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The Binance Hack

An independent record of the October 2026 Binance hack

All briefings

Briefing for 2026-11-06

Generated . Each line is a statement somebody made, not a finding of this site.

  1. Reportedclaim Decrypt reported that Chainalysis said that as of Nov 2, over $1B in ETH and ~$1.42 billion in BTC stolen from Binance have seen limited onward movement since the theft.

    Decrypt. Original

  2. Reportedclaim Cointelegraph reported that Binance said on Tuesday on X that by 03:00 UTC it was seeing hourly deposits exceed withdrawals, reflecting improving user activity and stabilizing flows.

    Cointelegraph. Original

  3. Reportedclaim The Guardian reported that former Binance CEO Changpeng Zhao warned that crypto scammers are now in overdrive, circulating screenshots of fake recompense schemes that promise $150 in free compensation for withdrawal suspensions.

    The Guardian. Original

  4. Reportedclaim The Guardian reported that Yi He, co-founder of Binance, said the company's top priority was to ensure the environment is secure, after which users can withdraw their funds and Binance can resume operations.

    The Guardian. Original

  5. Reportedclaim Changpeng Zhao said he had not spoken with President Donald Trump or other U.S. officials about the incident, but that Binance and the broader crypto industry would welcome government assistance.

    The Block. Original

  6. Reportedclaim BBC News reported that US crime agencies, including the Federal Bureau of Investigation (FBI) and Secret Service, have been assisting Binance in tracing the crypto taken from the platform's own wallets.

    BBC News. Original

  7. Reportedclaim Cointelegraph reported that Reuters reported on Thursday, citing people familiar with the matter, that officials from the Federal Reserve and Office of the Comptroller of the Currency (OCC) began contacting banks on Monday to ask about unusual activity or service disruptions.

    Cointelegraph. Original

  8. Reportedclaim Cointelegraph reported that, according to Reuters, banks have been assessing the hack and checking their systems to figure out whether they could absorb or manage similar threats.

    Cointelegraph. Original

  9. Reportedclaim Cointelegraph reported that Reuters noted that a cybersecurity team at one of the largest US banks contacted Binance within hours of the hack.

    Cointelegraph. Original

  10. Reportedclaim Cointelegraph reported that a Binance spokesperson confirmed with Cointelegraph that the exchange shared its publicly released incident report with all its banking partners and was not aware of any vulnerabilities affecting them.

    Cointelegraph. Original

  11. Reportedclaim Cointelegraph reported that a Federal Reserve spokesperson told Cointelegraph that the agency had nothing to share regarding the reported inquiries.

    Cointelegraph. Original

  12. Officialclaim Binance said it continues to make progress restoring the withdrawal services and will reopen withdrawals for the assets listed below, beginning at 2026-11-06 04:00 (UTC).

    Binance. Original

  13. Officialclaim Binance published an update titled: Security Incident | Recovery Update #7: 98% of Stolen Assets Replenished and New PoR Snapshot With Expanded Coverage (2026-11-04)

    Binance. Original

  14. Officialclaim Binance announced that it will reopen withdrawals for specific assets beginning at 2026-11-05 04:00 (UTC).

    Binance. Original

  15. Officialclaim Binance stated that the reopening of withdrawals will roll out progressively as security and readiness checks are completed, while deposit services remain open.

    Binance. Original

  16. Officialclaim Tether said it froze more than $1.5 billion in USD₮ within 30 minutes of the 29 October Binance hack, keeping those funds out of the reach of North Korea.

    Tether. Original