Binance Says Verified Frozen Assets in Security Incident Total $2.54 Billion, More Tracing Underway
Summary
- Binance said assets frozen in connection with the security incident total $2.54 billion.
- Binance said it is tracing assets with law enforcement agencies, stablecoin issuers, blockchain analytics firms and industry partners.
- Binance said the frozen total could rise as additional assets are traced and blocked, and that it will disclose only verified information.
Forecast Trend Report by Period
Binance said assets frozen in connection with the security incident have been confirmed at a total of $2.54 billion. The exchange disclosed the official tally after differing figures circulated in the market and said it is also working to block additional assets.
On Oct. 29, Binance wrote on its official X account that it was aware multiple figures were circulating publicly, including references to $1.8 billion in frozen assets. The current verified total amount frozen is $2.54 billion, the company said.
The company is continuing to trace assets with law enforcement agencies, stablecoin issuers, blockchain analytics firms and industry partners. The total could rise further as additional assets are tracked and frozen.
The figure disclosed this time reflects assets whose movement has been blocked. Binance said it would share only confirmed figures and provide further updates as additional verified information becomes available.
Doohyun Hwang
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