Binance founder warns users of scams as Bitcoin steadies after record hack

Binance founder Changpeng Zhao warned users to stay vigilant against follow-up scams as the market digests the largest crypto exchange hack on record, with Bitcoin steadying after the breach. The incident underscores a recurring pattern in which attackers exploit post-hack confusion through phishing links, fake refund offers, and impersonation schemes targeting affected users. Zhao's warning matters because secondary scams often cause additional losses beyond the initial exploit, and user caution is critical during recovery periods. The event also renews focus on exchange security standards and how quickly affected platforms compensate victims. Watch for updates on the investigation, any reimbursement plans from the exchange, and whether scam-related losses continue to mount in the days ahead.