Binance hack leads to $2.25 million in SHIB stolen, 0.05% of supply in limbo

A significant portion of Shiba Inu tokens, nearly 500 billion SHIB or about 0.05% of the total supply, has become the focus of concern following a major security breach at Binance. This amount, valued at approximately $2.3 million, was reportedly transferred to an address labeled “Binance Hot Wallet Exploiter 2”. Binance, recognized as the world’s largest cryptocurrency exchange by trading volume, recently faced a security incident described by analysts as the largest hack in crypto history. According to blockchain analytics firm CryptoQuant, the breach began with a transaction on October 29, 2026, when the “Binance 14” wallet sent out 167,464 ETH, representing $1.6 billion in USDT as well as 63 other tokens. Community member Mazrael, who has tracked the attack, stated that the hacker’s holdings amount to 499,926,072,560 SHIB.

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