Binance founder Changpeng Zhao, widely known as CZ, said in a post that Binance may have been hit by a hack, while stressing that user funds remain safe. He also thanked stablecoin issuers Tether and Circle for moving quickly to freeze related funds. According to the post, Tether froze about $971 million and Circle froze about $823 million. The statement was published through CZ’s X account and was cited by Foresight in a 7x24 news update. No other details about the incident, including the attack method, affected systems, or the timing of the suspected breach, were disclosed in the source material.
Binance founder Changpeng Zhao, or CZ, said in a post that Binance may have been hacked, adding that user funds are safe.
He also thanked Tether and Circle for quickly freezing related funds. According to the post, Tether froze about $971 million, while Circle froze about $823 million.
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