Binance Investigates Suspicious Crypto Transfers Worth Up to $5.8 Billion

Reported by Security Affairs (Pierluigi Paganini)

Summary by Cyber Security News29 Oct 2026, 23:53 CET

About this summary. This is a short excerpt from the description that Security Affairs published with its article. Cyber Security News did not report or verify the underlying story. Read the original: https://securityaffairs.com/202089/hacking/binance-investigates-suspicious-crypto-transfers-worth-up-to-5-8-billion.html

Binance probes suspicious crypto transfers worth up to $5.8 billion as Tether and Circle freeze $1.79 billion in stablecoins linked to the activity. Binance is investigating a potential security incident after billions of dollars in cryptocurrency moved from wallets linked to the exchange on October 29. The transfers raised concerns about a possible hack, while Tether and Circle moved to freeze stablecoins linked to the suspicious activity.

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