Binance investigates a suspected large-scale hack after billions in user funds were reportedly drained from wallets
On October 29, 2026, Binance said its teams were reviewing information with urgency after users reported roughly $5.7 billion drained from wallets. Former executive Changpeng Zhao said on X that the exchange appeared to have been hacked, while a company spokesperson said it was still investigating. Tether and Circle froze more than $1 billion in crypto, and Binance limited withdrawals.
20
Divergence score
2 outlets covered it, splitting into 2 framing camps across 2 bias groups.
2 camps
2 bias groups
Market signalBETA
The spectrum · how 2 outlets placed this story
LeftCenterRight
Axios
NY Post
Supportive of action
Neutral
Dismissive
Critical
Alarmist
International angle
Widest split · the two outlets furthest apart, and who published first
Furthest apart on this story
Axios
Binance probes possible $5.7 billion crypto hack, possibly the biggest in history
Record-scale breach amid a wave of cyberattacks · negative
NY Post
Binance founder says crypto exchange may have been hacked — leading to firms freezing over $2B
Founder's claim with reassurance on funds · neutral
First to report
- NY Postfirst
- Axios+6 min
By each outlet's earliest publish time in this story. Feeds that index slowly can appear later than they printed.
The split, in one line
Both outlets lead with Zhao's hack claim, but Axios frames it as possibly the biggest crypto hack in history amid "Black October," while the Post stresses user funds were safe and firms froze over $2B.
How each outlet covered it
Lightly covered so far
Too few outlets to map a left-right split. Here is each take as it stands.
Sparse coverage · 2 outlets
“Binance probes possible $5.7 billion crypto hack, possibly the biggest in history”
“Binance founder says crypto exchange may have been hacked — leading to firms freezing over $2B”
6 tracked claims across 2 outlets
Fact ledger
All6Disputed1Claimed5
1/2
Disputed
The amount frozen by Tether and Circle was more than $1 billion versus over $2 billion
Corroborated
Disputed
5 more tracked claimsSign up free to see the full ledger