Blockchain

Binance Exploiter Swaps $911 Million Into ETH and TRX, Arkham Says

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 30/10/2026, 04:42:24 UTC.

Briefings

Arkham Intelligence reported that a Binance exploit allowed attackers to convert over $911 million of USDT into ETH and TRX, bypassing Tether's freezing mechanism. As of October 2026, approximately $2.8 billion of the stolen assets were already frozen by exchanges, with the remainder likely still in circulation. The incident occurred in late 2026, and the full details are available in The Defiant.

Key points

• A Binance exploit enabled attackers to convert over $911 million of USDT into ETH and TRX, bypassing Tether's token-freezing mechanism.
• As of October 2026, approximately $2.8 billion of the stolen assets were already frozen by exchanges, with the remainder likely still in circulation.

Context

This incident represents a significant escalation in cryptocurrency theft, as it demonstrates the vulnerability of major exchanges to sophisticated exploits that can bypass standard security protocols. The rapid freezing of billions in assets highlights the urgent need for improved exchange security measures.

Limitations

Evidence is limited to Arkham Intelligence's report and mentions of The Defiant publication. Specifics on the total stolen amount beyond the $911 million conversion, the exact date of the exploit, and the precise number of frozen assets are not fully detailed in the provided source.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 30/10/2026, 05:43:46 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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