30.10.2026 06:20
Cryptocurrency exchange Binance announced that $2.54 billion in assets had been frozen due to a possible security issue. While deposits and withdrawals were temporarily suspended, the company announced that all losses would be covered. Binance TR, on the other hand, reported that user assets were safe and services were continuing without interruption.
Cryptocurrency exchange Binance announced that the total amount of assets frozen within the scope of an investigation launched due to a possible security issue reached $2.54 billion. While the company announced that all losses would be covered, it reported that deposit and withdrawal transactions were temporarily suspended.
AMOUNT OF FROZEN ASSETS REACHES $2.54 BILLION
In a statement by Binance, it was noted that different figures regarding the amount of frozen assets were circulating in public. The statement recorded that information regarding an amount of $1.8 billion was also being followed, but that the total amount verified so far was $2.54 billion.
The company reported that teams are working in close cooperation with law enforcement, asset issuers, blockchain intelligence companies, and industry partners.
It was stated that efforts to trace and freeze additional assets are ongoing, while attention was drawn to the possibility that the verified total amount could increase in the coming period.
Binance announced that only verified figures would be shared with the public and that updates would be made as new information is confirmed.
BINANCE: WE WILL COVER ALL LOSSES
In another statement by Binance, it was emphasized that work to resolve the security issue is continuing uninterrupted.
The statement included the words, "Binance will cover all losses."
Within the scope of security measures, it was reported that all deposit and withdrawal transactions were temporarily suspended. It was stated that after the investigation is completed, a comprehensive situation assessment regarding what happened would be shared with the public.
IT WAS ANNOUNCED THAT USER FUNDS ARE SAFE
In its previous statement, Binance had announced that it was aware of notifications regarding a possible security issue and that the matter was being actively investigated.
The company had stated in that statement that user funds were safe.
STATEMENT FROM CZ ON CYBER ATTACK
Changpeng Zhao, co-founder and former CEO of Binance, known as "CZ," also stated in a post on his X account that user funds were safe.
Zhao, noting that the incident appeared to be a cyber attack targeting Binance, thanked Tether and Circle for their rapid interventions to freeze the assets.
Zhao noted that he appreciated Tether rapidly freezing approximately $971 million in assets and Circle approximately $823 million.
STATEMENT FROM BINANCE TR: SERVICES CONTINUE WITHOUT INTERRUPTION
Meanwhile, Binance TR also made a statement regarding the developments.
In the statement by Binance TR, it was stated that all user assets on the platform are safe and that services continue without interruption.
The statement included the words, "The security of our users' assets is our top priority. We continue to carry out our security processes meticulously."