Thursday that the exchange was investigating reports of a potential security issue and had not confirmed any impact on user funds.

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.

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Binance spokesperson
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Cointelegraph (News media)
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Reviewer note: Event time is the time Cointelegraph stamped its live-blog entry (9:15 pm UTC), not a time stated by the speaker.

ReportedfreezeClaim 349

Cointelegraph reported that Changpeng Zhao said Tether and Circle had frozen approximately $971 million and $823 million respectively.

the activity appeared to be a hack, adding that Tether and Circle had frozen approximately $971 million and $823 million, respectively.

Speaker
Changpeng Zhao
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Cointelegraph (News media)
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ReportedfreezeClaim 350

Cointelegraph reported that Tether CEO Paolo Ardoino said Tether had frozen more than $1.567 billion in USDT linked to the potential exploit.

the company had frozen more than $1.567 billion in USDT linked to the potential exploit.

Speaker
Paolo Ardoino
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Cointelegraph (News media)
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ReportedamountClaim 351

Cointelegraph reported that Arkham Intelligence identified wallets labeled binance-hacker-1029 holding approximately $5.84 billion.

a collection of wallets labeled “binance-hacker-1029” holding approximately $5.84 billion in digital assets. The figure represents the wallets’ reported holdings rather than a confirmed estimate of stolen funds.

Speaker
Arkham Intelligence
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Cointelegraph (News media)
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ReportedresponseClaim 410

Cointelegraph reported at 21:15 UTC on 29 October that Binance was investigating a potential multibillion-dollar security breach after suspicious transfers prompted Tether and Circle to reportedly freeze billions.

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.

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Not recorded
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Cointelegraph (News media)
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ReportedotherClaim 411

Cointelegraph reported that concerns were first raised by blockchain researcher Spreek on X.

Concerns were first raised by blockchain researcher Spreek, who

Speaker
Spreek
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Cointelegraph (News media)
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ReportedfreezeClaim 118

Cointelegraph reported that Aave froze markets across its V3 and V4 deployments as a precaution following the Binance hack.

Decentralized lending protocol Aave froze markets across its V3 and V4 deployments as a precaution following the Binance hack.

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Not recorded
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Cointelegraph (News media)
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Reviewer note: Event time is the time Cointelegraph stamped its live-blog entry (10:32 pm UTC), not a time stated by the speaker.

ReportedfreezeClaim 409

Cointelegraph reported that LlamaRisk said the exploiter deposited 60 million USDT into Aave and borrowed 19,762 WETH worth about $44.6 million at the time.

the Binance exploiter deposited 60 million USDT and borrowed 19,762 Wrapped Ether (WETH), worth about $44.6 million at the time.

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Not recorded
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Cointelegraph (News media)
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ReportedfreezeClaim 119

Cointelegraph reported that, according to Yi He, World Liberty Financial froze $27 million in USD1 and $2 million of WLFI, and that World Liberty Financial co-founder and CEO Zach Witkoff said USD1 had frozen the $27 million associated with the hack.

World Liberty Financial has frozen $27 million in US-dollar-pegged stablecoin USD1 and $2 million worth of WLFI, according to Binance co-founder Yi He. “USD1 has taken proactive steps to freeze the $27 million in USD1 associated with the Binance hack,” said World Liberty Financial co-founder and CEO Zach Witkoff.

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Not recorded
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Cointelegraph (News media)
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Reviewer note: Event time is the time Cointelegraph stamped its live-blog entry (10:36 pm UTC), not a time stated by the speaker.

ReportedfreezeClaim 120

Cointelegraph reported that Binance said the verified total of assets frozen had reached $2.54 billion, and that Binance said this clarified differing figures in circulation, including references to $1.8 billion.

Binance said the verified total of assets frozen in connection with the hack had reached $2.54 billion, clarifying differing figures circulating publicly, including references to $1.8 billion.

Speaker
Binance
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Cointelegraph (News media)
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ReportedfreezeClaim 344

Cointelegraph reported that Binance said the verified total frozen had reached $2.54 billion, clarifying differing figures circulating publicly including $1.8 billion.

the verified total of assets frozen in connection with the hack had reached $2.54 billion, clarifying differing figures circulating publicly, including references to $1.8 billion.

Speaker
Binance
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Cointelegraph (News media)
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ReportedfreezeClaim 121

Cointelegraph reported that, according to Ripple's Jack McDonald, Ripple was freezing RLUSD linked to the Binance hack and coordinating with relevant parties, without disclosing an amount.

