Daily Market Updates: Binance Drained of $5.5 Billion in Suspected Hack, Tether and Circle Freeze $1.8 Billion

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At close · Wed, Oct 28, 2026

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Home›Crypto›Bitcoin›Binance Drained of $5.5 Billion in Suspected Hack, Tet…

Binance Drained of $5.5 Billion in Suspected Hack, Tether and Circle Freeze $1.8 Billion

Reported · Written up by our desk · Bitcoin

An on-chain tally puts the suspected Binance drain at $5.57 billion across three blockchains, as Tether and Circle froze $1.8 billion.

← Newer storyCoinbase net income surges 66% in third quarter, benefiting from bitc…Older story →Live updates: Binance $6.3B hack linked to North Korea’s TraderTraitor

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Sources

DecryptBinance Drained of $5.5 Billion in Suspected Hack, Tether and Circle Freeze $1.8 Billion

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