Binance reportedly hit by $5.6B hack; Tether freezes ~$971M and Circle ~$823M
Posts on X amplify a WatcherGuru alert claiming Binance was hacked for over $5.6 billion, broken down as $1.45B BTC, $875M ETH, $234M TRX, $50M XAUT, $1.57B USDT, $823M USDC, $75M WBETH, $88.5M RLUSD and $447.5M in other assets. CZ responds that user funds are safe, calls it 'a hack on Binance', thanks Tether for a ~$971M freeze and Circle for a ~$823M freeze, and saying he no longer manages Binance.com but as a shareholder expects user funds fully covered.
Who's talking · Oct 25 – Oct 31
The mood on the timeline
Fear and shock at the claimed scale, with attention focused on whether freezes and CZ's statement mean user funds are covered rather than on any price reaction.