{
  "id": 17148224,
  "title": "Binance halts withdrawals amid $5.3 bln crypto hack",
  "url": "https://urgent.news/2026/10/29/binance-halts-withdrawals-amid-5-3-bln-crypto-hack",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T23:35:33.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/cryptocurrency-news/binance-halts-withdrawals-after-53-bln-hack-4985601"
  },
  "original_language": "en",
  "account": "On Thursday, Binance, the world's largest cryptocurrency exchange, announced it had suspended withdrawals following a series of reports that user funds were being drained from the platform. According to data aggregator Glassnode, hackers siphoned off approximately $5.3 billion worth of assets. The exchange has not independently verified the reported loss figure. Binance officials explained that their team was actively investigating the security breach and that withdrawals would resume once the issue was resolved.\n\nA Binance spokesperson assured investors that user funds remained secure. Glassnode data revealed that $1.66 billion in stablecoin USDT, 17,985 Bitcoin worth around $1.45 billion, and $767 million in stablecoin USDC were compromised in the attack. Ether and various other smaller altcoins were also affected.\n\nIf verified, this incident would be the most significant crypto hack on record. USDC operator Circle reported that over 800 million USDC were frozen in response to the hack, while Tether froze over 1.567 billion USDT. Changpeng Zhao, Binance's co-founder and former CEO, confirmed on social media that the event appeared to be a hack of the platform.\n\nFollowing the news of the hack, Bitcoin and broader crypto assets experienced a decline, extending losses from the previous week. Bitcoin's price dropped 3.2% to $78,712.0, while Ether fell 3.9% to $2,267.55. Binance's native token BNB also saw a 7% decrease, trading at $706.51. Glassnode data noted that Binance's BNB balance remained unaffected.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 12,
    "also_reported_by": [
      {
        "outlet": "CoinDesk",
        "title": "Multi-billion Binance hack hitting crypto markets",
        "url": "https://urgent.news/2026/10/29/multi-billion-binance-hack-hitting-crypto-markets",
        "published": "2026-10-29T21:12:45.000Z"
      },
      {
        "outlet": "Hindustan Times - World News",
        "title": "Crypto giant Binance investigating security concerns amid reports of hack: 'User funds are completely safe'",
        "url": "https://urgent.news/2026/10/29/crypto-giant-binance-investigating-security-concerns-amid-reports-of",
        "published": "2026-10-29T21:44:36.000Z"
      },
      {
        "outlet": "Slashdot",
        "title": "Multi-Billion Binance Hack Hitting Crypto Markets",
        "url": "https://urgent.news/2026/10/29/multi-billion-binance-hack-hitting-crypto-markets-17137784",
        "published": "2026-10-29T22:00:00.000Z"
      },
      {
        "outlet": "Forbes",
        "title": "Binance Says User Funds Are ‘Completely Safe’ Following ‘Potential Security Issue’",
        "url": "https://urgent.news/2026/10/29/binance-says-user-funds-are-completely-safe-following-potential",
        "published": "2026-10-29T22:14:01.000Z"
      },
      {
        "outlet": "Cointelegraph",
        "title": "Binance hack rattles crypto markets as BNB falls 7%, Bitcoin slides",
        "url": "https://urgent.news/2026/10/29/binance-hack-rattles-crypto-markets-as-bnb-falls-7-bitcoin-slides",
        "published": "2026-10-29T23:24:21.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Suspected billion-dollar Binance hack sends fear through crypto",
        "url": "https://urgent.news/2026/10/29/suspected-billion-dollar-binance-hack-sends-fear-through-crypto",
        "published": "2026-10-29T23:30:00.000Z"
      },
      {
        "outlet": "Axios",
        "title": "Binance probes possible $5.7 billion crypto hack, possibly the biggest in history",
        "url": "https://urgent.news/2026/10/29/binance-probes-possible-5-7-billion-crypto-hack-possibly-the-biggest",
        "published": "2026-10-29T23:47:55.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "[UPDATED] Crypto platform Binance confirms major hack, more than US$2.5bil frozen",
        "url": "https://urgent.news/2026/10/29/updated-crypto-platform-binance-confirms-major-hack-more-than-us-2",
        "published": "2026-10-29T23:53:52.000Z"
      },
      {
        "outlet": "Arutz Sheva - Israel National News",
        "title": "Crypto firms freeze billions amid suspected Binance hack",
        "url": "https://urgent.news/2026/10/30/crypto-firms-freeze-billions-amid-suspected-binance-hack",
        "published": "2026-10-30T00:05:10.000Z"
      },
      {
        "outlet": "RTHK News - Finance",
        "title": "Crypto platform Binance confirms major hack",
        "url": "https://urgent.news/2026/10/30/crypto-platform-binance-confirms-major-hack",
        "published": "2026-10-30T00:07:42.000Z"
      },
      {
        "outlet": "Ajel English",
        "title": "Binance sees $5.9 billion outflow amid reports of major crypto breach",
        "url": "https://urgent.news/2026/10/30/binance-sees-5-9-billion-outflow-amid-reports-of-major-crypto-breach",
        "published": "2026-10-30T00:18:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}