# Suspicious Binance outflows reach up to $5.8B as stablecoin issuers freeze funds

_Published Thursday, October 29, 2026 at 9:05 PM EDT · Security · Latest · Tier 2 — Notable_

Binance says it is investigating a potential security issue as suspicious outflows reach up to $5.8B, The Block reports. Tether has frozen 1.5B+ USDT, while Circle has frozen 800M+ USDC.

Onchain data shows about $3.55 billion in incoming transfers to an unlabeled wallet, with nearly $900 million subsequently moved across other wallets.

## Sources

- [Techmeme](https://www.techmeme.com/261029/p58#a261029p58)

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Canonical: https://techandbusiness.org/newswire/8UWkY78O3tyZzi30XQYYB5
Published: 2026-10-30T01:05:42.650Z
Story chronology: 2026-10-29T22:25:00.000Z
Retrieved: 2026-10-30T04:54:58.591Z
Publisher: Tech & Business (techandbusiness.org)