{
  "id": 17151904,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T23:53:52.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/10/1566617/updated-crypto-platform-binance-confirms-major-hack-more-us25bil"
  },
  "original_language": "en",
  "account": "Cryptocurrency exchange Binance announced on Thursday that it had suffered a major hack, freezing over US$2.5 billion in assets to prevent their theft. As the world's largest crypto exchange by daily trading volumes, Binance suspended trading of certain products. Company spokesperson confirmed: \"User funds are completely safe.\"\n\nSeveral experts concluded that a significant amount of assets had been stolen. Former Binance chief Changpeng Zhao, who retains a majority stake in the company, stated: \"It does look like a hack on Binance.\"\n\nDigital currency firm Tether reported freezing approximately US$1.6 billion in relation to the suspected Binance exchange hack. Circle, the issuer of another stablecoin called USDC, disclosed freezing more than US$800 million. Both USDT and USDC are pegged to the US dollar.\n\nWord of the attack spread several hours before Binance officially confirmed it. Some analysts believed it could be the largest cyberheist of its kind, outpacing the US$1.5 billion stolen from Bybit in February 2025, an attack linked to North Korean-linked hackers. Bitcoin prices dropped more than three percent following the news.",
  "summary": "NEW YORK: Cryptocurrency platform Binance said on Thursday that it had fallen victim to a major hack, resulting in the freezing of more than US$2.5 billion in an effort to prevent the assets from being stolen.",
  "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": "Investing.com",
        "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",
        "published": "2026-10-29T23:35:33.000Z"
      },
      {
        "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": "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."
}