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Binance Probes Suspected Hot-Wallet Drain of Billions; Issuers Freeze $2.3B as AI-Angle Rumors Go Unsourced

Binance Probes Suspected Hot-Wallet Drain of Billions; Issuers Freeze $2.3B as AI-Angle Rumors Go Unsourced

Photo: Forkast

Binance is currently investigating a potential security breach involving a massive movement of digital assets from its systems. The incident, which began on October 29, 2026, has prompted the exchange to pause withdrawals as it reviews the situation, according to TechCrunch. If the suspected theft is confirmed, it would represent the largest cryptocurrency hack in history, surpassing the $1.5 billion stolen from Bybit in February 2025. In a statement to BleepingComputer , a Binance spokesperson confirmed: “Our teams are aware of reports of a potential security issue and are actively investigating.

Source: Forkast

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