Binance: $5.87B Hot Wallet Transfer Reported

Binance reported $5.87 billion transferred from a hot wallet starting at 04:10 on Oct 30, of which Tether and Circle have frozen $2.54 billion. The moved assets included $1.77 billion in USDT, $1.44 billion in BTC and nearly $1 billion in ETH. Hackers converted large holdings of ENA, PEPE, UNI and LINK into ETH, triggering short-term price drops in those tokens. Withdrawals remain paused while Binance states user funds are secure and continues coordination with issuers and law enforcement.