Binance says customer funds are safe despite reports of massive suspicious transfers<\/p>\n
The world\u2019s largest cryptocurrency exchange, Binance, has launched an investigation into a possible cyberattack after billions of dollars in digital assets were reportedly transferred from wallets linked to the platform.
\nBlockchain researchers flagged suspicious transactions on Thursday, with estimates of the outflows reaching $2.77 billion across five blockchains. Binance said it was investigating reports of a potential security issue but insisted that customer funds were safe. The exchange has not confirmed a hack or disclosed any financial losses.
\n\u201cOur team is conducting security checks. Withdrawals will resume as soon as the security issue is fully resolved. User funds remain safe,\u201d the company said on X on Thursday.
\nStablecoin issuers Tether, Circle and Ripple have reportedly moved to freeze more than $2.5 billion in digital assets linked to the suspected hack.
\nBinance co-founder and former CEO Changpeng Zhao wrote on X that \u201cit does look like a hack on Binance.\u201d<\/p>\n
Read more<\/p>\n
World\u2019s largest crypto exchange stopping EU operations<\/p>\n
The suspected attack comes amid a series of major cryptocurrency thefts this year. In September, hackers stole approximately $388 million from the Bitget exchange, while attacks on the Drift Protocol and Kelp DAO platforms in April resulted in losses of roughly $285 million and $292 million, respectively.\u00a0In February 2025, suspected North Korean hackers stole approximately $1.5 billion from Bybit in what was widely described as the largest cryptocurrency heist on record at the time.
\nZhao pleaded guilty in 2023 to violating US anti-money-laundering laws and stepped down as Binance CEO as part of a settlement that saw the exchange agree to pay $4.3 billion in penalties. He subsequently served a four-month prison sentence.
\nUS President Donald Trump pardoned Zhao in October 2025. The White House defended the decision, claiming the Binance founder had been unfairly prosecuted under former President Joe Biden as part of a broader crackdown on the cryptocurrency industry.<\/p>\n","protected":false},"excerpt":{"rendered":"
Binance says customer funds are safe despite reports of massive suspicious transfers The world\u2019s largest cryptocurrency exchange, Binance, has launched an investigation into a possible cyberattack after billions of dollars…<\/p>\n","protected":false},"author":1,"featured_media":40788,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[4,6,3],"tags":[],"class_list":["post-40787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-environment","category-politics"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t