Binance Hot Wallet Suspected of Being Compromised with $2.5 Billion Transferred
Written with artificial intelligence.
On October 30, data from Etherscan revealed that Binance's hot wallet, 'Binance 14', transferred approximately $2.5 billion in assets, including 167,500 ETH and 1.615 billion USDT, to a new address. The transaction, traced back to Tornado Cash, has raised concerns of a potential theft, though Binance has not yet issued a statement.
Incident Overview
On October 30, a significant transaction involving Binance's hot wallet named 'Binance 14' was reported, prompting concerns about a potential security breach. At 04:24 Beijing time, the wallet conducted a transfer of funds to a new address (0x5227…CB2f8c).
Details of the Transfer
The transaction included:
- Approximately 167,500 ETH (valued at about $379 million)
- Around 1.615 billion USDT
- Over 60 additional tokens, including RLUSD, wBETH, XAUt, UNI, and USD1
The total value of the assets transferred is estimated to be around $2.5 billion. The origin of the funds for this transaction was traced to an address associated with Tornado Cash, which is known for facilitating privacy-focused transactions.
Current Status
Despite the serious nature of this incident, Binance has yet to respond publicly. As the situation develops, further updates will be essential for users and investors concerned about the security of their assets.