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TRX Binance investigates suspected hack as billions flow out of hot wallets
The Block reports Binance is investigating suspicious outflows of up to $5.8 billion, with Tether and Circle freezing $1.79 billion in USDT and USDC after billions moved out of Binance hot wallets. Decrypt cites an on-chain tally putting the suspected drain at $5.57 billion across three blockchains, with $1.8 billion frozen. The Defiant reports outflows widened to three accounts, including 823 million USDC leaving Hot Wallet 34 and Binance 14 being swept again 40 minutes after its initial outflow.
Why “Unverified”
- 3 independent sources (Decrypt, The Block, The Defiant), but no primary confirmation
3 independent source groups across 3 posts · evidence score 92/100. How labels work
Other reports on this event
Its sources described the event in different words, so it was kept as a separate story with its own label. How reports are linked
What the sources claim
-
Binance says it is investigating suspicious outflows of up to $5.8 billion.
“Binance investigating hack as suspicious outflows reach up to $5.8 billion”
The Block -
Tether and Circle froze $1.79 billion in USDT and USDC after billions moved out of Binance hot wallets.
“Tether and Circle froze $1.79 billion in USDT and USDC”
The Block -
An on-chain tally puts the suspected Binance drain at $5.57 billion across three blockchains.
“suspected Binance drain at $5.57 billion across three blockchains”
Decrypt -
Tether and Circle froze $1.8 billion in connection with the suspected drain.
“as Tether and Circle froze $1.8 billion”
Decrypt -
Records show 823 million USDC left Hot Wallet 34.
“823 million USDC left Hot Wallet 34”
The Defiant -
Binance 14 was swept again 40 minutes after its initial outflow.
“Binance 14 was swept again 40 minutes after its initial outflow”
The Defiant
Sources
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Summary and claims extracted by AI with prompt analyze-story@5 on 2026-10-29 22:20 UTC. Labels are computed from the sources, not by the model.