Binance hot wallets were drained on Oct 29 in about 20 minutes, with around $6.3B moved across chains in unauthorized withdrawals. Binance says entry may have been a compromised DevOps engineer's laptop reaching a service container, not a one-click action, with no wallet private key leak found so far.

Binance hot wallets were drained on Oct 29 in about 20 minutes, with around $6.3B moved across chains in unauthorized withdrawals. Binance says entry may have been a compromised DevOps engineer's laptop reaching a service container, not a one-click action, with no wallet private key leak found so far.

About $3B is frozen on-chain so far, up from $2.54B verified on Oct 29 (Binance) to around $3B on Oct 30 (Binance). That includes over 1.567B USDT frozen by Tether and over 800M USDC frozen by Circle, plus Ripple, WLFI and Arbitrum freezes.

That leaves roughly $3.3B still movable. On-chain tallies cited around $5.6-6.01B taken, including BTC, ETH, TRX and stablecoins.

Binance and CEO Richard Teng say user funds are safe and all losses will be covered from the SAFU fund and company funds. Binance Deposits are normal, withdrawals remain paused for a withdrawal-service revamp expected within 48 hours, by about Nov 1. Binance