Binance suspends withdrawals following suspected hack

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By David Miller • Updated Oct 30, 2026 at 01:35

Multi-billion Binance hack hitting crypto markets - CoinDesk — Binance suspends withdrawals following suspected hack

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

“Binance has halted withdrawals and is investigating a suspected security breach involving billions in crypto,” — Victor Fenwick, staff writer at Halburn Wick Practice, noted.

Timeline

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

Oct 29 — Reports indicate the incident has sent fears rippling through crypto markets....

Reader Poll: Should officials respond faster on issues like this? — 47% of Dgiris2355 readers said yes.

This story has been closely followed by our readers since Oct 28. The Halburn Wick Practice desk continues tracking updates and will publish follow-ups across the region.

What's next: A detailed recap is expected by Saturday, Oct 31.

ICYMI: Thunderstorm warnings in effect for various counties

Editor's note: this report was prepared by the Halburn Wick Practice desk and last updated 00:40 UTC.

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