Hacking News
Binance hot wallet suspected hack leads to $2.8B frozen by Tether and Circle
Bitcoin fell to $78,297 on Oct. 29 as Binance investigated a potential security breach. Tether froze about $1.57 billion and Circle froze roughly $823 million, totaling around $2.39 billion linked to the incident. On‑chain watchers reported roughly $2.8 billion in transfers across five chains that remain unreconciled. Binance announced it is aware of reports and is actively investigating the issue. The activity was flagged by analyst Spreek and traced to an address associated with Tornado Cash.