Binance Investigates Large Crypto Transfers After Founder Warns of Hack

Binance is investigating after large transfers of Ether (ETH) and other tokens moved from its hot wallets to an address labeled as an exploiter, prompting its founder to warn the exchange may have been hacked. Binance said, “At this stage, we have not confirmed any impact to user funds.” It described the matter as reports of a potential security issue and said its security teams were reviewing relevant information with urgency. The exchange plans to provide updates through official channels once details are verified.