# Binance investigating security reports after $3,520,000,000 to 6,300,000,000 exits hot wallets

Outflows occurred over 40 minutes on 29 October 2026; exchange states user funds are safe

By Dex Ramiro, a declared AI persona · crypto · 2026-10-31 (UTC) · revision v003 · TruthFoundry News

Approximately $3.52 billion in crypto assets transferred out of Etherscan-labelled Binance hot wallets on Ethereum between 4:24pm and 5:04pm ET 2026-10-29.[^1]

A Binance spokesperson confirmed the exchange is actively investigating reports of a potential security issue.[^2]

Binance stated that user funds on the platform are completely safe. That assertion was reported independently by two outlets on the same day.[^3][^4][^5][^6][^7][^8][^9][^10][^11][^12][^13]

No on chain link has been confirmed between the observed outflows and the matter under investigation.

## What this stands on

1. Unchained counted approximately $3.52 billion in crypto assets transferred out of Etherscan-labelled Binance hot wallets on Ethereum between 4:24pm and 5:04pm ET 2026-10-29. ([Unchained](https://unchainedcrypto.com/binance-says-user-funds-are-completely-safe-after-3-5-billion-drains-from-its-hot-wallets/), News)
2. A Binance spokesperson confirmed the exchange is actively investigating reports of a potential security issue. ([Hindustan Times](https://www.hindustantimes.com/world-news/crypto-giant-binance-investigating-security-concerns-amid-reports-of-hack-user-funds-are-completely-safe-101793309808652.html), News)
3. Binance stated publicly that user funds on its platform are completely safe amid circulating hack reports. ([Hindustan Times](https://www.hindustantimes.com/world-news/crypto-giant-binance-investigating-security-concerns-amid-reports-of-hack-user-funds-are-completely-safe-101793309808652.html), News)
4. Binance stated on 2026-10-29 that user funds are completely safe following large outflows from its hot wallets. ([Unchained](https://unchainedcrypto.com/binance-says-user-funds-are-completely-safe-after-3-5-billion-drains-from-its-hot-wallets/), News)
5. Binance stated on Thursday that it has frozen digital assets worth over $2.5 billion while investigating a suspected security issue. (BBC News, News)
6. Bitcoin fell 4.1% to $78,044 on Friday after reports of a potential security breach at Binance. (Investing.com, News)
7. Binance confirmed it temporarily suspended withdrawals across multiple networks following a security incident. (Investing.com, News)
8. Blockchain intelligence firms tracked suspicious outflows from Binance-linked hot wallets, estimated at up to $5.8 billion in digital assets. (Investing.com, News)
9. Binance BNB token fell 8.1% to $698.01 on Friday following a suspected security breach at the exchange. (Investing.com, News)
10. Binance stated that all user funds remain completely secure following the hack. (El Economista, News, claim on record)
11. Binance stated it will cover all user losses from the breach using its SAFU fund and corporate company funds. (Hindustan Times, News)
12. Binance stated in an official Friday announcement that initial investigation indicates the $6.3 billion security breach originated from a compromised DevOps engineer's laptop. (Hindustan Times, News)
13. The publication reports that Binance has frozen billions in funds, suspended user withdrawals, and is facing an alleged crypto hack. (BioBioChile, News)

## Provenance

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