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High Impact

NEW: BINANCE HACKER "APPARENTLY IN ERROR" SENT ~8M $NEWT AND 17 OTHER TOKENS, WORTH ~$3.5M, STRAIGHT INTO THE $NEWT TOKEN CONTRACT

📅
🏷Markets
📰via BN
✍️Edited by Luís Barata

A reported Binance-linked hacker apparently sent roughly 8 million NEWT tokens and 17 other tokens, valued at about $3.5 million, directly into the NEWT token contract, with the transfer described as apparently made in error. The transfer mechanism is an on-chain movement of stolen or misdirected assets into a smart contract rather than an external wallet, which can lock or effectively remove supply from circulation while also raising questions about custody security at the exchange level. Binance, as the named entity, faces reputational and operational exposure, since any perception of compromised hot-wallet or withdrawal controls can weigh on confidence in exchange-held assets and on flows toward and away from the platform. The NEWT token and the smaller tokens involved are most directly exposed, given that a large relative share of their circulating or liquidity-relevant supply is involved and thin order books can amplify price moves. Traders should watch Binance's official statement and any on-chain tracing from security firms confirming whether the funds were recovered, frozen, or further moved, as that will determine whether this stays a contained token-level event or widens

Source: Originally reported by BN at October 30, 2026. Summary and market context by Trading News Terminal editorial.

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