Binance confirmed a hot wallet hack starting around 20:24 UTC on Oct 29, 2026, first sweeping Binance 14 in 0x53bd…e2f3 for about 167,464 ETH plus 1.615B USDT and 60+ other tokens to 0x5227…2f8c, followed by 28,000 ETH and 780M USDC moves. Early reports described a Tornado Cash funded address and EIP-7702 delegation minutes before.

Binance confirmed a hot wallet hack starting around 20:24 UTC on Oct 29, 2026, first sweeping Binance 14 in 0x53bd…e2f3 for about 167,464 ETH plus 1.615B USDT and 60+ other tokens to 0x5227…2f8c, followed by 28,000 ETH and 780M USDC moves. Early reports described a Tornado Cash funded address and EIP-7702 delegation minutes before.

Binance puts total impact at around $6.3B, with trackers citing about $5.6B to $5.91B across Ethereum, Bitcoin, Tron and other chains, including 18,270 BTC and Tron assets (post).

About $3B is now frozen onchain with partners, up from $2.54B verified late Oct 29, including over $1.567B USDT frozen by Tether and about $823M USDC by Circle (post). Arbitrum Security Council also moved to freeze 74,559,805 ARB and 8,425 ETH tied to the hack.

Binance says a compromised DevOps engineer laptop gave access to a service container to submit unauthorized withdrawals, with no wallet private key leak found so far, authorization revoked, deposits and withdrawals suspended, working with law enforcement, and all losses covered via SAFU and company funds with user funds safe (post). CZ separately posted it "does look like a hack" and that user funds are safe.

Market impact was a sharp dip with BTC reported under $79k, at points under $77k, over $170B wiped from crypto market, BNB about $717.81 on Binance spot down about 4.4% in 24h, and reports of about $627M to $629M liquidated in an hour and $1.11B over 24h. Total crypto market cap is now about $2.62T, down 1.9% in 24h, Fear 37.