frozen

Binance co-founder He Yi reminded users, "Funds from 'friends' discounted U', 'coins sent from relatives on-chain', 'money from doing business in Myanmar', 'accounts received in Cambodia', 'friends' money transferred from an account' should not be transferred to Binance." He Yi stated that Binance implements global compliance standards, and the compliance team can easily identify such funds. The relevant addresses are marked before the funds are transferred in, and after the transfer, they may be frozen by law enforcement. Such cases are usually complex and have a long processing cycle, and Binance does not have the authority to unfreeze.

According to The Defiant, Binance has submitted a constitutional amendment proposal draft to ArbitrumDAO, requesting the return of 8425.997 ETH and approximately 74.56 million ARB that were frozen after an attack on its hot wallet.The related assets are still in a frozen state and have not yet been returned to Binance. The proposal is currently in the forum discussion stage and will require a Snapshot intention vote and an on-chain vote; Binance expects the entire governance process to take about seven weeks or longer.Binance stated that it will cover the losses of affected users through the SAFU fund and company reserves, and the returned assets can be used to cover event-related losses and costs, including replenishing reserves that have already been used for compensation. The proposal does not request additional allocations from the DAO treasury.

Brazilian cryptocurrency exchange Mercado Bitcoin announced the latest developments regarding a security incident, stating that the affected assets are currently valued at approximately 36.3 million USD, with 12.9 million USD frozen, and related work is ongoing.The platform and app remain suspended until safety is confirmed; the company stated that customer assets are secure, and balances are still recorded in their respective accounts. Previously, the exchange mentioned that it had frozen 11 million USD of related assets.

According to Binance's official disclosure, the security incident on October 29 involved approximately $6.34 billion in digital assets. As of the report's release, about $2.85 billion in assets had been frozen or intercepted, with amounts pending verification and affected by market price fluctuations.Binance's preliminary investigation stated that the attackers infiltrated employee devices through fake job interviews and malicious software downloads, subsequently using internal AI tools and stolen credentials to access wallet signature services, bypassing normal withdrawal processes to initiate transactions. The attackers also exploited the Ethereum EIP-7702 authorization mechanism, allowing the malicious contract to gain partial execution rights over the hot wallet.Binance stated that the company will bear the financial impact of the stolen funds; as of October 31, 98% of the affected token assets have been replenished, while the remaining assets with lower liquidity are still being purchased. The company has closed the identified attack vectors and is hiring independent security experts for further review.

According to Al Jazeera, sources close to the mediation team revealed that the mediators have informed Saudi Arabia and the United Arab Emirates about the contents of the memorandum of understanding, and both countries have expressed their approval. Washington and Tehran have made concessions regarding nuclear issues and frozen assets.

On November 2, stablecoin issuer Tether announced that it froze over 1.5 billion USDT within 30 minutes after Binance was attacked on October 29, preventing the related funds from being transferred, exchanged, or laundered. Tether stated that the FBI has identified North Korea as responsible for this attack. The FBI reported on October 31 that North Korea stole over 6 billion dollars in virtual assets from Binance around October 29, referring to the activity as TraderTraitor.Tether CEO Paolo Ardoino stated that the team froze over 1.5 billion dollars within minutes of the attack and claimed that USDT is not suitable for hiding stolen funds. Tether USA₮ CEO Bo Hines stated that the company acted immediately to prevent over 1.5 billion dollars from flowing to the attackers and said that this move contributes to safety in the U.S. and globally. Tether claimed that it collaborates with U.S. and international law enforcement agencies and industry partners to track illegal funds and assist in accountability.Tether also disclosed that as of October 31, it has assisted the U.S. Department of Justice, Secret Service, and FBI in freezing over 3,590 wallets, approximately 1.6 billion dollars in USDT, and has collaborated with over 360 law enforcement agencies in 73 countries. Including the freezes related to this Binance incident, Tether has cumulatively frozen over 7 billion dollars in USDT across secondary market addresses, of which approximately 1.2 billion dollars has been returned to rightful owners or law enforcement agencies through reissuance.

Gate has identified and frozen two related accounts, and the relevant information has entered the due diligence process, and will cooperate with law enforcement and subsequent investigations.

