Binance founder CZ reports apparent hack affecting the exchange; commits to full coverage of user funds.

Security & Exploits · 2026-10-29

Changpeng Zhao reported that Binance appears to have been hacked and stated he expects all user funds to be fully covered as a shareholder. A separate report indicates the exchange is investigating a potential security issue that could affect around $5 billion in user funds, with reassurances that user assets remain safe.

Previously on Telem

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