# Binance blocks over $2.5bn in assets during breach probe

- URL: https://talkfuse.com/story/crypto-giant-binance-freezes-2-5bn-of-assets-over-suspected-hack/
- Published: 2026-10-30T00:37:59+00:00
- Updated: 2026-10-30T00:47:15+00:00
- Original publisher: BBC Technology (publisher lean: Centre)
- Original article: https://www.bbc.co.uk/news/articles/cwg7xp8kx4v5o?at_medium=RSS&at_campaign=rss
- Topics: Business, Crypto, Cybersecurity, Technology

## Key points

- Binance froze more than $2.5bn during a security investigation.
- Deposits and withdrawals are temporarily suspended.
- Circle and Tether also froze assets linked to the incident.

## Summary

Binance says it has frozen more than $2.5bn in digital assets while investigating a suspected security breach. It has temporarily suspended deposits and withdrawals, says users’ funds are safe and has pledged to cover all losses.

The company said the amount frozen could rise as it works with law enforcement and other partners to trace assets. Former Binance chief Changpeng Zhao said Tether and Circle had also frozen about $1.7bn in assets linked to the incident; Circle’s chief executive separately reported more than $800m frozen. Binance is the world’s largest cryptocurrency exchange by daily trading volume.

---
Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.