"Anbi Exchange" Requires Confirmation of the Target First
Chinese readers sometimes use abbreviations or misspelled names to refer to trading platforms. "Anbi" Exchange in the title is not a standardized official name that can be directly verified. Based on public reports, this article interprets it as readers potentially using the abbreviation or misspelling "Anbi" to refer to Binance. If you are referring to another platform with the same name, please first verify its official domain, app developer, contract address, regulatory disclosures, and official announcements, rather than judging solely by the abbreviation.
What Happened in October 2026
In the early hours of October 30, 2026 (UTC+8), Binance's hot wallet suffered a hacker attack. Public reports indicate that the total value of stolen digital assets was approximately $6.3 billion to $6.4 billion across ten blockchain networks, with the incident described as the largest theft in crypto history. Preliminary investigations suggest the attack may have been triggered via compromised internal laptops and other vectors, with attackers exploiting signing services and the Ethereum EIP-7702 authorization mechanism to bypass the withdrawal process. The FBI attributed the responsibility to the North Korean hacker group TraderTraitor.
Following the incident, Binance suspended withdrawals and implemented emergency controls. As of early November 2026, public data showed that approximately $2.7 billion to $3 billion of the affected assets had been frozen on-chain by law enforcement agencies and stablecoin issuers (such as Tether and Circle); Binance prepared more than $6.34 billion in proprietary and reserve funds to cover the losses, and resumed withdrawals in batches starting November 1, while generating a new Proof of Reserves (PoR) for users to verify. On-chain security firms also pointed out that the hackers still hold a portion of BTC and ETH assets that cannot be directly frozen.
"Is It Safe?" Cannot Be Judged Solely on Ex-Post Compensation
This incident demonstrates that the security of a CEX is not a single technical switch, but a combination of hot wallet management, internal privileges, signing processes, on-chain authorizations, incident response, and asset freeze collaboration. As a connected asset channel, once a hot wallet's signatures or internal privileges are breached, the risk amplifies rapidly. Even if the platform commits to covering losses using its own funds and the SAFU fund, users still need to pay attention to withdrawal recovery pacing, account status, authorization permissions, and on-chain fund flows.
Therefore, the answer to "Is the Anbi exchange safe?" is: It is not absolutely secure. The hot wallet incident in October 2026 exposed the platform's attack surface; post-incident freezes, compensation provisions, and reserve proof updates have mitigated some immediate risks, but this does not equate to zero platform risk. Platform services and compliance disclosures also vary by jurisdiction and should be subject to official announcements and local regulations.
What Users Should Verify Now
- Official Announcements and Withdrawal Status: Confirm whether withdrawals have resumed, which chains are supported, and whether there are batch restrictions only through the platform's official website, in-app announcements, and official channels.
- Proof of Reserves (PoR): Verify the generation timestamp, covered assets, matching methods between on-chain addresses and account balances, and whether there is third-party auditing or a verifiable methodology; do not equate a single PoR instance with long-term solvency.
- Domain and App Authenticity: Check URL spelling, app store developer information, certificates, and official links to avoid visiting phishing or counterfeit sites.
- Authorization and Signature History: Review which contracts your wallet has authorized in the past, especially EIP-7702-related authorizations, signing services, cross-chain bridges, and liquidity contracts.
- Asset Freeze and Recovery Progress: Monitor the freeze and recovery statuses disclosed by law enforcement agencies, stablecoin issuers, and on-chain security firms, while understanding that assets like BTC and ETH may not be directly frozen.
Practical Checklist for Risk Reduction
- Limit exchange balances to what is needed for trading and withdrawals, and prioritize keeping long-term assets in self-custodied wallets.
- Use hardware wallets or multisig solutions to manage large amounts of assets, keeping private keys and seed phrases stored offline without taking photos, using cloud backups, or inputting them into any web pages.
- Regularly revoke unnecessary contract authorizations, retaining only the DApp permissions currently in active use; remain vigilant against deceptive prompts for "upgrading wallets," "recovering assets," or "claiming airdrops."
- Conduct small-amount test transfers before withdrawing, confirming chain types, address formats, contract addresses, and fee routing; do not transfer in bulk to unfamiliar addresses.
- Maintain skepticism toward platform announcements, customer service direct messages, text messages, emails, and social media links—especially messages requesting wallet connections, signatures, or seed phrase entries.
