Binance freezes billions after massive crypto breach

Community Trust Score Verified 91 % Real Verified 11 votes Updated 5 minutes ago Binance confirmed a security breach affecting approximately $6.3 billion in cryptocurrency on October 30, an incident that exceeds the scale of the $1.5 billion theft from Bybit in February 2025. The exchange stated that approximately $3 billion in affected assets had been frozen on-chain through coordination with blockchain partners. At approximately 00:30 GMT on October 30, Binance announced the temporary suspension of deposits and withdrawals. The exchange said its teams were conducting security checks, freezing funds, and coordinating with law enforcement agencies.