Binance Hack On-Chain Analysis: 50 Signatures, 197,460 ETH and $2.83 Billion Frozen

What really happened in the Binance hack? Our analysis of the blockchain data shows: on October 29, 2026 an attacker took control of the hot wallet "Binance 14" with 50 simultaneously submitted signatures and drained about $2.7 billion within seconds. Binance confirmed the hack overnight and says it will cover all losses. According to our measurements and investigators, more than $2.83 billion is frozen, and the attacker is left mainly with 197,460 ETH. Here is what we verified ourselves, what the key voices on X say and where this is heading.