BNB falls 7% after reports of suspected Binance wallet hack, $3.3B in transfers flagged

Cryptocurrency markets declined sharply on Thursday following reports of significant suspicious activity involving Binance-affiliated wallets. The incident prompted a wave of selling as concerns over a possible security breach unsettled investors across the sector. Blockchain security group Blockaid reported that it had flagged transactions totaling around $3.3 billion in suspicious transfers related to Binance-linked addresses. Meanwhile, analytics platform Arkham Intelligence estimated that wallets tagged “binance-hacker-1029” controlled approximately $5.84 billion in assets. Neither platform confirmed that the reported figures equated to the actual value lost to an exploit, but the volume of activity was enough to stoke fears of a large-scale security incident. The reports triggered a negative response across digital asset markets, with the native token BNB seeing some of the heftiest losses.

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