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<p>Crypto Economy and CoinTurk News EN give sharply different dollar figures for the stablecoins frozen and the total value of the Binance outflows following the same incident.</p>
<div class="ag-dispute">
 <p>Crypto Economy and CoinTurk News EN give sharply different dollar figures for the stablecoins frozen and the total value of the Binance outflows following the same incident.</p>
 <h2 id="what-all-sources-agree-on">What all sources agree on</h2>
 <ul>
  <li>Binance experienced a security incident involving large, anomalous outflows from wallets linked to the exchange on October 29, 2026.</li>
  <li>Tether and Circle both froze stablecoins connected to the incident.</li>
  <li>Changpeng Zhao (CZ) publicly stated it 'does look like a hack on Binance' and that he expects user funds to be fully covered.</li>
  <li>Binance's BNB token experienced a price decline in the aftermath of the incident.</li>
 </ul>
 <h2 id="where-the-reports-disagree">Where the reports disagree</h2>
 <div class="ag-dispute__point">
  <h3 id="span-1-span-total-value-of-stablecoins-frozen-by-tether-and-circle"><span>1</span>Total value of stablecoins frozen by Tether and Circle</h3>
  <blockquote class="ag-dispute__pos">
   <p>Tether and Circle froze nearly $1.8 billion in stablecoins linked to an alleged security breach at Binance.</p>
   <p><cite><a href="https://crypto-economy.com/binance-security-breach-tether-and-circle-freeze-1-8b-in-usdt-and-usdc/" rel="noopener noreferrer nofollow">Crypto Economy</a> 2026-10-29 22:39</cite></p>
  </blockquote>
  <blockquote class="ag-dispute__pos">
   <p>Binance confirmed that, in total, frozen assets reached $2.54 billion, warning that this amount could rise as investigations continue.</p>
   <p><cite><a href="https://en.coin-turk.com/binance-suffers-5-9-billion-hack-tether-and-circle-freeze-2-5-billion-in-assets/?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=binance-suffers-5-9-billion-hack-tether-and-circle-freeze-2-5-billion-in-assets" rel="noopener noreferrer nofollow">CoinTurk News EN</a> 2026-10-30 00:22</cite></p>
  </blockquote>
  <p><b>What would settle it:</b> A joint or individual statement from Tether and Circle itemizing the total frozen amount, or the on-chain freeze transactions themselves.</p>
 </div>
 <div class="ag-dispute__point">
  <h3 id="span-2-span-amount-of-usdt-frozen-by-tether"><span>2</span>Amount of USDT frozen by Tether</h3>
  <blockquote class="ag-dispute__pos">
   <p>Tether added the primary receiving address to its blacklist, freezing $971 million in USDT.</p>
   <p><cite><a href="https://crypto-economy.com/binance-security-breach-tether-and-circle-freeze-1-8b-in-usdt-and-usdc/" rel="noopener noreferrer nofollow">Crypto Economy</a> 2026-10-29 22:39</cite></p>
  </blockquote>
  <blockquote class="ag-dispute__pos">
   <p>Tether's CEO Paolo Ardoino reported that his company had frozen over 1.567 billion USDT linked to the Binance breach</p>
   <p><cite><a href="https://en.coin-turk.com/binance-suffers-5-9-billion-hack-tether-and-circle-freeze-2-5-billion-in-assets/?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=binance-suffers-5-9-billion-hack-tether-and-circle-freeze-2-5-billion-in-assets" rel="noopener noreferrer nofollow">CoinTurk News EN</a> 2026-10-30 00:22</cite></p>
  </blockquote>
  <p><b>What would settle it:</b> Tether's own blacklist transaction records or an official statement from Paolo Ardoino specifying the frozen amount.</p>
 </div>
 <div class="ag-dispute__point">
  <h3 id="span-3-span-amount-of-usdc-frozen-by-circle"><span>3</span>Amount of USDC frozen by Circle</h3>
  <blockquote class="ag-dispute__pos">
   <p>Circle applied its blocking mechanism to the same entity, withholding $823 million in USDC.</p>
   <p><cite><a href="https://crypto-economy.com/binance-security-breach-tether-and-circle-freeze-1-8b-in-usdt-and-usdc/" rel="noopener noreferrer nofollow">Crypto Economy</a> 2026-10-29 22:39</cite></p>
  </blockquote>
  <blockquote class="ag-dispute__pos">
   <p>Circle CEO Jeremy Allaire confirmed that more than $800 million in USDC had also been frozen with law enforcement cooperation.</p>
   <p><cite><a href="https://en.coin-turk.com/binance-suffers-5-9-billion-hack-tether-and-circle-freeze-2-5-billion-in-assets/?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=binance-suffers-5-9-billion-hack-tether-and-circle-freeze-2-5-billion-in-assets" rel="noopener noreferrer nofollow">CoinTurk News EN</a> 2026-10-30 00:22</cite></p>
