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An independent record of the October 2026 Binance hack
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The bulk of the Binance heist unfolded in around 20 minutes beginning late on Thursday and bore similarities to previous large attacks blamed on North Korea, according to US blockchain analysis firms TRM Labs and Chainalysis.
Stablecoin issuer Tether said it froze nearly $1.57 billion in assets linked to the incident, while Circle froze more than $800 million.
Abu Dhabi's Financial Services Regulatory Authority, which issued Binance's main operating license, said it is "engaging closely with Binance and monitoring the incident."
The Secret Service said that its investigators "are working around the clock with our private-sector partners, including Circle, to identify, freeze, trace and recover funds stolen from Binance on Thursday."
The FBI said it is "aware of the incident and is engaged with relevant public and private partners to understand the scope of the activity, evaluate potential impacts, and coordinate appropriate investigative steps."
US President Donald Trump, asked on Friday whether North Korean hackers were behind the theft, said he did not know but his administration is looking into it.