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CZ Warns Crypto Community of New Exploit Targeting MacOS and IPhone Users
Former Binance CEO Changpeng ‘CZ’ Zhao has warned the crypto community about a new exploit targeting Mac users powered by Intel chips, which could potentially expose a user’s digital assets.
Zhao highlighted the zero-day exploit on Nov. 19, urging Intel-based Mac users to patch their systems to prevent falling victim to ongoing exploits. The vulnerabilities, which also impact iPhones and iPads, have been actively exploited on Mac systems, prompting Apple to release emergency fixes.
“If you use a MacBook with an Intel-based chip, Update asap!” Zhao wrote, cautioning the crypto community about potential risks to sensitive data.
Zero-day vulnerabilities are bugs discovered and exploited by hackers before a patch is available. Hence the name, as developers have “zero days” to address the issue, leaving users vulnerable until updates are installed.
According to a postmortem from Apple, the vulnerabilities, tracked as CVE-2024-44308 and CVE-2024-44309, affect the JavaScriptCore and WebKit components of macOS Sequoia. Hackers can leverage this to execute “cross-site scripting attacks” and stealthily run malicious code.
Cross-site scripting attacks are a type of security vulnerability where attackers inject malicious scripts into trusted websites or applications. These scripts run in the browser of a user visiting the compromised site, allowing attackers to hijack user sessions, redirect users to malicious sites, and steal sensitive information.
You might also like: Thala protocol resumes operations after $25.5m exploit
Crypto hackers have long exploited similar vulnerabilities across both Mac and Windows systems to steal wallet credentials, execute phishing scams, or inject malware to siphon private keys and digital assets.
The tech giant reported one of the vulnerabilities as a cookie management issue, which has since been resolved with “improved state management.” At the same time, the other was addressed with “improved checks,” the report added.
The vulnerabilities were first discovered by researchers at Google’s Threat Analysis Group, known for investigating government-backed cyberattacks. As such, speculations have emerged about the potential involvement of state-sponsored actors.
Apple hasn’t disclosed any details regarding the extent of the damage other than the fact that the vulnerabilities have been “actively exploited.”
Apple users at risk
Apple users, despite the company’s strong security reputation, have found themselves at risk on several occasions this year alone. On Nov. 12, North Korean hackers targeted macOS users with crypto-focused malware capable of evading Apple’s security measures on outdated systems.
In April, web3 wallet provider Trust Wallet issued a warning about another zero-day exploit in Apple’s iMessage framework, which allowed attackers to infiltrate iPhones without any user interaction.
A month before, researchers discovered a flaw in Apple’s M-series chips that could be exploited to extract cryptographic keys residing in the CPU’s cache, leaving sensitive data susceptible to compromise.
Further, attackers have also managed to infiltrate the App Store several times, despite Apple’s stringent policies, to promote malicious apps that impersonate prominent crypto exchanges, wallets, and other fraudulent platforms that siphon a user’s crypto assets.
Read more: Tapioca Foundation offers $1m bounty to attacker after $4.7m exploit
Zhao highlighted the zero-day exploit on Nov. 19, urging Intel-based Mac users to patch their systems to prevent falling victim to ongoing exploits. The vulnerabilities, which also impact iPhones and iPads, have been actively exploited on Mac systems, prompting Apple to release emergency fixes.
“If you use a MacBook with an Intel-based chip, Update asap!” Zhao wrote, cautioning the crypto community about potential risks to sensitive data.
Zero-day vulnerabilities are bugs discovered and exploited by hackers before a patch is available. Hence the name, as developers have “zero days” to address the issue, leaving users vulnerable until updates are installed.
According to a postmortem from Apple, the vulnerabilities, tracked as CVE-2024-44308 and CVE-2024-44309, affect the JavaScriptCore and WebKit components of macOS Sequoia. Hackers can leverage this to execute “cross-site scripting attacks” and stealthily run malicious code.
Cross-site scripting attacks are a type of security vulnerability where attackers inject malicious scripts into trusted websites or applications. These scripts run in the browser of a user visiting the compromised site, allowing attackers to hijack user sessions, redirect users to malicious sites, and steal sensitive information.
You might also like: Thala protocol resumes operations after $25.5m exploit
Crypto hackers have long exploited similar vulnerabilities across both Mac and Windows systems to steal wallet credentials, execute phishing scams, or inject malware to siphon private keys and digital assets.
The tech giant reported one of the vulnerabilities as a cookie management issue, which has since been resolved with “improved state management.” At the same time, the other was addressed with “improved checks,” the report added.
