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

BBC Technology Friday 30 October 2026, 00:37 UTC 1 min read

Key Points

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

Binance (ORG)

Originally published by BBC Technology Read original →

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Binance crypto platform suspends trades amid suspected hack

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.

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