Digital Currency

Add as a preferred source on Google

Wallets Tied to Binance Breach Held $5.45 Billion as of Nov. 10

The balance included $2.85 billion available and $2.6 billion frozen; about $891 million of the $6.34 billion estimated total may have moved or been laundered.

Updated 1 min read
An analyst reviews crypto transfers on a laptop in Singapore's Central Business District / TokenPost.ai
An analyst reviews crypto transfers on a laptop in Singapore's Central Business District / TokenPost.ai

Nearly half of the $5.45 billion in tracked wallet assets tied to Binance’s Oct. 29 breach was frozen on Nov. 10, while $2.85 billion remained available.

Of the remaining balance, $2.85 billion was listed as available and $2.6 billion as frozen. Together, those figures account for the $5.45 billion still held, while the $891 million estimate covers the difference from the initial total.

Transactions also passed through THORChain and Chainflip during the two to three days before the Nov. 10 snapshot. That activity describes routes used by some funds; it does not show that the full $891 million was laundered.

Binance has said it would cover the estimated loss and that customers would not bear the financial impact, as outlined in its earlier pledge.

Related articles

View all