Reports tied Circle’s Binance-linked USDC freeze to estimates of more than $800 million on November 4 and about $1.1 billion on November 5. An account from the operator of the blockchain tracker OmniTrace adds a timestamped detail: 823 million USDC on one address at 21:04:59 UTC on October 29, 2026.
The incident involved unauthorized transfers from Binance hot wallets, which Blockchain.news dated to October 29. NeoTeo’s earlier account of how attackers reached Binance’s wallet-signing service provides background on the reported intrusion.
What the address-level account reports
The author of a Reddit post in r/binance identifies as the OmniTrace operator. The post reports that Circle froze 823 million USDC at one address at 21:04:59 UTC on October 29.
The operator’s later update lists three more Circle freeze observations: 1.56 million USDC at 23:31 UTC, about 52,400 USDC at 23:53 UTC, and 2.96 million USDC at 23:54 UTC that night. Each is attached to a separate address and time.
A balance reported for one address is a snapshot, not a total for every address in a freeze.
Why the reported totals differ
The 823 million USDC figure is an observation for one address. Benzinga reported more than $800 million frozen on November 4; Blockchain.news reported about $1.1 billion on November 5. Those later figures describe wider reported freeze totals, not the balance of that single address.
What a freeze means for the assets
Blockchain.news described Circle’s blocklisting as preventing listed addresses from sending USDC. The report also said blocklisting does not reverse completed transfers or decide ownership or forfeiture. The reported action concerns specific addresses associated with the incident, not every Binance customer’s USDC.
