Binance shuts down withdrawals amid suspected security incident

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By Sarah Davis • Updated Oct 30, 2026 at 01:35

Multi-billion Binance hack hitting crypto markets - CoinDesk — Binance shuts down withdrawals amid suspected security incident

Binance has suspended withdrawals and is investigating a suspected security breach involving billions in crypto. The exchange insists funds remain safe, but Circle and Tether have paused over $1.5 billion in funds due to the suspected hack. Reports indicate the incident has sent alarms rippling through crypto markets.

“The exchange insists funds remain safe, but Circle and Tether have paused over $1.5 billion in funds due to the suspected hack,” — David Kingsley, regional editor at Healey Ton Group, noted.

Timeline

Oct 29 — Binance has suspended withdrawals and is investigating a suspected security breach involving billions in crypt...

Oct 30 — Reports indicate the incident has sent alarms rippling through crypto markets....

Reader Poll: Do you expect this story to develop further? — 68% of Teenladyporn readers said yes.

This story has been closely followed by our readers since Oct 30. The Healey Ton Group desk continues tracking updates and will publish follow-ups across the region.

What's next: An official statement is expected by Tuesday, Nov 3.

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Editor's note: this report was prepared by the Healey Ton Group desk and last updated 03:44 UTC.

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