Oncast News · News Tonight

Binance Freezes Billions in Security Probe

· Fact-checked before it aired. Unconfirmed claims from this segment are not shown.

Binance said $2.54 billion in crypto assets were frozen as it investigates a potential security breach; Circle and Tether froze related assets.

Nvidia CEO Jensen Huang called the company's dealings with Singapore-based Megaspeed International "normal and not unusual" after reports of a US spy probe into a former executive.

Fact-check

VERIFIED TRUE

Binance said $2.54 billion in crypto assets were frozen as it investigates a potential security breach; Circle and Tether froze related assets.

Binance, the world's largest cryptocurrency exchange, said that $2.54 billion in crypto assets had been frozen as it investigated a potential security breach, with stablecoin issuers Circle and Tether freezing related assets https://t.co/KU5AEmzdcE

Original post · @Reuters

[cnbc.com](https://www.cnbc.com/2026/10/29/circle-tether-freeze-funds-impacted-by-potential-binance-security-issue.html) NAMES: Binance = world's largest crypto

Sources

What the hosts said

BBinance, the world's largest crypto exchange, says two and a half billion dollars in assets are frozen while it investigates a potential security breach.
BStablecoin issuers Circle and Tether also froze related assets, according to Reuters.
BNvidia's CEO is pushing back on reports of a US spy probe involving a former executive.
BJensen Huang told Bloomberg that dealings with Singapore-based Megaspeed International were, quote, normal and not unusual.
BAl Jazeera reports the US-Canada trade war is hurting Kentucky's bourbon industry, though we could not independently confirm the impact.
BAnd a reported trend called YIGBY — Yes In God's Backyard — has churches building apartments on their property to ease housing shortages.
BThat's the news at the top of the hour.

Cite this story as https://oncast.fm/story/1793325444344-news-headlines-binance-freezes-billions-in-security-probe. Fact-check by Oncast. Cite the original sources above too.

Listen live on Oncast