CRYPTO IS BURNING!! ๐ฅ Binance Hacked? Up to $5.8 BILLION Drained (Biggest Ever?)
Binance hack: up to $5.8B drained, what we know so far. Full article with sources ๐ https://rabidmining.com/?p=12682&preview=true
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๐ VIDEO LINKS
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Binance Hack 2026: What We Know So Far (article + all sources):
Binance Hack 2026: What We Know So Far About the Billion-Dollar Heist
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๐ VIDEO DESCRIPTION
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The largest crypto hack in history may have just happened, at the largest exchange in the world. On the evening of October 29, 2026, billions of dollars started leaving wallets labeled as Binance hot wallets. In this video I break down what’s confirmed, what’s still a guess, and what you should do right now.
WHAT WE COVER
– What happened: Binance hot wallets drained over roughly 40 minutes, with loss estimates from about $2.8B to $5.8B depending on the source. Binance has not published a loss figure.
– Binance says it is investigating a potential security issue and that user funds are safe. It has not formally called it a hack. CZ said it does look like one.
– Tether and Circle froze over $2.3B in stablecoins, and Binance cites $2.54B frozen. Frozen is not the same as recovered.
– The possible cause: an EIP-7702 transaction, with the attacker’s setup address funded through Tornado Cash. How the attacker got the signature is unknown, and no group has been credibly named.
– Is it the biggest crypto hack ever? Compared with the 2025 Bybit hack (about $1.46B).
– Safety: fake "unlock your funds" scams, self-custody, and why miners should check where their pool payouts go.
Everything is still developing and the numbers keep changing. If you have newer info, post it in the comments.
DISCLOSURE: Sponsored by Crypto Miner Bros (370+ miners, cooling, power supplies, ASIC repair). The Crypto Miner Bros link is a sponsor/referral link.
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๐ TOPICS COVERED
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Binance hack 2026
Binance hot wallets drained
Biggest crypto hack ever
EIP-7702 and Tornado Cash
Tether and Circle freeze stablecoins
Binance withdrawals paused
CZ comments on the Binance hack
Bybit hack comparison
Crypto scams after the hack
Self-custody and mining payouts
#BinanceHack #Binance #CryptoNews #Crypto #CryptoHack
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โ ๏ธ DISCLAIMER
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Rabid Mining is not a financial advisor. This content is for educational and entertainment purposes only. This video includes a paid sponsorship from Crypto Miner Bros, and some links may be affiliate, referral, or paid links, which may support the channel at no extra cost to you. Information about the Binance incident is unconfirmed and changing, and some of it was gathered with AI assistance from public reports, so verify with official sources. Always do your own research before investing in cryptocurrency or moving funds.
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โฑ๏ธ CHAPTERS
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0:00 Intro – Largest Crypto Hack Ever?
1:01 Sponsor – Crypto Miner Bros ($75 Off)
1:46 What Happened – Hot Wallets Drained
2:25 Everything Confirmed So Far
3:19 Binance Statement vs CZ
3:57 Tether & Circle Freeze Funds
4:26 EIP-7702 & Tornado Cash
4:56 Timeline Of The Hack
6:36 How Much Was Taken? Estimates Compared
7:41 How Did It Happen? Known vs Guesses
9:16 Biggest Crypto Hack Ever? vs Bybit
10:14 Urgent Warning – Fake Unlock Scams
11:38 Miners – Check Your Payout Addresses
12:09 Self-Custody – Keep Your Own Keys
12:51 Market Impact & Price Talk
13:21 Your Thoughts & Outro