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Circle reportedly freezes $823 million in USDC linked to suspected Binance hack

Multiple crypto market trackers and news accounts reported that Circle froze $823 million in USDC onchain following a suspected security incident involving Binance.

Graphic showing the yellow Binance logo alongside the multi-colored Circle logo on a dark background with a news banner at the bottom.
Image: @crypto_banter

Crypto intelligence and news accounts reported on Oct. 29, 2026, that stablecoin issuer Circle froze $823 million in USDC onchain. According to reports from Watcher.Guru and Kalshi Crypto, the frozen stablecoins were tied to a suspected hack targeting cryptocurrency exchange Binance.[3][4]

Solid Intel similarly described the frozen funds as $823 million in stolen USDC, while Crypto Banter reported that the onchain freeze took place amid a suspected Binance hot wallet incident.[1][2]

Key facts

  • Reports from multiple crypto accounts stated Circle froze $823 million in USDC onchain.
  • Watcher.Guru and Kalshi Crypto linked the frozen funds to a suspected Binance hack.
  • Solid Intel reported that the frozen $823 million in USDC was stolen.
  • Crypto Banter reported that the freeze occurred amid a suspected Binance hot wallet incident.

Sources 路 4 sources

  1. CB

    Crypto Banter@crypto_banterPost on X 路

    馃毃CIRCLE FREEZES $823M IN SUSPECTED BINANCE STOLEN USDC! @Circle has frozen $823 million in stolen USDC onchain amid the suspected Binance hot wallet incident.

    Open source
  2. SI

    Solid Intel 馃摗@solidintel_xPost on X 路

    INTEL: Circle $CRCL froze $823 million in stolen USDC onchain

    Open source
  3. WG

    Watcher.Guru@WatcherGuruPost on X 路

    JUST IN: Circle freezes $823 million $USDC linked to suspected Binance hack.

    Open source
  4. KC

    Kalshi Crypto@Kalshi_CryptoPost on X 路

    JUST IN: Circle freezes $823M linked to suspected Binance hack

    Open source