Former Binance CEO calls for crypto unity following massive security breach

Former Binance chief executive officer Changpeng Zhao has called for greater unity across the cryptocurrency industry following a major security breach at Binance. Hokanews reported that Zhao issued the statement on X, arguing that internal disputes between industry communities serve little purpose when digital assets remain closely interconnected. U.Today also reported on Zhao's call for industry unity. [1][2]

Hokanews reported that the breach at Binance involved $6.34 billion in digital assets. As FTMQ Security reported earlier, the theft occurred within a 20-minute window and stands as the largest cryptocurrency theft in history. Security intelligence firms previously linked the attack to North Korea. [1][7]

The incident follows earlier mitigation steps by major cryptocurrency issuers. As FTMQ Security reported earlier, Tether and Circle froze more than $2.3 billion in digital assets connected to the suspected breach shortly after the incident was detected. [6]

Zhao co-founded Binance and previously served as its chief executive officer, as well as chief technology officer of OKCoin. According to Forbes, he is the richest Canadian and was ranked as the 17th-richest person in the world with an estimated net worth of $111.1 billion in April 2026. [3]