Withdrawal recovery at Binance leaves networks pending
Withdrawal recovery at Binance remains network-specific after the hack, with reserve snapshots and frozen USDC answering different operational questions.
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TagWithdrawal recovery at Binance remains network-specific after the hack, with reserve snapshots and frozen USDC answering different operational questions.
6 min readOn October 29, 2026, attackers drained about $6.3 billion from Binance hot wallets across 10 blockchains, most of it in about 20 minutes. This is the largest crypto theft on record. Here's what Binance has confirmed, a minute-by-minute timeline, how an Ethereum feature called EIP-7702 was abused, who froze what, why North Korea is suspected, and what users should do now.
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