BNB falls as much as 9% after reports of $2.77 billion leaving Binance wallets

On-chain trackers flagged large transfers across five blockchains, but Binance has not confirmed any hack or loss of funds Binance Coin fell as much as 9% on October 29, 2026. The drop followed reports that roughly $2.77 billion had moved out of Binance-linked wallets. Nobody at Binance has said the word “hack.” The market, however, did not wait for a press release before reaching for the sell button. What the on-chain data showed The reported outflows spanned five different blockchains and involved more than 60 tokens. On-chain analytics firm TreeAI detected large transfers heading to freshly created addresses. Some of those transfers were potentially tied to Tornado Cash, the crypto mixing service. That detail is what turned a big-number story into a security-scare story. Binance has not officially confirmed any asset losses or any breach connected to the movements. As of the reports, the transfers remain unexplained rather than confirmed as malicious. The broader market felt the pressure anyway. Bitcoin dipped toward $78,000 as the outflow reports circulated. A shrinking stablecoin cushion The outflow reports landed on top of a slower trend that was already drawing attention. Bi...