# Binance investigates potential security issue after $2 billion wallet outflow

_Published Thursday, October 29, 2026 at 6:18 PM EDT · Security · Latest · Tier 1 — Major_

![Binance investigates potential security issue after $2 billion wallet outflow — Primary](https://s.yimg.com/lo/mysterio/api/2993fa43210e88397c20af5660e2f8a712a9acc541724e084b3e1eac7a1887c9/lightyear_networkapi/resizefill_w1200%3Bquality_80%3Bformat_webp/https%3A%2F%2Fmedia.zenfs.com%2Fen%2Fbeincrypto_us_662%2Fba1088b11cecf1f705267b4b919b3253.jpg)

More than $2 billion in Ethereum and tokens left Binance hot wallets on October 29 for a newly created address, BeInCrypto reported, citing Etherscan data. Binance said it was investigating reports of a potential security issue and had not confirmed any impact to user funds.

At 20:24 UTC, Binance 14 transferred 167,464 ETH and 63 tokens. Binance 16 sent another 28,005 ETH to the same address 24 seconds later. A wallet funded through Tornado Cash triggered the transfer. The outflow could represent wallet maintenance; a theft had not been confirmed.

## Sources

- [Yahoo Finance](https://finance.yahoo.com/markets/crypto/articles/binance-being-hacked-2-billion-204922834.html)

---
Canonical: https://techandbusiness.org/newswire/xfYV7OkmFTjGB54g0wuVh1
Published: 2026-10-29T22:18:54.165Z
Story chronology: 2026-10-29T20:24:00.000Z
Retrieved: 2026-10-30T00:33:38.478Z
Publisher: Tech & Business (techandbusiness.org)