{
  "id": 17247961,
  "title": "Binance TH pauses crypto transfers, says Thai funds safe after hack",
  "url": "https://urgent.news/2026/10/30/binance-th-pauses-crypto-transfers-says-thai-funds-safe-after-hack",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-30T05:09:11.000Z",
  "source": {
    "name": "The Thaiger",
    "slug": "the-thaiger",
    "url": "https://thethaiger.com/news/business/binance-th-pauses-crypto-transfers-after-hack"
  },
  "original_language": "en",
  "account": "Legacy Binance TH, the Thai cryptocurrency exchange operated by Gulf Binance, has temporarily halted deposits and withdrawals of digital assets following a cyberattack on the global Binance exchange on October 29. The company assured its customers that their assets are secure and that trading and other services continue as usual. Gulf Binance explained that the action is a precautionary measure and deposits/withdrawals will resume once their security team completes a thorough review, though no specific date was provided. The venture is a joint effort between Gulf Innova (an affiliate of Gulf Energy Development) and Binance Capital Management, holding Thai licenses for digital asset exchange and brokerage under the Securities and Exchange Commission (SEC) supervision. There is no public statement from the SEC regarding the incident. Estimates place the attack's impact at approximately US$6.3 billion, while blockchain analysis firm Chainalysis reported a theft around US$5.9 billion. Binance initially identified a compromised laptop belonging to a DevOps engineer as the likely entry point, with no evidence of a leaked wallet private key. The exchange suspended withdrawals across multiple networks as a precaution and pledged to cover hacking losses using its SAFU emergency fund (US$1 billion in bitcoin) and company funds. Stablecoin issuers froze nearly US$3 billion of the transferred assets. Security firms Blockaid and TRM Labs speculated North Korean involvement, naming the TraderTraitor group, though Binance has not disclosed the perpetrator. Bitcoin dropped 4.8% to below US$77,000 while BNB, the Binance token, fell 8%. The Thai exchange's last breach occurred in July when the SEC filed a criminal complaint against Bitkub for allegedly concealing a 2021 hack worth about 1.7 billion baht; Bitkub maintains that customers' assets remained secure. Binance TH account users can still trade but cannot send crypto in or out of the platform until the review concludes.",
  "summary": "Gulf Binance says Binance TH keeps its cold wallets apart from the global exchange, and trading still works while deposits and withdrawals of crypto are paused for a security check. The story Binance TH pauses crypto transfers, says Thai funds safe after hack as seen on Thaiger News .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}