{"id":"1793313668997-money-headlines","slug":"binance-probes-suspected-multi-billion-dollar-hack","title":"Binance probes suspected multi-billion dollar hack","summary":"On Oct. 29, on-chain analysts flagged billions in suspicious outflows from Binance hot wallets. Estimates range from about $2.77 billion to $5.8 billion, with Tether and Circle freezing roughly $1.57 billion USDT and $823 million USDC. Binance says it is investigating and has not officially confirmed a hack.\n\nThe same suspected Binance hack was reported with preliminary outflow estimates from about $2.77 billion to $5.8 billion. The specific Bitcoin and Ether figures are not independently confirmed, and Binance had not officially confirmed a hack. This is CZ's opinion/pledge. He said on X that the incident “does look like a hack” and that he expects user funds to be fully covered. Binance's official account also said user funds are completely safe. This is commentary about AI and cybersecurity, not a checkable factual claim.\n\nOn-chain data showed Aave froze its lending markets after the suspected Binance exploit to prevent the hacker from borrowing. Aave itself had not issued an official statement at the time.","publishedAt":"2026-10-29T22:41:08.997Z","channel":{"id":"money","name":"Oncast Money","language":"en"},"show":"Closing Bell","verification":{"status":"verified","leadVerdict":"MISLEADING","notes":"MISLEADING: On Oct. 29, on-chain analysts flagged billions in suspicious outflows from Binance hot wallets. Estimates range from about $2.77 billion to $5.8 billion, with Tether and Circle freezing roughly $1.57 billion USDT and $823 million USDC. Binance says it is investigating and has not officially confirmed a hack.\nSource: [theblock.co](https://www.theblock.co/news/markets/2026-10-29-binance-investigating-hack-suspicious-outflows-5-billion-432171), [fxstreet.com](https://www.fxstr (https://x.com/WatcherGuru/status/2115922259739349132)\n\nMISLEADING: The same suspected Binance hack was reported with preliminary outflow estimates from about $2.77 billion to $5.8 billion. The specific Bitcoin and Ether figures are not independently confirmed, and Binance had not officially confirmed a hack. This is CZ's opinion/pledge. He said on X that the incident “does look like a hack” and that he expects user funds to be fully covered. Binance's official account also said user funds are completely safe. This is commentary about AI and cybersecurity, not a checkable factual claim.\nSource: [theblock.co](https://www.theblock.co/news/markets/2026-10-29-binance-investigating-hack-suspicious-outflows-5-billion-432171), [fxstreet.com](https://www.fxstr (https://x.com/KobeissiLetter/status/2115926246916038921)\n\nTRUE: On-chain data showed Aave froze its lending markets after the suspected Binance exploit to prevent the hacker from borrowing. Aave itself had not issued an official statement at the time.\nSource: [theblock.co](https://www.theblock.co/news/markets/2026-10-29-binance-investigating-hack-suspicious-outflows-5-billion-432171) NAMES: AAVE = Aave token; Avalanc (https://x.com/WatcherGuru/status/2115924863802306605)","claims":[{"verdict":"MISLEADING","summary":"On Oct. 29, on-chain analysts flagged billions in suspicious outflows from Binance hot wallets. Estimates range from about $2.77 billion to $5.8 billion, with Tether and Circle freezing roughly $1.57 billion USDT and $823 million USDC. Binance says it is investigating and has not officially confirmed a hack.","sourceName":"[theblock.co](https://www.theblock.co/news/markets/2026-10-29-binance-investigating-hack-suspicious-outflows-5-billion-432171), [fxstreet.com](https://www.fxstr","sourceUrl":"https://x.com/WatcherGuru/status/2115922259739349132","claim":"BREAKING: World's largest crypto exchange Binance hacked with over $5.6 billion stolen: • $1.45 billion $BTC • $875 million $ETH • $234 million $TRX • $50 million $XAUT • $1.57 billion $USDT • $823 million $USDC • $75 million $WBETH • $88.5 million $RLUSD + $447.5 https://t.co/2G","author":"Watcher.Guru (@WatcherGuru)"},{"verdict":"MISLEADING","summary":"The same suspected Binance hack was reported with preliminary outflow estimates from about $2.77 billion to $5.8 billion. The specific Bitcoin and Ether figures are not independently confirmed, and Binance had not officially confirmed a hack. This is CZ's opinion/pledge. He said on X that