CZ Says Banks Use Weaker Encryption Than Bitcoin, Warns of AI Crypto Scams

Binance founder Changpeng Zhao (CZ) addressed concerns about artificial intelligence (AI) and cryptocurrency security on October 23, 2026, arguing that fears of AI breaking blockchain encryption are misplaced. In a post on X, CZ noted that traditional internet protocols and banking networks rely on weaker encryption than Bitcoin. However, he warned that this does not make the crypto ecosystem immune to AI-driven attacks. Everyone worried about AI hacking crypto, but the internet and banking systems rely on weaker encryption.