Binance co-founder He Yi responded to users on the X platform, stating that the current $6.3 billion has covered all stolen assets, and Binance still needs to go through formal processes to recover the frozen $3 billion.This response was directed at user @LIZHIGE2026 regarding whether the frozen USDT will be returned to Binance. He Yi also addressed concerns from the public about Binance's solvency, assuring users that they can feel at ease.

Aave published an update on the handling progress after the Binance incident, stating that all markets for Aave V3 and V4 have now been unfrozen. Previously, Aave froze the markets for precautionary purposes after the initial reports of the incident, suspending new deposits and loans, but withdrawals and repayments continued to function normally.Aave emphasized that its contracts were not affected by this incident, and positions have always maintained sufficient collateral.As a continued precautionary measure, the loan-to-value ratios (LTV) for USDT, USDC, USDT0, POL, WAVAX, sAVAX, XAUT, PAXG, and OP will temporarily remain at 0, so these assets cannot be used as collateral to support new loans for the time being.

Some users are concerned that the frozen protocol collateral might trigger a chain liquidation in DeFi. He Yi, co-founder of Binance, responded that the 60 million USDT collateralized in AAVE is not fully frozen at this time.He Yi stated that the hacker actually only took away approximately 46 million dollars' worth of ETH. After this portion of the assets is unfrozen through the law enforcement system, an additional recoverable asset of about 14 million dollars will be available.

Binance released an investigation update stating that preliminary investigations indicate that this security incident may involve an infected laptop, and subsequent investigations have uncovered more points of intrusion. Binance stated that this is a complex attack and is currently coordinating with law enforcement to handle the situation, while continuing to gather facts and will share more information directly in the future. Binance will use the SAFU fund and company funds to cover all losses and assures that user funds are safe.Binance still expects to resume withdrawal services within 45 hours, with deposits unaffected. After suspending withdrawals, the outflow of funds has stopped. Binance is working with partners to freeze affected assets, and approximately $3 billion has already been frozen, with further updates to be provided through official channels.

The founder and CEO of the cryptocurrency trading platform Gate, Han Lin, posted on X stating that Gate was not affected by the security incident that night. The security team has completed a comprehensive inspection, user asset security is intact, and deposits, withdrawals, and trading are all operating normally, with on-chain reserves verifiable at any time.Han Lin stated that Gate stands with Binance, which is responding to the incident. The platform has added the involved addresses to a tracking list, and any related funds that flow in will be immediately frozen, with the security team on standby to provide assistance. He also mentioned that the industry has come this far through collective efforts, and all parties should work together to build and safeguard.Previously, Binance stated that the security incident on its platform affected approximately $6.3 billion in assets, with about half already frozen with assistance from other platforms, and it claimed it would cover all losses. Preliminary checks indicate that the incident may be related to an engineer's laptop being compromised, allowing the attacker to make unauthorized withdrawals, and Binance is cooperating with law enforcement to confirm the identities of the individuals involved.

According to official news from the decentralized trading aggregator 1inch, the team is aware of the attack on the Binance trading platform and is in contact with them to provide assistance. The risk management team, in collaboration with ZeroShadow, SEAL 911, TRM Labs, and others, has blocked addresses related to the attack on the 1inch dApp, 1inch Wallet, and 1inch API within an hour and continues to add to the list, which is being synchronized with resolvers and integrators.Some 1INCH tokens are among the stolen assets. Since 1INCH is a standard ERC-20 token with no freezing or blacklisting features, the stolen tokens cannot be frozen by anyone. 1inch stated that they will fully cooperate with Binance and law enforcement agencies in the recovery efforts.