Ripple is freezing holdings of its dollar-pegged RLUSD stablecoin linked to the Binance hack, according to Jack McDonald, the company’s senior vice president of stablecoins. McDonald said Ripple was “actively freezing affected funds” and coordinating with relevant parties to support the investigation. He did not disclose the amount frozen.

Speaker
Jack McDonald
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Cointelegraph (News media)
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Reviewer note: Event time is the time Cointelegraph stamped its live-blog entry (11:40 pm UTC), not a time stated by the speaker.

ReportedwithdrawalsClaim 122

Cointelegraph reported that Binance said it had temporarily suspended deposits while it conducts security checks, freezes funds and coordinates with law enforcement.

Binance said it has temporarily suspended deposits as it conducts security checks, freezes funds and coordinates with law enforcement.

Speaker
Binance
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Cointelegraph (News media)
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ReportedwithdrawalsClaim 343

Cointelegraph reported at 00:07 UTC on 30 October that Binance said it had temporarily suspended deposits.

deposits as it conducts security checks, freezes funds and coordinates with law enforcement. It previously confirmed it had suspended withdrawals.

Speaker
Binance
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Cointelegraph (News media)
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ReportedamountClaim 123

Cointelegraph reported that Chainalysis said its current estimate of the amount stolen from Binance is $5.912 billion at the time of theft.

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.

Speaker
Chainalysis
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Cointelegraph (News media)
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Reviewer note: Event time is the time Cointelegraph stamped its live-blog entry (12:26 am UTC), not a time stated by the speaker.

ReportedamountClaim 345

Cointelegraph reported that Chainalysis estimated the amount stolen at $5.912 billion at the time of theft.

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.

Speaker
Chainalysis
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Cointelegraph (News media)
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ReportedfreezeClaim 124

Cointelegraph reported that Binance said the current verified amount of assets frozen from the hack was $3 billion.

Binance said the current verified amount of assets frozen from the hack is now $3 billion.

Speaker
Binance
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Cointelegraph (News media)
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Reviewer note: Event time is the time Cointelegraph stamped its live-blog entry (12:52 am UTC), not a time stated by the speaker.

ReportedfreezeClaim 125

Cointelegraph reported that the Arbitrum Security Council said it executed a transaction to freeze $30.5 million, involving 74.6 million ARB and 8,425 ETH, and that the funds were transferred to an intermediary frozen wallet.

The update came after the Arbitrum Security Council said it executed a transaction to freeze $30.5 million from the Binance exploit, involving 74.6 million Arbitrum (ARB) and 8,425 Ether (ETH). “The Security Council acted by weighing its commitment to the security and integrity of the Arbitrum community and Arbitrum governance without impacting any Arbitrum users or applications,” it said. “As of October 30, 2026 time, the funds have been successfully transferred to an intermediary frozen wallet,” it said.

Speaker
Arbitrum Security Council
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Cointelegraph (News media)
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Reviewer note: Event time is the time Cointelegraph stamped its live-blog entry (12:52 am UTC), not a time stated by the speaker. Hacken and TRM give 00:08 UTC for the Arbitrum action itself.

ReportedwithdrawalsClaim 126

Cointelegraph reported that Binance said withdrawals remained paused while it completes a security revamp, with service expected to resume within 48 hours.

Binance said withdrawals remain paused while it completes a security revamp of its withdrawal service and related addresses, with service expected to resume within 48 hours.

Speaker
Binance
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Cointelegraph (News media)
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Reviewer note: Event time is the time Cointelegraph stamped its live-blog entry (4:17 am UTC), not a time stated by the speaker.

ReportedamountClaim 127

Cointelegraph reported that Chainalysis CEO Jonathan Levin said the hack was likely carried out by TraderTraitor and, in a post on X, put the theft at $6.4 billion.

Chainalysis co-founder and CEO Jonathan Levin said the Binance hack was likely carried out by North Korean hacking group TraderTraitor , citing links to a previous hack. In a post on X, Levin put the theft at $6.4 billion, slightly above Binance’s estimated $6.3 billion impact.

Speaker
Jonathan Levin
Publisher
Cointelegraph (News media)
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Reviewer note: Event time is the time Cointelegraph stamped its live-blog entry (5:01 am UTC), not a time stated by the speaker.

