Binance Investigates Potential Security Issue as Hot Wallets Move Billions
Binance cofounder Yi He said the exchange is investigating reports of a potential security issue and will provide an update once it has verified the information. She said User Funds SAFU and warned users not to trust unofficial links, messages, or requests for account information. Onchain analyst Spreek flagged unusual activity indicating that Binance hot wallets appeared to have transferred billions of dollars in assets to an unlabeled wallet. Arkham data showed about $3.55 billion in incoming transfer volume, with nearly $900 million later moved.
