privacy cash pauses deposits after binance hack
The Solana-based protocol halted new deposits but kept withdrawals open while it tightens wallet screening.
Key takeaways
- 1Privacy Cash paused deposits on 4 November 2026
- 2Withdrawals remain open while screening is tightened
Privacy Cash, a privacy protocol built on Solana, halted all new deposits on 4 November 2026. The move came after the major Binance hack that hit the exchange earlier this month.
The team said it is strengthening wallet screening to stop bad actors from using the product. It wants to ensure its infrastructure is not used for illicit activity. Withdrawals remain available for existing users.
Privacy Cash allows users to hide transaction details on the Solana blockchain. Solana currently trades at $96.62 with a market value of $57.1bn. The Binance hack cost the exchange about $6.3bn, and hackers used THORChain to swap stolen Solana for Bitcoin, according to YourKhabri. Binance has since replenished about 98% of the lost assets.
The pause shows how quickly privacy tools face scrutiny when large sums are stolen. Traders will watch for when deposits resume and if other privacy services follow suit. Regulators may also look closer at how such protocols handle security.
Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.