The amount frozen in the suspected Binance hack has reached about $3 billion, and it is growing faster than the estimates of what was taken. In an official update on X at 00:52 UTC on 30 Octo
The amount frozen in the suspected Binance hack has reached about $3 billion, and it is growing faster than the estimates of what was taken. In an official update on X at 00:52 UTC on 30 October, Binance said "the current verified total frozen amount is around $3 billion." That is up from $2.54 billion at 23:22 UTC, roughly $460 million more frozen in 90 minutes, or about $5 million a minute.
On the lower outflow estimates, the freeze now covers most of the loss, which changes how large a promise Binance made when it said it will cover all losses.
The freeze ratio depends on which outflow number you use. FinanceFeeds' on-chain review tracked about $3.3 billion leaving Binance hot wallets on Ethereum. Against that, $3 billion frozen is about 91%, leaving a gap near $300 million that the SAFU fund could close several times over. Decrypt's tally of at least $5.57 billion across Ethereum, Bitcoin and Tron puts the freeze at about 54%. That would leave roughly $2.5 billion, mostly Bitcoin and ETH, which no issuer can freeze.
Frozen is not the same as recovered. Blacklisted USDT and USDC stay where they are until the issuer reissues or burns them, usually after law enforcement or a court confirms ownership. Tether and Circle have done this before, but it takes weeks, not hours. In the meantime, the frozen tokens mainly reduce what Binance would have to fund up front, rather than returning money to its balance sheet straight away.
Binance has still not published its own loss figure. Its update repeats that it "will only share confirmed figures," so the frozen total is official but the outflow total is not.
The freeze is no longer limited to stablecoin issuers. Binance co-CEO Yi He said on X at 00:24 UTC that the "Arbitrum Security Council has executed a transaction to freeze ~$30.5M from the Binance Exploit." It is a small share of the total. Still, a layer-2 network's governance body moving to lock attacker funds will revive the debate over how much emergency control "decentralised" networks actually keep. Tether, which froze more than 1.567 billion USDT, and Circle, which froze more than 800 million USDC "in coordination with law enforcement," still account for most of the total.
Yi He's post is also the first time a senior Binance executive has used the word "exploit." CEO Richard Teng, posting two minutes earlier, still described a "potential security issue" in a thread on X: "I want to be direct: user funds remain SAFE." Teng's wording matches the exchange's cautious first statement, which FinanceFeeds showed was edited twice in 13 minutes. Yi He's matches what the on-chain data shows. Binance's corporate account has used neither "hack" nor "exploit."
All deposits and withdrawals remain suspended, extending the withdrawal halt that began at 22:15 UTC. Binance has promised "a full post-mortem once the investigation is complete" but has given no reopening time.
The faster the frozen total climbs, the smaller the bill behind Binance's "cover all losses" pledge becomes. That should ease counterparty worries even while the platform stays closed. Markets have not priced that in yet. BNB traded at $690.43 at 00:54 UTC, down 8.6% in 24 hours, and Bitcoin at $76,980, down 5%, according to CoinGecko.
The next figures that matter are an official loss total and a reopening timeline. If Binance's frozen number keeps rising and the post-mortem confirms a loss near the $3.3 billion Ethereum estimate, this could become one of the best-contained large exchange breaches on record. Bybit, by comparison, has recovered only $48.4 million of its $1.5 billion. No government agency or regulator has commented publicly. FinanceFeeds will update this coverage as official information arrives.
