Binance Says User Funds Are ‘Completely Safe’ After $3.5 Billion Drains From Its Hot Wallets

Binance says “user funds are completely safe” as Unchained’s own count shows about $3.5 billion left wallets Etherscan labels as Binance’s, on Ethereum alone. Binance said on X that “user funds are completely safe” after wallets Etherscan labels as Binance hot wallets sent billions of dollars in crypto to a single new address on Thursday afternoon, and Tether and Circle froze about $2 billion in stablecoins. That line came at 5:29 p.m. ET in a revised statement. A 5:16 p.m.