Binance says the currently verified total frozen amount is about $3 billion, user funds are safe
On October 30, 2026, Binance’s official account posted an update saying that the currently verified total frozen amount is about $3 billion. The company said the team continues to work closely with law enforcement agencies, issuers, blockchain intelligence companies, and industry partners to trace and freeze more assets. The company said it is only sharing confirmed figures and will provide further updates when more verified information becomes available. User funds are safe.
Previously, Binance had said it would cover all hack losses, deposits and withdrawals were temporarily suspended, and the team was conducting security checks, freezing funds, and working with law enforcement agencies. Co-founder Yi He also said user funds are safe and that a full postmortem analysis will be shared after the investigation is completed.
Original source:
Title: Update: The current verified total frozen amount is around $3 billion. Publisher: Binance (@binance) Publication date: 2026-10-30 URL: https://x.com/binance（用户提供原帖内容） Source nature: official announcement Verification status: related content read this time, verification date 2026-10-29 Supporting content: Binance says the currently verified total frozen amount is about $3 billion, only sharing confirmed figures, user funds are safe
ABAB AI Insight
Binance updated the currently verified total frozen amount from the previously reported $2.54 billion to about $3 billion. This figure is the company’s officially confirmed frozen portion, and differs from the independently estimated total outflow scale by on-chain analysts, which is about $6.28 billion. The company is only sharing confirmed figures, and the unfrozen portion still depends on subsequent tracing and cooperation.
On the capital flow path, the freezing operation is carried out by issuers, the security committee, and partners, while the coverage commitment is for Binance to bear the final losses. The suspension of deposits and withdrawals is a risk-control measure that restricts fund in- and outflows before security checks are completed. Yi He said that a full postmortem analysis will be shared after the investigation is completed, and the specific cause of the incident and the final loss scale have not yet been disclosed.
Unlike the estimates from independent analysts, the official update only reflects the verified frozen portion. The observation points are whether Binance further updates the verified total frozen amount and the specific disclosures on the total loss and coverage arrangement in the postmortem analysis.
ABAB News · Law of Cognition
The exchange’s officially verified total frozen amount and the independently estimated total outflow are different measures and cannot be directly equated.
The company is only sharing confirmed figures, and the unconfirmed portion still depends on subsequent tracing and partner operations.