ReportedattributionClaim 128

Cointelegraph reported that onchain investigator ZachXBT said stolen funds from the Binance attack and the earlier Bitget exploit were commingled in the same address after arriving via THORChain.

In a separate post, onchain investigator ZachXBT said the stolen funds from the Binance attack and the earlier Bitget exploit were commingled in the same address on Friday, after arriving via THORChain.

Speaker
ZachXBT
Publisher
Cointelegraph (News media)
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Reviewer note: Event time is the time Cointelegraph stamped its live-blog entry (5:01 am UTC), not a time stated by the speaker.

ReportedattributionClaim 347

Cointelegraph reported that ZachXBT said Binance funds and Bitget funds were commingled in the same address, which he said indicates the same actor is likely behind both incidents.

“This indicates the same actor is likely behind both incidents,” he said.

Speaker
ZachXBT
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Cointelegraph (News media)
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ReportedattributionClaim 346

Cointelegraph reported that Richard Teng wrote that Binance's investigation has not attributed responsibility to any individual.

“Our investigation has not attributed responsibility to any individual,” he wrote.

Speaker
Richard Teng
Publisher
Cointelegraph (News media)
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Reportedroot causeClaim 129

Cointelegraph reported that Binance said its investigation had uncovered additional points of breach after initially pointing to a possibly compromised laptop, and that it remained on track to resume withdrawals in 45 hours.

Binance’s investigation into its $6.3 billion hack has uncovered “additional points of breach,” the exchange said , after initially pointing to a potentially compromised laptop. The exchange said it was still gathering facts in coordination with law enforcement. Binance said it remained on track to resume withdrawals in 45 hours, while deposits remained unaffected.

Speaker
Binance
Publisher
Cointelegraph (News media)
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Reviewer note: Event time is the time Cointelegraph stamped its live-blog entry (8:37 am UTC), not a time stated by the speaker.

ReportedotherClaim 130

Cointelegraph reported that Chainalysis said its investigators were observing never-seen-before laundering patterns with the stolen funds.

“Our investigators are observing never-seen-before laundering patterns with the stolen funds from the Binance exploit,” the company said . “Thousands of transactions in a short period suggest that the attackers are using automation to obscure the trail of funds.”

Speaker
Chainalysis
Publisher
Cointelegraph (News media)
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Reviewer note: Event time is the time Cointelegraph stamped its live-blog entry (10:09 am UTC), not a time stated by the speaker.

ReportedrecoveryClaim 131

Cointelegraph reported that Binance said it had set aside more than $6.34 billion in company funds to cover losses, of which $5 billion was already held in the same tokens affected by the attack.

Binance has set aside more than $6.34 billion in company funds to cover losses from the hack, the exchange said. The company said $5 billion of those funds were already held in the same tokens affected by the attack.

Speaker
Binance
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Cointelegraph (News media)
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Reviewer note: Event time is the time Cointelegraph stamped its live-blog entry (10:55 am UTC), not a time stated by the speaker.

ReportedreservesClaim 132

Cointelegraph reported that co-CEO Yi He said Binance was buying altcoins in quantities matching those stolen as it prepares updated proof of reserves.

Binance is buying altcoins in quantities matching those stolen in the hack as it prepares updated proof of reserves,

Speaker
Yi He
Publisher
Cointelegraph (News media)
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Reviewer note: Event time is the time Cointelegraph stamped its live-blog entry (11:07 am UTC), not a time stated by the speaker.

ReportedreservesClaim 133

Cointelegraph reported that a Binance spokesperson said the $5 billion in matching tokens is held in the exchange's custody and declined to disclose wallet addresses.

A Binance spokesperson told Cointelegraph that the $5 billion in matching tokens is held in the exchange’s custody. The spokesperson declined to disclose wallet addresses, citing security reasons.

Speaker
Binance spokesperson
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Cointelegraph (News media)
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Reviewer note: Event time is the time Cointelegraph stamped its live-blog entry (12:41 pm UTC), not a time stated by the speaker.

ReportedregulatorClaim 342

Cointelegraph reported that Binance said it submits weekly reports on company funds to Abu Dhabi's Financial Services Regulatory Authority under a requirement that predated the hack.

The exchange also said it submits weekly reports on company funds to Abu Dhabi’s Financial Services Regulatory Authority under a requirement that predated the hack.

