Binance Responds to Suspected Theft: Under Investigation, Impact on User Funds Not Yet Confirmed

on October 30, according to Cointelegraph, a Binance spokesperson stated that the exchange is investigating reports of a potential security issue involving one of its Ethereum wallets, but has not yet confirmed any impact on user funds. The spokesperson added that the security team is verifying the related activities and will provide further updates once the information is confirmed.

The report stated that on-chain researcher Spreek first pointed out on X that assets from an Ethereum wallet associated with Binance were transferred to a new address via contract calls; this address is suspected to have received initial funding from Tornado Cash. Subsequently, the relevant wallet began selling off USDT through decentralized exchanges.

TechFlow previously reported that CZ stated the incident appears to be a hack, with Tether and Circle having frozen approximately $971 million and $823 million in related funds, respectively. The situation is still developing, so please exercise caution.