Pundi X Labs Freezes $365K in Tokens After Binance Hack
The developer blacklisted stolen assets to prevent the liquidation of capital following a breach of the crypto exchange.
Updated on Oct. 30, 2026 in Cybersecurity
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Pundi X Labs has frozen 3,747,276 PUNDIX tokens, valued at $365,513, that were traced to a recent hack of the Binance exchange. The developer confirmed this is the only wallet currently linked to the breach containing their specific tokens.
Why it matters
This intervention demonstrates the role of centralized protocol governance in mitigating the impact of large-scale crypto thefts. By blacklisting specific assets, developers can prevent bad actors from liquidating stolen capital through exchange liquidity pools.
The freeze targets 3,747,276 PUNDIX tokens with a current market valuation of $365,513. Pundi X Labs verified that no other wallets associated with the breach hold additional PUNDIX assets.
The players
Pundi X Labs
A developer of blockchain-based point-of-sale solutions and the issuer of the PUNDIX token.
Binance
A global cryptocurrency exchange that manages liquidity and security across multiple digital asset markets.
The details
Pundi X Labs executed the freeze following a direct request from the Binance security team to isolate stolen capital. The process involves blacklisting specific wallet addresses within the PUNDIX token smart contract—a self-executing code block that governs asset transfers on the blockchain—effectively preventing the movement or sale of these funds. This protocol-level control is an elective security feature designed to intercept stolen assets before they are laundered through decentralized protocols.
Timeline
October 30, 2026: Pundi X Labs officially confirmed the freezing of the stolen assets.
The Tech Race
This response mirrors the collaborative security efforts seen following the 2022 Ronin Bridge hack, where rapid inter-protocol intervention became the industry standard. It highlights the shift toward more aggressive asset-recovery mechanisms within decentralized finance networks.
Token holders do not need to take any action, as the freeze only affects the specific wallet addresses identified as part of the theft. This event serves as a reminder that major protocols retain the capability to restrict asset movement, which can protect ecosystem value during security incidents.
The takeaway
Centralized oversight of token contracts continues to be a primary defense against the long-term impact of exchange-level hacks. Investors should track future security disclosures from Binance and Pundi X Labs to confirm if any further recovery actions are initiated.
Further reading
For more on how exchanges and developers coordinate to stop illicit activity, read the latest in Cybersecurity.
Source note: This article includes information reported by TokenPost.
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