Binance Resumes Withdrawals After a 6.3 Billion USD Attack. Chainalysis and Swell Also Hit by Incidents
Redakcja CryptoPulsar ·
Binance resumes withdrawals after a 6.3 billion USD attack and covers 95% of the losses. Chainalysis reveals a hacker accessed customer data, while Swell battles deposit issues. Find out how to protect assets and spot red flags.
⚠️ WARNING
Confirmed events from the last few hours: an attack on Binance valued at 6.3 billion USD, a hacker accessing Chainalysis customer data, and deposit issues at Swell. In the background, large USDT, USDC and BTC transfers and a Tether Gold volume anomaly.
The crypto ecosystem has been shaken by a series of security incidents over the last few hours. Binance is resuming withdrawals after an attack that Comparic.pl values at 6.3 billion USD, with the exchange covering 95% of the losses. Chainalysis confirms that a hacker gained access to customer data, including identifiers, names and email addresses. On top of that, there is a withdrawal problem in the Swell protocol after a rate reset. At the same time, market alerts show large whale flows in BTC, USDT and USDC, plus Tether Gold volume above 1100% of market capitalization. Find out what is known, how to protect yourself and which signals to watch.
What Happened? Binance, Chainalysis and Swell
As reported by Comparic.pl, Binance is resuming withdrawals after an attack valued at 6.3 billion USD, with the exchange covering 95% of the losses. BitHub.pl confirms that stablecoins, among other assets, can be withdrawn from the exchange. Available statements do not provide technical details of the attack method or the exact number of affected users.
Meanwhile, AMB Crypto reports that a hacker attacked Chainalysis systems and gained access to non-critical customer data, including identifiers, names and email addresses. The attack was described as the use of offensive agentic techniques.
The third incident involves Swell. According to The Defiant, the protocol lifted withdrawal pauses for swETH and rswETH after a rate reset. Swell promises compensation within a week for deposits made after inflated rates, but direct deposit checks still show a pause.
💡 Worth knowing
The Binance attack described by Comparic.pl has a value of 6.3 billion USD, but the exchange covered 95% of the losses. This does not relieve users of the duty to check their own balances, withdrawal history and account security, especially after such a high-profile incident.
Whale Movements and Volume Anomalies
Alongside the security incidents, market alerts show heavy transfer activity. Individual flows include: BTC in 125.1 million USD, BTC out 234.4 million USD, three separate USDT out alerts of 299.9 million USD each, USDT out 200.0 million USD and USDC out 200.2 million USD. The table below summarizes these events.
| Asset | Direction | Amount | Alert ID |
|---|---|---|---|
| BTC | in | 125.1 million USD | #9c4679389397 |
| BTC | out | 234.4 million USD | #7484c4c84729 |
| USDT | out | 299.9 million USD | #0xd2114c0165 |
| USDT | out | 200.0 million USD | #0x1a0fb14010 |
| USDT | out | 299.9 million USD | #0xe6c36c89ea |
| USDC | out | 200.2 million USD | #0x6916c610cb |
The alert lists also showed unusual data for Tether Gold (XAUT): 24h volume reached 1105% of market capitalization, followed by another alert at 1141% of market capitalization. For the MemeCore (M) token, a 24h price drop of 9.8% was recorded, followed by 10.3% over 24h at a price of 0.85 USD. Available data do not state a direct cause of these anomalies, but such signals can accompany elevated risk and volatility.
Broader Context: Capital Flees Risky Assets
The security incidents are overlapping with market weakness. As CrypS.pl reports, US Ethereum ETFs recorded a record streak of 23 consecutive days of net outflows, while the ETH price fell by 20% over the month. AMB Crypto described the end of October as a 300 billion USD crypto market sell-off.
In such an environment, scammers more often exploit the information chaos after high-profile attacks. Fake support profiles, suspicious links and promises of fund recovery are a real threat.
How to Protect Yourself: A Concrete Action Plan
After the series of incidents, it is worth taking immediate steps, even if you did not directly use the affected platforms.
- ✅ Move funds from exchanges to a hardware wallet, or at least verify balances and withdrawal history, especially if you use Binance.
- ✅ Enable two-factor authentication (2FA) on all crypto accounts, preferably via an authenticator app or U2F key, not SMS.
- ✅ After the Chainalysis data leak, be alert to phishing emails that may include your first name, last name or email address.
- ✅ In DeFi, check whether deposit rates are suspiciously inflated. In the case of Swell, some deposit checks still show a pause.
- ✅ Monitor large transfers and volume anomalies as risk signals, but do not make decisions based solely on them.
Red Flags: Warning Signals in the Data
🚩 A list of signals that should make you cautious:
- Promises of compensation within a week after a rate error: check whether the protocol has actually unlocked deposits, as in the case of Swell.
- Tether Gold volume above 1100% of market capitalization: this is an anomaly that may indicate manipulation or large withdrawals.
- Large stablecoin transfers from exchanges: USDT 299.9 million USD, USDT 200 million USD, USDC 200.2 million USD may precede volatility.
- Sharp drops in low-liquidity tokens: MemeCore lost 9.8% and 10.3% in 24h at a price of 0.85 USD.
- After the high-profile Binance attack, watch out for fake support accounts, fund recovery sites and requests for login details.
Frequently Asked Questions
Are Binance user funds safe after the attack?
The data indicates that Binance is resuming withdrawals and covered 95% of the losses from the 6.3 billion USD attack. No technical details were provided, nor information on whether customers will incur direct losses. Always check your own balances and withdrawal history.