Binance says the currently verified total frozen amount is $2.54 billion, and it may continue to rise
On October 29, 2026, Binance’s official account posted that it had noticed discrepancies in the publicly circulating figures for the frozen amount, including references to $1.8 billion. The company said the currently verified total frozen amount is $2.54 billion. That figure may continue to rise, as the team is working with law enforcement agencies, issuers, blockchain intelligence firms, and industry partners to trace and freeze more assets. Binance said it will only share confirmed figures and will provide updates once more verified information becomes available.
On the same day, the total allegedly related outflows cited by on-chain analysis and media reports ranged from about $3.3 billion to $5.8 billion, with the exact figure varying depending on the chain, token, and statistical methodology. Tether and Circle had previously frozen related stablecoins, and Paxos also froze 1,906.67 PAXG. Binance had previously confirmed that security checks were underway, withdrawals would resume after the security issue was fully resolved, and that user funds were safe.
This statement from Binance concerns the total frozen amount and does not confirm the nature of the incident or the final scale of losses.
Original sources:
Title: We are aware of differing figures circulating publicly regarding the amount frozen... Publisher: Binance (@binance) Date: 2026-10-29 URL: https://x.com/binance/status/2115947325617299903 Source type: official announcement Verification status: full post read in this session, verification date 2026-10-29 Supporting content: Binance says the currently verified total frozen amount is $2.54 billion, and it may continue to rise
Title: Onchain tracking claims the Binance hack is around $5.5 billion... Publisher: Jacquelyn Melinek (@jacqmelinek) Date: 2026-10-29 URL: https://x.com/jacqmelinek/status/2115947325617299903 Source type: journalist’s post Verification status: related content read in this session, verification date 2026-10-29 Supporting content: cites on-chain tracking claiming about $5.5 billion and relays Binance’s frozen figure (background)
Title: Our team is conducting security checks. Withdrawals will resume as soon as the security issue is fully resolved. Publisher: Binance (@binance) Date: 2026-10-29 URL: https://x.com/binance/status/2115935002139742437 Source type: official announcement Verification status: official post read in this session, verification date 2026-10-29 Supporting content: Binance confirms that security checks are underway (background)
ABAB AI Insight
Binance’s $2.54 billion is the “currently verified total frozen amount,” which differs from on-chain tracking estimates of the suspected total outflows. The frozen amount reflects assets already locked by issuers and partners, rather than the full scale of assets involved in the incident. The publicly circulating figures of $3.3 billion to $5.8 billion come from different on-chain analysis methodologies and span multiple chains and tokens; they have not been confirmed by Binance as the final loss.
In terms of capital paths, the freezing function is concentrated in assets that can be frozen, such as stablecoins and gold-backed tokens, while native assets such as ETH and BTC cannot be locked through an issuer blacklist. The already frozen portion reduces the likelihood that the related assets will be further transferred or liquidated, but the unfrozen portion still depends on subsequent tracing and cooperation with law enforcement. Binance explicitly said the figure may continue to increase, indicating that the scope of freezing is still expanding.
Unlike on-chain real-time estimates, official verified figures require issuer confirmation and internal reconciliation. The indicators to watch are whether Binance updates the frozen total later and changes in the flow of unfrozen assets in the relevant addresses.
ABAB News · Cognition Law
The officially verified total frozen amount and on-chain estimated outflows are different measures: the former reflects assets already locked, while the latter reflects the suspected scale of transfers.
The speed of locking freezeable assets affects the recoverable proportion, while native assets depend on subsequent tracing rather than issuer blacklists.