Statements

Bitquery also traced 508,621 Ether (ETH) to the attackers as of the same Friday snapshot, exceeding the 495,362 ETH that BitcoinTreasuries.net attributes to The Ether Machine, which ranks third on its list of corporate Ether holders.

Bitcoin stemmed losses after dropping to $76,320 as markets processed details of a $6.3 billion hack on Binance.

Yesterday, hackers stole more than $6 billion from Binance in less than 4 hours, the biggest heist in history.

"This incident is almost certainly the single-largest-known theft of any kind," British blockchain analysts Elliptic said.

Binance said it has set aside around $6.34 billion of company funds internally to cover the losses.

Binance, the world's biggest cryptocurrency exchange, worked on Friday to shore up public confidence after a record $6.3 billion hack of its platform, promising it would cover all losses from company funds and allow clients to trade again within days.

Avalanche and Polygon were hit at 23:05, about half an hour after Binance had confirmed the incident and paused withdrawals.

23:05 | Second wave: Binance wallets on Avalanche and Polygon send funds.

A second wave around 23:05 UTC reached Binance wallets on Avalanche and Polygon.

However, it should be noted that Arkham's $5.78 billion figure is the value of assets held across all tracked wallets, rather than a confirmed amount stolen from Binance.

Cryptocurrency exchange Binance is investigating a potential security breach involving up to $5.8 billion in digital assets

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

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.

CertiK engineer Dickson Wu traced $500 million in USDT that was sent to one address, with $325 million sold to market makers for ETH by 20:59 UTC, less than an hour after the hack began.

At 20:41:23 the operator used the still-delegated Binance 14, which owns the Circle smart account Binance Hot Wallet 34 , to move 780M USDC from that account to the collection address, followed by another 43M USDC.

Unconfirmed, but possibly massive binance hack. Entire Binance wallet drained into new EOA. Contract call was funded by Tornado Cash

At 20:24:23 (3 minutes 24 seconds after the delegation), in block 26,300,770, the operator called Binance 14.

At 20:24:23, three minutes and 24 seconds later, the operator called sweep on Binance 14 (transaction ), sending 167,464 ETH, 1.615B USDT, and about 60 other tokens to a collection address with no prior history, 0x5227f603C1eE34CE3C06eFe6477003BDfCCB2f8c . Binance 14 was left with 1 ETH. At prices at the time, the basket was worth about $2.5B.

Ethereum sits in the middle of this sequence: at 20:24, one transaction moved about $2.53B out of a single wallet.

Around 4:20 p.m. ET on October 29, 2026, funds began leaving Binance hot wallets across multiple blockchains. Unauthorized transfers totaled approximately $6.4 billion, the largest theft in crypto history.

At 20:20 UTC, a Binance Bitcoin hot wallet sent 18,270 BTC to an attacker address, which began splitting the funds into round 1,000 BTC and 100 BTC pieces inside the same block.

At 20:20 a Bitcoin hot wallet sent out 18,270 BTC, and a Tron wallet sent more than 600 million USDT right after that.

At around 2026-10-29 20:05 (UTC), our hot wallets were compromised, resulting in a loss of approximately $6.3B USD worth of token assets.

Between 20:05 and 20:09 UTC, five Binance wallets sent 233.46 million XRP to a single attacker address, leaving each wallet with only its minimum balance.

The first transfers came at 20:05 UTC on the XRP Ledger, where five Binance wallets sent 233 million XRP to a single address.