{"id":4004,"date":"2026-10-30T08:02:14","date_gmt":"2026-10-30T08:02:14","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/10\/30\/crypto-platform-binance-confirms-major-hack-more-than-2-5bn-frozen\/"},"modified":"2026-10-30T08:02:14","modified_gmt":"2026-10-30T08:02:14","slug":"crypto-platform-binance-confirms-major-hack-more-than-2-5bn-frozen","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/10\/30\/crypto-platform-binance-confirms-major-hack-more-than-2-5bn-frozen\/","title":{"rendered":"Crypto platform Binance confirms major hack, more than $2.5bn frozen"},"content":{"rendered":"<div><img width=\"930\" height=\"523\" src=\"https:\/\/globalnigerianews.com\/wp-content\/uploads\/2026\/10\/Crypto-platform-Binance-confirms-major-hack-more-than-2.5bn-frozen.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"Binance\" decoding=\"async\" fetchpriority=\"high\" srcset=\"https:\/\/globalnigerianews.com\/wp-content\/uploads\/2026\/10\/Crypto-platform-Binance-confirms-major-hack-more-than-2.5bn-frozen.jpg 930w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2024\/02\/Binance-1-300x169.jpg 300w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2024\/02\/Binance-1-768x432.jpg 768w\" sizes=\"(max-width: 930px) 100vw, 930px\"><\/p>\n<p class=\"wp-block-paragraph\">Cryptocurrency platform Binance said Thursday it had fallen victim to a major hack that had resulted in the freezing of more than $2.5 billion in an effort to prevent them from being stolen.<\/p>\n<p class=\"wp-block-paragraph\">The company \u2014 the world\u2019s largest crypto exchange by daily trading volumes \u2014 said it had suspended trading on certain products.<\/p>\n<p class=\"wp-block-paragraph\">It nevertheless insisted: \u201cUser funds are completely safe.\u201d<\/p>\n<p class=\"wp-block-paragraph\">Several experts said it looked like a massive amount of assets had been stolen.<\/p>\n<p class=\"wp-block-paragraph\">\u201cIt does look like a hack on Binance,\u201d said former Binance chief Changpeng Zhao, who no longer runs the group but remains a majority shareholder.<\/p>\n<p class=\"wp-block-paragraph\">Paolo Ardoino, the CEO of Tether \u2014 a company that issues a cryptocurrency known as USDT \u2014 said his firm froze about $1.6 billion \u201crelated to a potential Binance exchange hack.\u201d<\/p>\n<p class=\"wp-block-paragraph\">Circle boss Jeremy Allaire said his company had frozen more than $800 million in USDC.<\/p>\n<p class=\"wp-block-paragraph\">USDT and USDC are both \u201cstablecoins,\u201d or digital currencies whose value is linked to a traditional currency, the US dollar.<\/p>\n<p class=\"wp-block-paragraph\">For several hours before Binance confirmed the attack, several industry observers said hackers had managed to reach the platform.<\/p>\n<p class=\"wp-block-paragraph\">Some said it could be the biggest-ever cyberattack of its kind, with a haul exceeding the $1.5 billion stolen in February 2025 from the Bybit platform \u2014 an incident attributed to hackers affiliated with North Korea.<\/p>\n<p class=\"wp-block-paragraph\">Bitcoin prices fell more than three percent on the news.<\/p>\n<p class=\"wp-block-paragraph\">\n<p class=\"wp-block-paragraph\">\n<p>The post <a href=\"https:\/\/www.vanguardngr.com\/2026\/10\/crypto-platform-binance-confirms-major-hack-more-than-2-5bn-frozen\/\">Crypto platform Binance confirms major hack, more than $2.5bn frozen<\/a> appeared first on <a href=\"https:\/\/www.vanguardngr.com\/\">Vanguard News<\/a>.<\/p>\n<\/div>\n<p>Source: <\/p>\n<div class=\"nSourse\">Vanguard News<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency platform Binance said Thursday it had fallen victim to a major hack that had resulted in the freezing of more than $2.5 billion in an effort to prevent them&hellip; <\/p>\n","protected":false},"author":1,"featured_media":4005,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-4004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/4004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=4004"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/4004\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media\/4005"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=4004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=4004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=4004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}