Statements

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

We are actively investigating the potential exploit of Binance in coordination with industry partners. At present we are monitoring funds moving across multiple blockchains, including Bitcoin, Ethereum, Tron, and a number of L2s, and will support Binance throughout this

22:10 | World Liberty Financial freezes 27.8M USD1.

World Liberty Financial froze the 27.8 million USD1 in the main receiving wallet at 22:10 UTC, and froze USD1 in the compromised Binance hot wallet at 22:26 UTC.

* Tether: blacklisted Binance 14 itself at 22:06. * Ripple and World Liberty: froze RLUSD and USD1 in the hot wallet by 22:26. * Circle: froze Binance’s compromised wallets from 23:53.

Tether: blacklisted Binance 14 itself at 22:06.

UPD: This is related to the Polymarket security incident, not Binance.

22:01 | Ripple freezes 40.5M RLUSD.

Ripple froze the wallet holding the stolen RLUSD at 22:01 UTC, with 40.5 million of the 88.5 million RLUSD still inside.

inside job /exit strategy.

For its part, Binance.US was not affected by the reported incident. "We are a separate, independent platform, and customer funds and services are secure and operating normally," the firm said . "Rest assured, all user funds are safe."

At 21:44 it swept Binance 14 again for 200M USDT and 13 other tokens deposited since the first sweep.

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.

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

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.

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.

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.

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.

Stablecoin issuers began freezing funds by 5:14 p.m. ET on October 29

But the industry caught up with them more quickly than they expected: by 5:14 pm eastern the freezes started.

Another count dates the first freezes at 21:14.

Tether froze 975.1 million USDT in the main receiving address, and Circle, issuer of the rival stablecoin USDC, froze 823 million USDC in the same wallet at 21:04 UTC, bringing the total frozen to about $1.8 billion.

Circle froze the 823 million USDC in the main receiving wallet at 21:04 UTC, in coordination with law enforcement.

21:04 | Circle freezes 823M USDC.

Tether, USDT | Ethereum | 21:01:35 | 37 min | 971.1 million at freeze, about 1.18 billion by later reads as sweeps kept landing in the frozen hub