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Binance hot wallet hacked, $2.7B stolen; $2.83B frozen, Binance to cover losses

Market News
30 Oct 2026, 04:50 WIB
CryptoTicker
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Bearish
Binance hot wallet hacked, $2.7B stolen; $2.83B frozen, Binance to cover losses

On October 29, 2026, an attacker exploited Binance's hot wallet using a new Ethereum transaction type, stealing about $2.7 billion in seconds. Over $2.83 billion of the stolen funds, mostly stablecoins, have been frozen, limiting the attacker's access to roughly $600 million in Ethereum and other tokens. Binance confirmed the hack, assured user funds are safe, and will cover all losses while suspending deposits and withdrawals temporarily. The incident highlights new security risks with wallet signature delegations, prompting Binance and others to review their systems as the attacker’s moves remain publicly traceable.

Following the Binance hack, BNB on Pluang is trading at Rp12.752.656 as of Oct 30, 2026 09:01 WIB. The token has declined 6.02% in the last day, reflecting market reactions to the security breach. Pluang data shows a 63% sell order activity, indicating cautious sentiment among investors.

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