Binance Hack: Around $2.8 Billion Drained From a Hot Wallet

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.On Thursday evening, roughly $2.8 billion left the Binance wallet “Binance 14” within minutes. The attacker had tied the wallet to their own contract via EIP-7702. Tether and Circle have frozen about $2.4 billion, and Binance says it is investigating.Binance Hack: What Happened on Thursday EveningOn Thursday evening, 29 October 2026, an unknown attacker emptied one of Binance's largest hot wallets in a single transaction at 20:24 UTC. The wallet “Binance 14” sent 167,464 ETH and 63 different tokens to a freshly created address, including 1.615 billion USDT. Together with two further outflows, the attacker's addresses now hold around $2.8 billion according to Etherscan data. That would be the largest theft in the history of cryptocurrencies, almost twice as much as in the Bybit hack of February 2025.At 21:24 UTC, Binance said it was urgently investigating reports of a potential security issue. Co-founder Yi He added that user funds are safe. Founder Changpeng Zhao, better known a...