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Binance 'hacked' as $2.7bn 'drained' from wallets on crypto exchange – live

Binance 'hacked' as $2.7bn 'drained' from wallets on crypto exchange – live
Daily Mirror Thursday 29 October 2026, 22:03 UTC By [email protected] (Rucsandra Moldoveanu) 2 min read
Key Points

Binance 'hacked' as $2.7bn 'drained' from wallets on crypto exchange – live Binance said it is aware of the concerning reports of a 'potential security issue' and its teams are 'actively investigating' Billions has reportedly been drained from Binance accounts as the cryptocurrency exchange is thought to have been hacked. A total of $2.8bn (£2billion) was suddenly withdrawn from Binance accounts today, with more than $2billion in Ethereum (ETH) and tokens sent to an address created just...

Binance 'hacked' as $2.7bn 'drained' from wallets on crypto exchange – live Binance said it is aware of the concerning reports of a 'potential security issue' and its teams are 'actively investigating' Billions has reportedly been drained from Binance accounts as the cryptocurrency exchange is thought to have been hacked. A total of $2.8bn (£2billion) was suddenly withdrawn from Binance accounts today, with more than $2billion in Ethereum (ETH) and tokens sent to an address created just hours earlier. In a statement, Binance said: "Our teams are aware of reports of a potential security issue and are actively investigating. At this stage, we have not confirmed any impact to user funds. "Our security teams are reviewing all relevant information with urgency, and we will provide updates through official Binance channels as soon as we have verified information. Users should remain cautious of scams and should not trust unofficial links, messages, or requests for account information." Key Events User funds 'safe', says co-founder Binance co-founder Changpeng Zhao has claimed user funds are safe. He said: "User funds are safe! It does look like a hack on Binance. "Appreciate the quick freeze from Tether (~$971m) and Circle (~$823m). "I don't manage Binance (.com) anymore, but as a shareholder, I expect all user funds will be fully covered." What is Binance? Binance is the largest cryptocurrency exchange in terms of daily trading volume of cryptocurrencies. It is a global blockchain ecosystem that allows users to trade and store their digital assets. It was founded in 2017 by Changpeng Zhao and Yi He, with its headquarters initially based in China. The company then moved to Japan, then Malta, but currently has no official headquarters. Binance issues statement Binance said: "Our teams are aware of reports of a potential security issue and are actively investigating. At this stage, we have not confirmed any impact to user funds. "Our security teams are reviewing all relevant information with urgency, and we will provide updates through official Binance channels as soon as we have verified information. Users should remain cautious of scams and should not trust unofficial links, messages, or requests for account information."
Binance (PERSON) Ethereum (LOCATION) Changpeng Zhao (PERSON) Tether (ORG) Circle (PERSON) Yi He (PERSON) China (LOCATION) Japan (LOCATION) Malta (LOCATION)
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