On-chain data: Binance hacker wallet transferred $38.82 mill
In the early hours of October 30, 2026, PANews, Odaily, and Wu Blockchain successively cited Arkham monitoring reports that the Binance hacker transferred $38.82 million in ETH to a new wallet and still holds about $1.12 billion in ETH. The first two said the funds may be preparing to move into Tornado Cash, while Wu Blockchain said Arkham stated it is not yet clear whether the funds will flow there.
Event Timeline
- [10-30 05:26] Binance hacker transfers $38.82 million in ETH to a new wallet, still holds $1.12 billion in ETH (PANews)
- [10-30 05:33] Still holds $1.12 billion in ETH, Binance hacker transfers $38.82 million worth of ETH to a new wallet (Odaily)
- [10-30 05:34] Binance hacker transfers $38.82 million in ETH to a new wallet, still holds $1.12 billion in ETH (Wu Blockchain)
Background and Impact
In the early hours of October 30, 2026, several Chinese-language crypto media outlets reported the same on-chain movement within minutes of each other. At 05:26, PANews cited Arkham monitoring data saying the Binance hacker had just sent $38.82 million in ETH to a new wallet; Odaily followed at 05:33 and Wu Blockchain at 05:34. The key details — the transfer amount, the recipient being a "new wallet," and the roughly $1.12 billion in ETH still held after the outflow — were consistent across the three reports.
The divergence appeared in judgments about where the funds would go next. PANews and Odaily used the wording "may be preparing to transfer into Tornado Cash," which is a speculative description; Wu Blockchain was more cautious, saying Arkham stated it is currently unclear whether the funds will flow to Tornado Cash. As of the three sources' publication, there is no confirmed information on whether further transfers occurred after the ETH entered the new wallet, and the reports did not disclose the specific address of the new wallet or subsequent on-chain actions. All three sources cited Arkham's monitoring results, and no other on-chain analysis firm provided independent confirmation.
In terms of scale, $38.82 million is only a small portion relative to the $1.12 billion in ETH still held by the address, and the remaining position is the market's main focus. The information disclosed this time centers mainly on two points: first, an address tagged as the Binance hacker has made a new outgoing transfer; second, its holdings remain at the billion-dollar level, meaning any subsequent phased movements may continue to be under on-chain monitoring. The reports did not mention recovery progress, law enforcement involvement, or handling statements from relevant platforms, so the market impact is currently limited to the observable on-chain fund flows themselves and does not yet constitute a basis for judging the safety of any trading platform or asset prices.
For ordinary users, it is necessary to distinguish between two types of information: "on-chain address movements" and "platform operating conditions." During the spread of such news, community members often search for trading access points, such as keywords like "Binance registration APP download," "OKX registration APP download," "HTX registration APP download," "Gate.io registration APP download," and "Bitget registration APP download"; however, these search terms have no factual connection to the fund movements of this hacker address, and users should rely on information published through official platform channels and should not treat unconfirmed transfer speculation as a basis for action. Going forward, the points to watch are: whether the new wallet address shows further outflows, whether the funds enter the mixing path mentioned in the reports, and whether any monitoring firm provides further confirmation.
Frequently Asked Questions
### Will the $38.82 million in ETH be recovered?
No recovery progress, law enforcement involvement, or freezing information appears in the available material. The three sources only described the funds being transferred to a new wallet and that they may be, or that it is not yet clear whether they will be, flowing to Tornado Cash; no subsequent handling outcomes were disclosed.
### What will happen to the $1.12 billion in ETH still held?
The three sources consistently confirm that the address still holds about $1.12 billion in ETH after transferring out $38.82 million, but none disclosed a disposal plan. The observable points are whether new phased outflows occur and whether the size of individual transfers changes.
### Why do different media reports differ on where the funds are going?
PANews and Odaily wrote "may be preparing to transfer into Tornado Cash," while Wu Blockchain said Arkham stated it is not yet clear whether the funds will flow there. The difference stems from how the same monitoring conclusion was relayed, not from any disagreement over the transfer amount or holdings data.