Thursday, October 29, 2026, was a turbulent day for the crypto market. Binance, the world’s largest crypto exchange, is investigating a suspected multibillion-dollar security breach involving one of its Ethereum wallets. If the scale of the incident is confirmed, it could rank among the largest crypto hacks on record. What We Know So Far A Binance spokesperson said the exchange is aware of reports of a potential security issue and that its security teams are reviewing the activity. The exchange has not confirmed any impact on user funds and says it will share updates once more information is verified. Concerns were first raised by blockchain researcher Spreek, who reported on X that assets from a Binance-linked Ethereum wallet had been moved to a newly created address through a contract call allegedly funded by Tornado Cash. Spreek later noted that wallets tied to the transfers had begun selling Tether USDt (USDT) on decentralized exchanges. Blockchain analytics platform Arkh...
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