  </blockquote>
  <p><b>What would settle it:</b> Circle's own blocklist records or an official statement from Jeremy Allaire specifying the exact frozen amount.</p>
 </div>
 <div class="ag-dispute__point">
  <h3 id="span-4-span-total-value-of-outflows-from-the-binance-hack"><span>4</span>Total value of outflows from the Binance hack</h3>
  <blockquote class="ag-dispute__pos">
   <p>Independent estimates published by various analytics firms placed total outflows from the hot wallets between $2 billion and $3 billion during the day.</p>
   <p><cite><a href="https://crypto-economy.com/binance-security-breach-tether-and-circle-freeze-1-8b-in-usdt-and-usdc/" rel="noopener noreferrer nofollow">Crypto Economy</a> 2026-10-29 22:39</cite></p>
  </blockquote>
  <blockquote class="ag-dispute__pos">
   <p>Blockchain analytics firm Glassnode reported that the initial value of suspicious outflows was approximately $5.3 billion, but subsequent transactions brought the tally closer to $5.9 billion as the investigation continued.</p>
   <p><cite><a href="https://en.coin-turk.com/binance-suffers-5-9-billion-hack-tether-and-circle-freeze-2-5-billion-in-assets/?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=binance-suffers-5-9-billion-hack-tether-and-circle-freeze-2-5-billion-in-assets" rel="noopener noreferrer nofollow">CoinTurk News EN</a> 2026-10-30 00:22</cite></p>
  </blockquote>
  <p><b>What would settle it:</b> A consolidated on-chain analysis from a named blockchain analytics firm, or an official Binance disclosure of total affected funds.</p>
 </div>
 <h2 id="what-to-make-of-it">What to make of it</h2>
 <p>Treat the occurrence of a Binance security incident and the involvement of Tether and Circle freezes as established; do not treat any specific dollar figure for the amount frozen or the total hack size as settled until Tether, Circle, or Binance issue matching official figures.</p>
</div>
<p>Treat the occurrence of a Binance security incident and the involvement of Tether and Circle freezes as established; do not treat any specific dollar figure for the amount frozen or the total hack size as settled until Tether, Circle, or Binance issue matching official figures.</p>
<p><strong>Update</strong> 30 Oct 2026, 07:07 UTC · added by Coin Edition, CoinGape</p>
<p>Coin Edition reports that wallets linked to Binance moved roughly $2.77 billion across five blockchains on Thursday, with Changpeng Zhao stating “User funds are safe!” while acknowledging a possible hack, though Binance has not confirmed a breach. CoinGape puts the estimated total losses far higher, near $6.3 billion, and details coordinated freezes by multiple issuers: Ripple locking about $200 million in RLUSD, Tether freezing roughly $1.57 billion in USDT, and Circle locking over $800 million in USDC. CoinGape also reports Binance’s claim that withdrawals should resume within 48 hours and that no private keys were compromised.</p>
<p><strong>Update</strong> 30 Oct 2026, 08:32 UTC · added by Bitcoin.com News, TronWeekly</p>
<p>TronWeekly reports Blockaid identified roughly $3.3 billion in suspicious transfers across Ethereum, Arbitrum and Avalanche tied to Binance-linked wallets, with Tether and Circle freezing more than $2.36 billion of that total. Bitcoin.com News adds that Ripple froze about $200 million and World Liberty Financial froze $27 million in USD1 connected to the same hack, citing Binance CEO Yi He, who put the combined freezes beyond the $2 billion already attributed to USDT and USDC.</p>
<p>Originally reported by <a href="https://altcoingordon.com/binance-hack-freeze-loss-totals-differ-across-reports/" rel="noopener noreferrer nofollow">AltcoinGordon</a>, written by Olivia Hayes. Republished with permission.</p>
<p><a href="https://altcoingordon.com/binance-hack-freeze-loss-totals-differ-across-reports/" rel="noopener noreferrer nofollow">View the original on AltcoinGordon →</a></p>
<p>The post <a href="https://thecoinrise.com/binance-hack-freeze-and-loss-totals-differ-across-reports/" rel="noopener noreferrer nofollow">Binance Hack: Freeze and Loss Totals Differ Across Reports</a> appeared first on <a href="https://thecoinrise.com/" rel="noopener noreferrer nofollow">TheCoinrise.com</a>.</p>

Binance Hack: Freeze and Loss Totals Differ Across Reports

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