https://mr.nickyam.com/tags/exchange-security/Recent content in Exchange Security on Mr.YamHugoen-usFri, 30 Oct 2026 12:03:00 +0800https://mr.nickyam.com/Crypto/Binance-Hot-Wallet-Breached-5-6-Billion-Drained/Fri, 30 Oct 2026 12:03:00 +0800https://mr.nickyam.com/Crypto/Binance-Hot-Wallet-Breached-5-6-Billion-Drained/<p>Around 4 a.m., Bitcoin was still hovering near $80k. By mid-morning, it had broken below $77k, down more than 5% over 24 hours. What brought the market down was not macro data, but a string of on-chain transfers.</p> <p>At 20:24 UTC on October 29, a transaction was sent from an ETH hot wallet flagged as belonging to Binance, moving out 167,464 ETH plus 63 types of tokens, including 1.615 billion USDT, all sent to a freshly generated address[1]. On-chain statistics later put the total at no less than $5.57 billion across three chains. Chainalysis estimated even higher — at $5.912 billion based on prices at the time of the theft, equivalent to four times the 2025 Bybit hack[2].</p>