Binance investigating hack as suspicious outflows reach up to $5.8 billion

Onchain data shows about $3.55 billion in incoming transfers to the unlabeled wallet, with nearly $900 million subsequently moved across other wallets.

Markets•October 29, 2026, 5:48PM EDT
Binance investigating hack as suspicious outflows reach up to $5.8 billion

Quick Take

  • Onchain data flagged by analyst Spreek shows about $3.55 billion in incoming transfers to the unlabeled wallet.
  • Tether CEO Paolo Ardoino said the stablecoin firm froze more than 1.567 billion USDT.

Quick Take

  • Onchain data flagged by analyst Spreek shows about $3.55 billion in incoming transfers to the unlabeled wallet.
  • Tether CEO Paolo Ardoino said the stablecoin firm froze more than 1.567 billion USDT.
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