On October 29, 2026, reports confirmed that Binance had frozen $2.54 billion in assets after experiencing a multibillion-dollar security breach. Investigators continue to trace the movement of the stolen funds, with additional asset freezes remaining possible as the inquiry progresses.
Major trading entities Wintermute and GSR both publicly disclosed financial exposure to Binance following the incident. Operating as market makers that provide liquidity by placing buy and sell orders across exchanges, both firms stated that they do not anticipate major disruptions to their ongoing business activities.
At the time of the updates, price data recorded Bitcoin at $77,878.26, Ether at $2,247.10, and BNB at $695.40. Other assets listed during the coverage included Solana at $95.53, XRP at $1.23, Chainlink at $10.60, and Monero at $605.26.
For traders currently holding perpetual futures positions, this news changes nothing directly regarding funding rates, contract fees, or holding costs. The disclosures center entirely on asset freezes and market maker exposures at Binance, establishing no direct operational changes for perpetual swaps on other tracking venues. Unless further liquidity impacts arise from participating market makers, open positions remain structurally unaffected.
Source: cointelegraph — Live Updates: Binance says $2.54 billion frozen after hack