Binance hot wallets were drained on Oct 29 around 20:24 UTC, in tx 0x53bd…38e2 from Binance 14 0x28c6…1d60 to fresh wallet 0x5227…2f8c, initially estimated at about $2.5B across 60+ tokens on Ethereum, later put at about $5.6B across Ethereum, Bitcoin and Tron.

Binance hot wallets were drained on Oct 29 around 20:24 UTC, in tx 0x53bd…38e2 from Binance 14 0x28c6…1d60 to fresh wallet 0x5227…2f8c, initially estimated at about $2.5B across 60+ tokens on Ethereum, later put at about $5.6B across Ethereum, Bitcoin and Tron.

The forwarded "user funds are safe" claims come from Binance at 21:29 UTC, saying teams are aware of reports of a potential security issue and investigating and that user funds are completely safe, and from CZ at 21:15 UTC: "User funds are safe! It does look like a hack on Binance," expecting full coverage as shareholder.

CZ thanked Tether (~$971m) and Circle (~$823m) for freezes; Tether CEO later said Tether froze more than 1.567B USDT related to a potential Binance hack, with reports of $823M USDC frozen and about $2.38B frozen in total.

BNB is quoted by Binance spot at $706.16, down about 6.7% in 24h, in line with other venues around $705.6 to $706.5.