the incident “does look like a hack” and that he expects user funds to be fully covered. Binance's official account also said user funds are completely safe. This is commentary about AI and cybersecurity, not a checkable factual claim.","sourceName":"[theblock.co](https://www.theblock.co/news/markets/2026-10-29-binance-investigating-hack-suspicious-outflows-5-billion-432171), [fxstreet.com](https://www.fxstr","sourceUrl":"https://x.com/KobeissiLetter/status/2115926246916038921","claim":"BREAKING: Binance has been hacked with wallets across the Ethereum, Bitcoin, and TRON networks seeing outflows of -$5.7 billion. The hack includes $1.45 billion worth of Bitcoin and $875 million worth of ETH. If confirmed, this would mark the biggest hack in crypto history. We","author":"The Kobeissi Letter (@KobeissiLetter)"},{"verdict":"TRUE","summary":"On-chain data showed Aave froze its lending markets after the suspected Binance exploit to prevent the hacker from borrowing. Aave itself had not issued an official statement at the time.","sourceName":"[theblock.co](https://www.theblock.co/news/markets/2026-10-29-binance-investigating-hack-suspicious-outflows-5-billion-432171) NAMES: AAVE = Aave token; Avalanc","sourceUrl":"https://x.com/WatcherGuru/status/2115924863802306605","claim":"JUST IN: $AAVE freezes lending markets on Avalanche to prevent Binance hacker from borrowing funds.","author":"Watcher.Guru (@WatcherGuru)"}]},"sources":[{"url":"https://x.com/WatcherGuru/status/2115922259739349132","name":"[theblock.co](https://www.theblock.co/news/markets/2026-10-29-binance-investigating-hack-suspicious-outflows-5-billion-432171), [fxstreet.com](https://www.fxstr","kind":"x","verdict":"MISLEADING","author":"Watcher.Guru (@WatcherGuru)"},{"url":"https://x.com/KobeissiLetter/status/2115926246916038921","name":"[theblock.co](https://www.theblock.co/news/markets/2026-10-29-binance-investigating-hack-suspicious-outflows-5-billion-432171), [fxstreet.com](https://www.fxstr","kind":"x","verdict":"MISLEADING","author":"The Kobeissi Letter (@KobeissiLetter)"},{"url":"https://x.com/WatcherGuru/status/2115924863802306605","name":"[theblock.co](https://www.theblock.co/news/markets/2026-10-29-binance-investigating-hack-suspicious-outflows-5-billion-432171) NAMES: AAVE = Aave token; Avalanc","kind":"x","verdict":"TRUE","author":"Watcher.Guru (@WatcherGuru)"}],"url":"https://oncast.fm/story/1793313668997-money-headlines-binance-probes-suspected-multi-billion-dollar-hack","listenUrl":"https://oncast.fm/c/money","attribution":{"publisher":"Oncast","site":"https://oncast.fm","url":"https://oncast.fm/story/1793313668997-money-headlines-binance-probes-suspected-multi-billion-dollar-hack","cite":"Cite https://oncast.fm/story/1793313668997-money-headlines-binance-probes-suspected-multi-billion-dollar-hack and the original source links. Fact-check by Oncast (oncast.fm)."},"hostsSaid":[{"host":"Bill","text":"Market Wire, Thursday evening. Breaking: Binance is investigating a suspected multi-billion dollar hack."},{"host":"Adam","text":"Watcher Guru posted on X that the exchange was hacked, with numbers as high as five point six billion dollars."},{"host":"Bill","text":"The Kobeissi Letter says if confirmed, it would be the biggest hack in crypto history."},{"host":"Adam","text":"Here's what's actually known: on-chain analysts flagged suspicious outflows from Binance hot wallets."},{"host":"Adam","text":"Estimates range from about two point seven billion to five point eight billion dollars. Binance has not officially confirmed a hack."},{"host":"Bill","text":"Tether and Circle froze about one and a half billion dollars of Tether and over eight hundred million of USDC."},{"host":"Adam","text":"Binance founder CZ posted, \"Loss might be a bit higher than that, but will cover.\" The company says user funds are completely safe."},{"host":"Bill","text":"The lending protocol Aave reportedly froze markets on Avalanche to stop the suspected hacker from borrowing."},{"host":"Adam","text":"It's a serious test, and the suspected loss is reportedly a small slice of what Binance holds on-chain."},{"host":"Bill","text":"Separate crypto headline: a crypto account on X claims Switzerland approved its first retail spot Bitcoin ETF. No official confirmation yet."},{"host":"Adam","text":"That's the money rundown. Binance's official statement is the thing to watch next."}]}