Binance probes a $6.3B security breach and freezes $3B in crypto assets

Summary

Binance is investigating a security breach that Seeking Alpha puts at $6.3 billion, and it aims to resume withdrawals within 48 hours, according to that report. Seeking Alpha says crypto markets slid as the probe went on. ABC's live markets blog, headlined as Binance freezing $3 billion in crypto assets on the breach, reported the ASX trading higher on the same day. The two reports give different figures, $6.3 billion for the breach and $3 billion in frozen assets, and the material provided does not explain the gap.

Timeline

1. ABC

   29 Oct 2026, 21:16 UTCSource ↗

   ABC's live markets blog reports that Binance has frozen $3 billion in crypto assets after a security breach, while the ASX traded higher.

2. Seeking Alpha

   30 Oct 2026, 08:55 UTCSource ↗

   Seeking Alpha reports that crypto markets slid as Binance probed a $6.3 billion security breach and aimed to resume withdrawals within 48 hours.