This is not theory.
In its account of the 29 October 2026 incident, Binance describes a multi-stage campaign that ended with unauthorised access to an internal wallet signing service - initiating transactions outside the normal withdrawal process. Approximately USD 6.34 billion in digital assets were impacted.
An account can be valid.
An action can still need scrutiny.
Source: Binance, "29 October 2026 Binance Security Incident: Initial Findings and Response Update", 3 November 2026.
binance.com/en/blog/community/3229153443759566763