Binance probes potential $5.8 billion crypto theft

Binance is investigating a possible breach after billions in assets moved from its hot wallets to a new Ethereum address, with Arkham tracking up to $5.78 billion across 55 addresses. Tether and Circle froze over $2.3 billion in linked stablecoins, and Changpeng Zhao said the incident appeared to be a hack.

• Arkham tracks 55 addresses holding about $5.78 billion
• Tether froze $1.567 billion in USDT, Circle $800 million in USDC
• Wallet Binance 14 sent roughly $2.53 billion in 64 tokens
• Previous record was Bybit's $1.5 billion hack in February 2025