Binance's founder has confirmed that the exchange may have been hacked, while stating that customer funds are safe, according to TheCable. The report was published on Thursday, 29 October 2026.
TheCable's headline describes the development as breaking news and frames the founder's statement as an acknowledgment of a potential security incident paired with an assurance about user assets. The report does not, in the material available, specify how the possible breach was detected, which systems or accounts may have been affected, or how much, if any, crypto was involved.
The wording matters here. A confirmed hack and a potential one are different things, and the founder's statement as reported points to the second: a possible compromise that is being treated seriously enough to address publicly, alongside a claim that customer holdings were not harmed. Readers should treat the two parts of that statement separately until more detail emerges.
TheCable's summary also does not indicate whether Binance has paused withdrawals, frozen accounts, or launched a formal investigation, and it gives no timeline for further updates. No independent confirmation of the suspected breach is included in the reporting available.
Exchange security incidents tend to draw scrutiny quickly, given how much customer money sits on centralized platforms, and public statements from founders are often followed by technical post-mortems. What to watch next: whether Binance publishes specifics on the suspected breach and whether the safety assurance about user funds is independently verified. CYBEV.io will update this story as verified details become available.