“A Binance-run transfer has no reason to start from a mixer-seeded wallet.”

“Tree News, a market alert feed, put the outflow at about $2.53 billion across more than 60 tokens and labeled it a suspected key compromise”

“The receiving address also split the funds onward at once, a pattern seen in the Bitget hack timeline after the stolen coins moved.”

“Binance keeps customer assets in these wallets, so a confirmed key compromise would test whether its emergency reserve fund can absorb a loss this size.”

“It COULD be routine wallet maintenance, but it looks extremely sus”

The central question: Who controls the wallets holding billions in Binance customer assets?

devs

**BeInCrypto, October 29, 2026**

“A Binance-run transfer has no reason to start from a mixer-seeded wallet.”

“Tree News, a market alert feed, put the outflow at about $2.53 billion across more than 60 tokens and labeled it a suspected key compromise”

“The receiving address also split the funds onward at once, a pattern seen in the Bitget hack timeline after the stolen coins moved.”

“Binance keeps customer assets in these wallets, so a confirmed key compromise would test whether its emergency reserve fund can absorb a loss this size.”

**On-chain researcher Spreek:**

“It COULD be routine wallet maintenance, but it looks extremely sus”

**The central question: Who controls the wallets holding billions in Binance customer assets?**

Source: [BeInCrypto — *Is Binance Being Hacked? $2 Billion Outflow Puts Customer Funds in Question*](https://beincrypto.com/is-binance-being-hacked-customer-funds/)