Binance shuts down withdrawals amid suspected security incident

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By William Smith • Updated Oct 30, 2026 at 01:35

Multi-billion Binance hack hitting crypto markets - CoinDesk — Binance shuts down withdrawals amid suspected security incident

Binance has paused withdrawals and is examining 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.

“Reports indicate the incident has sent fears rippling through crypto markets,” — Elena Iversen, research director at Greencroft Ham Services, added during the briefing.

Timeline

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

Oct 30 — Reports indicate the incident has sent fears rippling through crypto markets....

Reader Poll: Has this affected your local community? — 79% of Zarakarcom readers said yes.

This story has been closely followed by our readers since Oct 29. The Greencroft Ham Services desk continues tracking updates and will publish follow-ups across the region.

What's next: A follow-up briefing is expected by Thursday, Nov 5.

ICYMI: Henry Pollock's dietary habits under scrutiny after weight gain

Editor's note: this report was prepared by the Greencroft Ham Services desk and last updated 02:02 UTC.

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