Binance founder CZ warns against complacency in security practices

Changpeng Zhao says long stretches without a hack breed dangerous comfort and wants an industry alliance to share defenses Changpeng Zhao has a warning for crypto companies that haven’t been hacked in a while: that quiet stretch may be the problem. The Binance co-founder and former CEO said firms can grow complacent about security. He called for an industry-wide alliance to share practices and stop breaches before they happen. The timing is pointed. His comments follow the October 29, 2026 breach at Binance, in which approximately $6.3 billion in digital assets was stolen.