Binance freezes billions after massive crypto breach

Community Trust Score Verified 91 % Real Verified 11 votes Updated 5 minutes ago Binance confirmed a security breach affecting approximately $6.3 billion in cryptocurrency on October 30, an incident that exceeds the scale of the $1.5 billion theft from Bybit in February 2025. The exchange stated that approximately $3 billion in affected assets had been frozen on-chain through coordination with blockchain partners. At approximately 00:30 GMT on October 30, Binance announced the temporary suspension of deposits and withdrawals. The exchange said its teams were conducting security checks, freezing funds, and coordinating with law enforcement agencies.

Source: The Currency Analytics