Binance Confirms Security Incident and Pauses Withdrawals on Multiple Networks

Binance confirmed a security incident on October 29, 2026, after users reported funds being drained from its wallets. The exchange temporarily suspended withdrawals on multiple networks as a precaution, spokesperson Ross O'Leary said. Binance stated user funds are completely safe and that it is actively investigating. Founder Changpeng Zhao said the company had likely been hacked. Loss figures remain unconfirmed.