Binance was drained on Oct 29 between about 20:24 and 20:44 UTC, with around $6.3B moved out of hot wallets across chains in about 20 minutes, largely ETH, USDT and USDC to fresh addresses then pushed onward.

Binance was drained on Oct 29 between about 20:24 and 20:44 UTC, with around $6.3B moved out of hot wallets across chains in about 20 minutes, largely ETH, USDT and USDC to fresh addresses then pushed onward.

Binance says entry was a compromised DevOps engineer laptop reaching a service container to submit unauthorized withdrawals, with no private key leak found so far, and a full post-mortem still pending (Binance).

Frozen so far is around $3B, up from $2.54B on Oct 29 (Binance) to around $3B on Oct 30 (Binance), including over 1.567B USDT by Tether and over 800M USDC by Circle plus Ripple, WLFI and Arbitrum freezes.

Binance says user funds are safe and all losses will be covered from SAFU and company funds (Binance). Deposits are normal, withdrawals remain paused pending a withdrawal revamp expected within 48 hours, by about Nov 1 (Binance.)