--- title: Binance pauses withdrawals as hackers suspected of... description: Binance has paused withdrawals on multiple networks after a security incident drained funds from its hot wallets. Founder Changpeng Zhao said the company was... canonical: https://daily.dev/posts/binance-pauses-withdrawals-as-hackers-suspected-of-stealing-billions-in-crypto-pnen9prdv twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Binance pauses withdrawals as hackers suspected of stealing billions in crypto | daily.dev og:description: Binance has paused withdrawals on multiple networks after a security incident drained funds from its hot wallets. Founder Changpeng Zhao said the company was... og:url: https://daily.dev/posts/binance-pauses-withdrawals-as-hackers-suspected-of-stealing-billions-in-crypto-pnen9prdv og:image: https://api.daily.dev/og/posts/PNEN9prdV.png og:image:alt: Binance pauses withdrawals as hackers suspected of stealing billions in crypto og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Binance pauses withdrawals as hackers suspected of stealing billions in crypto **[TechCrunch](https://daily.dev/sources/tc)** · 3 min read · 0 upvotes · 0 comments ## Summary Binance has paused withdrawals on multiple networks after a security incident drained funds from its hot wallets. Founder Changpeng Zhao said the company was likely hacked and expects user funds to be fully covered. Crypto watchers estimate at least $2 billion was drained, with some estimates reaching $5.7 billion, though figures are unconfirmed and the theft may be ongoing. Circle froze about $800 million in Tether as it passed through its networks and Tether itself froze $1.56 billion related to the hack. In a separate incident, Polymarket briefly halted trading after a third-party company was compromised, and hackers stole about $2 million in user funds through software developed by DebugBear. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### Why did Binance pause withdrawals? Binance temporarily suspended withdrawals on multiple networks as a precautionary measure following a security incident in which funds were drained from its hot wallets. Founder Changpeng Zhao said the company had likely been hacked, and Binance stated user funds would be fully covered, though it has not confirmed the exact amount stolen. _Anyone tracking exchange security incidents can follow verified crypto breach coverage on daily.dev._ ### How much crypto was stolen in the Binance hack? Crypto watchers estimated at least $2 billion was drained from Binance's hot wallets, while some estimates put the loss as high as $5.7 billion. These figures were unconfirmed and the theft may still have been ongoing. Circle froze about $800 million in Tether and Tether froze $1.56 billion connected to the incident. _Developers evaluating crypto platform risk can track breach scale updates like this on daily.dev._ ### What happened in the Polymarket breach? Polymarket briefly halted trading after confirming a third-party company was compromised, forcing it to pause withdrawals. Security researchers said hackers stole around $2 million in user funds by compromising software developed by a company called DebugBear, in an incident separate from the Binance hack. _Teams assessing third-party software risk can follow incidents like the Polymarket breach on daily.dev._ ## Similar posts on daily.dev - [Polymarket says hackers stole users' funds](https://daily.dev/posts/polymarket-says-hackers-stole-users-funds-t57t1dzov) · TechCrunch · 0 upvotes · 0 comments - [Crypto firm accidentally sends R700-billion in bitcoin to its users](https://daily.dev/posts/crypto-firm-accidentally-sends-r700-billion-in-bitcoin-to-its-users-498f0weq9) · TechCentral · 0 upvotes · 0 comments - [Hackers steal $3.6 million from crypto ATM giant Bitcoin Depot](https://daily.dev/posts/hackers-steal-3-6-million-from-crypto-atm-giant-bitcoin-depot-zy1khutys) · BleepingComputer · 0 upvotes · 0 comments - [Polymarket confirms hackers stole $3M from users after third-party vendor was compromised](https://daily.dev/posts/polymarket-confirms-hackers-stole-3m-from-users-after-third-party-vendor-was-compromised-xjgaqqwd9) · The Next Web · 0 upvotes · 0 comments --- Tags: [#cyber](https://daily.dev/tags/cyber), [#crypto](https://daily.dev/tags/crypto) [View this post on daily.dev](https://daily.dev/posts/binance-pauses-withdrawals-as-hackers-suspected-of-stealing-billions-in-crypto-pnen9prdv) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Binance pauses withdrawals as hackers suspected of stealing billions in crypto","url":"https://daily.dev/posts/binance-pauses-withdrawals-as-hackers-suspected-of-stealing-billions-in-crypto-pnen9prdv","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/binance-pauses-withdrawals-as-hackers-suspected-of-stealing-billions-in-crypto-pnen9prdv"},"datePublished":"2026-10-29T22:28:42.100Z","dateModified":"2026-10-30T04:27:18.020Z","description":"Binance has paused withdrawals on multiple networks after a security incident drained funds from its hot wallets. 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Founder Changpeng Zhao said the company had likely been hacked, and Binance stated user funds would be fully covered, though it has not confirmed the exact amount stolen. Anyone tracking exchange security incidents can follow verified crypto breach coverage on daily.dev."}},{"@type":"Question","name":"How much crypto was stolen in the Binance hack?","acceptedAnswer":{"@type":"Answer","text":"Crypto watchers estimated at least $2 billion was drained from Binance's hot wallets, while some estimates put the loss as high as $5.7 billion. These figures were unconfirmed and the theft may still have been ongoing. Circle froze about $800 million in Tether and Tether froze $1.56 billion connected to the incident. 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