Speaker
Binance
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Cointelegraph (News media)
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ReportedreservesClaim 474

Cointelegraph reported that a Binance spokesperson declined to disclose wallet addresses, citing security reasons, and that Binance did not disclose when it acquired the assets.

The spokesperson declined to disclose wallet addresses, citing security reasons. Binance did not disclose when it acquired the assets.

Speaker
Binance spokesperson
Publisher
Cointelegraph (News media)
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Reportedroot causeClaim 134

Cointelegraph reported that co-CEO Richard Teng said the attacker used an EIP-7702 delegation to gain execution authority over a hot wallet, and that the delegation did not pass through Binance's normal approval controls.

The attacker used an EIP-7702 delegation to gain execution authority over a hot wallet, Teng said. That delegation “did not pass through our normal approval controls.”

Speaker
Richard Teng
Publisher
Cointelegraph (News media)
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ReportedwithdrawalsClaim 135

Cointelegraph reported that co-CEO Richard Teng said Binance was aiming to resume withdrawals within 40 hours and publish a full proof-of-reserves report by Monday.

Binance is aiming to resume withdrawals within 40 hours and publish a full proof-of-reserves report by Monday, co-CEO Richard Teng [said]

Speaker
Richard Teng
Publisher
Cointelegraph (News media)
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Reviewer note: Event time is the time Cointelegraph stamped its live-blog entry (2:34 pm UTC), not a time stated by the speaker.

Reportedroot causeClaim 340

Cointelegraph reported that Richard Teng said the attacker used a self-destruct mechanism to destroy tools and traces, complicating the investigation.

Teng also disclosed that the attacker used a “self-destruct mechanism” to destroy tools and traces during the breach, complicating the investigation.

Speaker
Richard Teng
Publisher
Cointelegraph (News media)
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ReportedotherClaim 112

Cointelegraph reported that blockchain researcher Spreek first raised concerns, posting on X that assets from a Binance-linked Ethereum wallet had been moved to a newly created address through a contract call allegedly funded by Tornado Cash.

Concerns were first raised by blockchain researcher Spreek, who posted on X that assets from a Binance-linked Ethereum wallet had been transferred to a newly created address through a contract call allegedly funded by Tornado Cash.

Speaker
Spreek
Publisher
Cointelegraph (News media)
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ReportedamountClaim 113

Cointelegraph reported that Arkham Intelligence identified wallets labeled binance-hacker-1029 holding approximately $5.84 billion, and noted that this is the wallets' reported holdings, not a confirmed estimate of stolen funds.

Blockchain analytics platform Arkham Intelligence later identified a collection of wallets labeled “binance-hacker-1029” holding approximately $5.84 billion in digital assets. The figure represents the wallets’ reported holdings rather than a confirmed estimate of stolen funds.

Speaker
Arkham Intelligence
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Cointelegraph (News media)
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ReportedfreezeClaim 114

Cointelegraph reported that Changpeng Zhao said the activity appeared to be a hack and that Tether and Circle had frozen approximately $971 million and $823 million respectively.

Binance co-founder Changpeng Zhao said the activity appeared to be a hack, adding that Tether and Circle had frozen approximately $971 million and $823 million, respectively. Zhao said he expected all user funds to be fully covered.

Speaker
Changpeng Zhao
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Cointelegraph (News media)
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ReportedfreezeClaim 115

Cointelegraph reported that Circle CEO Jeremy Allaire said Circle had frozen more than $800 million in USDC in coordination with law enforcement.

Circle CEO Jeremy Allaire said the company had frozen more than $800 million in USDC in coordination with law enforcement and would continue supporting the investigation.

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Jeremy Allaire
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Cointelegraph (News media)
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ReportedfreezeClaim 116

Cointelegraph reported that Tether CEO Paolo Ardoino said Tether had frozen more than $1.567 billion in USDT linked to the potential exploit.

Tether CEO Paolo Ardoino said the company had frozen more than $1.567 billion in USDT linked to the potential exploit.

Speaker
Paolo Ardoino
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Cointelegraph (News media)
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ReportedamountClaim 117

Cointelegraph reported that Blockaid said it had identified roughly $3.3 billion in suspicious transfers involving Binance-linked wallets across Ethereum, Arbitrum and Avalanche.

Blockchain security firm Blockaid said its team had identified roughly $3.3 billion in suspicious transfers involving Binance-linked wallets across Ethereum, Arbitrum and Avalanche.

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Not recorded
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Cointelegraph (News media)
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