On October 29, 2026, Binance founder Changpeng Zhao confirmed information regarding an attempted hack of the platform. He noted that the companies Tether and Circle froze assets totaling approximately $1.8 billion related to this attack.
Safety of User Funds
Changpeng Zhao, who is no longer the CEO of Binance but remains a shareholder, assured that user funds are safe. He emphasized that the exchange is conducting an investigation into the incident and currently does not confirm any losses for users.
Actions by Tether and Circle
In response to the hacking attempt, the companies Tether and Circle swiftly froze:
- $971 million in Tether assets
- $823 million in Circle assets
These actions were taken to protect user funds and prevent potential financial losses.
Comments from Binance
The first official statement from Binance confirmed that the exchange is investigating the incident. While the hacking attempt has been acknowledged, there is currently no information suggesting that users have suffered financial losses.