Bybit, Bitget and Swiftx deny breach reports; Binance confirms a hack with $6.3 billion in losses and $3 billion frozen

For high-risk payment teams, the key point is not the social-media noise around “platform hacks,” but which venues are actually reporting incidents and what the operational fallout looks like. In this case, Bybit, Bitget and Swiftx denied the breach claims, while Binance confirmed a hack that resulted in $6.3 billion in losses, with $3 billion frozen.

1. Bybit, Bitget and Swiftx publicly rejected reports that they had been hacked. For PSPs and acquiring partners, that matters because false breach claims can trigger unnecessary risk reviews, temporary holds, or even account closures if the counterparty is tied to a high-risk flow.
2. Binance confirmed that it had been hacked. The reported losses came to $6.3 billion, which is the number operators and payment partners will care about first, because it frames the scale of exposure rather than just the existence of an incident.
3. According to the same report, $3 billion of those losses were frozen. In practical terms, that is the part of the story that can affect recovery discussions, exposure management, and how banks and PSPs assess whether proceeds are still circulating through the system.