Binance hot wallet drained of about $2.5B in tokens on Ethereum

The Ethereum address is labeled “Binance Hot Wallet Exploiter 2” and is presented in connection with a reported $2.5 billion drain from a Binance hot wallet. Its displayed Ethereum token holdings total about $2.274 billion across 63 assets, with another roughly $3.88 million in ETH. The largest holdings are stablecoins: about $975 million in USDT and $823 million in USDC. Other substantial positions include roughly $76 million in wrapped Binance ETH, $50 million in Tether Gold, $47 million in Uniswap, $41 million in Ethena, and $38 million in Pepe.

The address page shows 22 transactions, with activity beginning about an hour before the displayed snapshot and several transfers in the minutes immediately before it. It also identifies Binance as the address’s funder. The wallet’s holdings extend beyond Ethereum: a multichain estimate puts its portfolio near $2.34 billion, including balances on Arbitrum, Avalanche, Optimism, and Base. The available transaction list does not explain how the assets were taken or establish the full sequence of events; it offers a snapshot of the address’s balances, labels, funding information, and recent on-chain activity.