On-chain intelligence platform Arkham stated that the hacker marked by them transferred $6.01 billion from Binance's hot wallet across nine chains between 20:10 and 23:05 (UTC) on October 29. The issuer has frozen $2.8 billion of this amount, while approximately $2.9 billion in ETH, BTC, TRX, SOL, and other tokens remains transferable. Arkham also cited Binance's statement that the platform is aware of reports related to potential security issues, user funds are safe, and withdrawals have been suspended; Binance co-founder CZ indicated that the situation appears to be an attack on Binance.Arkham reported that approximately $4.9 billion was transferred within 15 minutes. At 20:10:18 (UTC), 965,455 SOL were transferred on Solana, amounting to about $95.4 million; at 20:20:06, 11 transactions within a Bitcoin block transferred 18,270.2 BTC, approximately $1.467 billion; at 20:24:23, a single Ethereum transaction transferred 64 tokens from a Binance address, totaling about $2.532 billion, including 167,464 ETH (approximately $387.8 million) and 1.62 billion USDT.By chain statistics, Ethereum accounted for approximately $3.739 billion, with USDT around $1.875 billion, USDC about $823 million, and 197,540 ETH approximately $457 million; Bitcoin was 18,270.2 BTC, about $1.467 billion; TRON was approximately $628 million; Solana was 970,522 SOL, about $95.9 million; Arbitrum, Avalanche, Polygon, Optimism, and Base combined accounted for about $7.77 million. The transferable portion includes 495,724 ETH (approximately $1.09 billion) across 10 addresses, as well as 18,270.2 BTC (approximately $1.41 billion) that has not moved since 20:48, distributed across 19 addresses.

Arbitrum officials stated that the Arbitrum Security Committee has taken emergency action to transfer 74,559,805 ARB and 8,425 ETH held at addresses related to the Binance attack incident on Arbitrum One. After technical assessment and review, the Security Committee transferred the funds to an intermediate frozen wallet using a specific technical solution, which did not affect the status of other users and applications on the Arbitrum network.As of October 30, 2026, the aforementioned funds have been successfully transferred and are no longer under the control of the original holding addresses. Subsequent actions can only be taken through further actions by the Arbitrum Security Committee or governance votes by the Arbitrum DAO, and relevant actions will be coordinated with all parties involved.

Binance released an update regarding the security incident, stating that the team is continuously collaborating closely with law enforcement, asset issuers, blockchain intelligence agencies, and industry partners to track and freeze more related assets.Binance stated that the total amount frozen is expected to increase further and will promptly share the latest developments once more confirmed information is available.

Binance stated in a social media post that it has noticed different figures circulating publicly regarding the frozen amount, including 1.8 billion dollars. It needs to be clarified that the currently verified total frozen amount is 2.54 billion dollars.Binance indicated that as the team works closely with law enforcement, issuers, blockchain intelligence companies, and industry partners to track and freeze more assets, this number may continue to increase.

Stablecoin and token issuer Paxos stated on social media that earlier today, reports revealed that Binance was affected by a security incident. Blockchain analysis shows that PAXG tokens held on the Binance platform were transferred to an address suspected to belong to the attacker.Paxos stated that after confirming the relevant reports through its own blockchain investigation, it has frozen 1,906.67 PAXG in wallet 0x5227f603C1eE34CE3C06eFe6477003BDfCCB2f8c. The Paxos system was not affected by this incident, and the reserves of PAXG, PYUSD, and USDG remain fully intact, with redemptions continuing to operate normally, and updates will be provided in a timely manner as details are disclosed.

Tether has frozen over 1.567 billion USDT, according to reports citing Bloomberg Terminal.The freeze is suspected to involve stolen assets from Binance. Binance co-founder He Yi recently stated that Binance has noted reports regarding potential security issues and is currently conducting an active investigation. The security team is urgently reviewing all relevant information and will release the latest developments through official Binance channels once verified.He Yi also reminded users to be vigilant against scams, not to trust unofficial links, messages, or requests for account information, and emphasized the safety of user funds.

Aave's official statement claims that it is aware of reports regarding potential incidents involving Binance-associated wallets. Aave's contracts remain unaffected, and positions are still over-collateralized; as a precaution, all markets of V3 and V4 operated by the DAO have been frozen.This freeze will suspend new deposits and loans, but users can still withdraw funds and repay existing positions. Previously, Binance reportedly experienced a large-scale abnormal outflow, with on-chain monitoring indicating the scale involved reached billions of dollars, and some stablecoins have been frozen by the issuer; CZ stated that the actual loss may slightly exceed 1 billion dollars and will be fully covered.