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Binance freezes $2.54 billion in stolen crypto following major hack

Binance has confirmed that $2.54 billion in stolen crypto assets has been frozen following a major security breach, noting the sum could rise as onchain investigators continue tracing funds.

Binance logo and name in yellow against a solid black background.
Image: @Cointelegraph

Binance has confirmed that $2.54 billion worth of stolen cryptocurrency has been frozen in the wake of a major exchange hack, according to statements reported by Cointelegraph and Watcher.Guru. The exchange clarified that the verified frozen amount currently sits at $2.54 billion, adding that the figure may continue to increase as the investigation and fund recovery efforts continue.[1][2][7]

The confirmation arrived amid varied third-party estimates concerning the full scale of the exploit. Reporter Jacquelyn Melinek reported that onchain tracking claims placed the breach at roughly $5.5 billion, while social posts by The Kobeissi Letter alleged outflows reached around $5.7 billion across Ethereum, Bitcoin, and TRON networks.[2][5][6]

The incident also drew attention from Elon Musk, who responded to breaking reports of the exploit by posting the phrase "Everyday is Zeroday."[3][4][5][6][8]

Key facts

  • Binance stated that a verified total of $2.54 billion in stolen cryptocurrency has been frozen following a major hack.
  • Binance noted that the amount of frozen assets may continue to increase as the investigation progresses.
  • Onchain tracking claims estimated the Binance hack at around $5.5 billion, according to Jacquelyn Melinek.
  • A quoted report from The Kobeissi Letter claimed wallets across the Ethereum, Bitcoin, and TRON networks saw outflows of approximately $5.7 billion.
  • Elon Musk publicly responded to the reported hack by writing "Everyday is Zeroday."

Sources · 7 sources

  1. WG

    Watcher.Guru@WatcherGuruPost on X ·

    JUST IN: Binance says $2,540,000,000 worth of stolen crypto has been frozen following major hack. "This figure may continue to increase."

    Open source
  2. JM

    Jacquelyn Melinek@jacqmelinekPost on X ·

    Onchain tracking claims the Binance hack is around $5.5 billion But @Binance just stated “for clarity, the current verified total frozen is $2.54 billion.” The exchange also noted “this figure may continue to increase” with the ongoing investigation.

    Open source
  3. KC

    Kalshi Crypto@Kalshi_CryptoPost on X ·

    JUST IN: Elon Musk says "everyday is zeroday" following Binance hack

    Open source
  4. SI

    Solid Intel 📡@solidintel_xPost on X ·

    INTEL: Elon Musk reacts to the Binance hack: "Everyday is Zeroday"

    Open source
  5. SO

    SolanaFloor@SolanaFloorPost on X ·

    NEW: @elonmusk says “Everyday is Zeroday,” reacting to the Binance hack. https://t.co/kp98u20TXB

    Open source
  6. DN

    DEGEN NEWS@DegenerateNewsPost on X ·

    NEW: @elonmusk REACTS TO THE @binance HACK - "EVERYDAY IS ZERODAY" https://t.co/9KKHwnNPAa

    Open source
  7. CO

    Cointelegraph@CointelegraphPost on X ·

    🚨 JUST IN: Binance officially confirms $2.54B in assets frozen so far, with the total potentially rising as efforts to trace funds continue. https://t.co/oC3PcTJy5x

    Open source
  8. WG

    Watcher.Guru@WatcherGuruPost on X ·

    JUST IN: Elon Musk says "everyday is zeroday" following Binance hack. https://t.co/2OvnCT500E

    Open source