POPA ReconUPDATE: Binance co-founder Changpeng Zhao said user funds are safe and that the activity "does look like a hack on Binance."
Source reports
- UPDATE: Binance co-founder Changpeng Zhao said user funds are safe and that the activity "does look like a hack on Binance." Zhao, who no longer manages Binance, said he expects all user funds to be fully covered. He also thanked Tether and Circle for freezing about $971 million… — @TheBlockCo (X), Oct 29, 2026, 21:25 UTC
- Binance has suffered what appears to be one of the largest exchange hacks in crypto history. according to @hypurrdash, roughly $5.6 billion in assets were drained across multiple blockchains. the interesting part is how quickly stablecoin issuers responded. Tether has reportedly… — @MaisonGhost (X), Oct 29, 2026, 21:44 UTC
- Posibil hack la Binance: pierderile ar putea ajunge la 5,5 miliarde de dolari. Tether și Circle intervin pentru blocarea fondurilor Changpeng Zhao (CZ), fondatorul Binance, a reacționat la transferurile suspecte din portofelele platformei, afirmând că acestea par să indice un… — @CryptoAici (X), Oct 29, 2026, 22:17 UTC
- So far. Tether has reportedly frozen $971 million in USDT. Circle has reportedly frozen $823 million in USDC. That’s approximately $1.8 billion frozen, although frozen does not mean recovered. Binance also maintains its SAFU emergency fund, valued at approximately $1 billion or… — @SimonDixonTwitt (X), Oct 29, 2026, 22:17 UTC
Excerpts are quoted from the linked sources, which own their text.