Crypto worth billions frozen over 'potential security issue'

Sky News Thursday 29 October 2026, 23:40 UTC 1 min read

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Binance crypto platform suspends trades amid suspected hack October 30, 2026The world's largest cryptocurrency platform, Binance, confirmed on Thursday that it was investigating a potential security breach. "It does look like a hack on Binance," said former company chief Changpeng Zhao, who remains a major shareholder. Some $2.5 billion (€2.8 billion) had been frozen in response to the suspected hack.

Deutsche Welle 6m ago

Crypto giant Binance freezes $2.5bn of assets over suspected hack

The firm said transactions are suspended while it conducts security checks and will "cover all losses".

BBC News 14m ago

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CNBC 23m ago

Crypto giant Binance freezes $2.5bn of assets over suspected hack

The firm said deposits and withdrawals are suspended while its teams conduct security checks and will "cover all losses".

BBC Business 23m ago

Crypto worth billions frozen over 'potential security issue'

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Crypto giant Binance freezes $2.5bn of assets over suspected hack