The vulnerabilities were first discovered by researchers at Google’s Threat Analysis Group, known for investigating government-backed cyberattacks. As such, speculations have emerged about the potential involvement of state-sponsored actors.
Apple hasn’t disclosed any details regarding the extent of the damage other than the fact that the vulnerabilities have been “actively exploited.”
Apple users at risk
Apple users, despite the company’s strong security reputation, have found themselves at risk on several occasions this year alone. On Nov. 12, North Korean hackers targeted macOS users with crypto-focused malware capable of evading Apple’s security measures on outdated systems.
In April, web3 wallet provider Trust Wallet issued a warning about another zero-day exploit in Apple’s iMessage framework, which allowed attackers to infiltrate iPhones without any user interaction.
A month before, researchers discovered a flaw in Apple’s M-series chips that could be exploited to extract cryptographic keys residing in the CPU’s cache, leaving sensitive data susceptible to compromise.
Further, attackers have also managed to infiltrate the App Store several times, despite Apple’s stringent policies, to promote malicious apps that impersonate prominent crypto exchanges, wallets, and other fraudulent platforms that siphon a user’s crypto assets.
Read more: Tapioca Foundation offers $1m bounty to attacker after $4.7m exploit
Apple Scrambles to Patch Zero-Day Exploit on macOS Systems as CZ Urges Immediate Updates
Vulnerabilities in macOS Catches CZ's Attention
Apple has issued a critical patch addressing two zero-day vulnerabilities actively exploited by hackers targeting Intel-based Mac computers.
⚠️ URGENT ALERT!
Apple confirms active zero-day vulnerabilities targeting Intel-based macOS systems. Your data could be at risk—Update NOW! #zerodayflaws #AppleSecurity #macosupdate #cybersecurityalert #VPNRanks #TechNewsUpdate pic.twitter.com/nb75wLCPo4
— VPNRanks (@VPNRanks) November 20, 2024
According to Apple's 19 November advisory, these flaws involve the processing of maliciously crafted web content, posing significant risks to users.
The urgency of the update drew attention from Changpeng Zhao (CZ), Binance's co-founder and former CEO, who urged users to act immediately by updating their systems to mitigate potential exposure to these exploits.
If you use a Macbook with Intel based chip, update asap!
Stay SAFU!https://t.co/mk2Jsicnte
— CZ 🔶 BNB (@cz_binance) November 20, 2024
He later pointed out on X (formerly known as Twitter) that updating the phones is an important security fix.
Also update your iPhones. Important security fix.https://t.co/rPKZzp41Ut https://t.co/29s0Wsj8cQ
— CZ 🔶 BNB (@cz_binance) November 21, 2024
Apple Rushes to Fix Exploit, Details Still Scarce
Apple has identified and patched two critical vulnerabilities actively exploited in the wild, labelled CVE-2024-44308 and CVE-2024-44309.
The first flaw, found in JavaScriptCore, allowed malicious code execution without user consent.
Apple resolved this issue by implementing improved validation checks.
The second vulnerability, rooted in the WebKit browser engine, enabled cross-site scripting attacks, allowing hackers to inject malicious code into websites or applications.
Apple just fixed two 0-days, in JavaScript and WebKit.
Settings > General > Software Update to check if you have the patch.
One is cross-site scripting (“give rogue content a trusted URL”). The other is remote code execution (“run malware covertly”) pic.twitter.com/905S0aDtCG
— Paul Ducklin (@duckblog) November 19, 2024
Apple attributed the flaw to a cookie management issue, which it addressed through enhanced state management.
As is standard practice, Apple withheld public disclosure of the vulnerabilities until thorough investigations were completed and patches deployed.
These zero-day exploits—named for the lack of time developers have to respond before exploitation begins—highlight the ongoing challenges of cybersecurity.
Details remain limited, with no confirmed information about the attackers, affected users, or the success rate of the attacks.
Apple was Just Recently Targeted
Google security researchers Clément Lecigne and Benoît Sevens, from the Threat Analysis Group, were credited with discovering the vulnerabilities in Apple's systems.
This group is known for countering government-backed cyberattacks, which raises suspicions that the source of this latest exploit may be a state actor, potentially one hostile to the tech giant.
Earlier this month, North Korea was implicated in targeting Apple users, with researchers uncovering a new malware campaign aimed at macOS users.
The attack employed phishing emails, fake PDF applications, and sophisticated methods to bypass Apple's security measures.
Notably, this marked the first instance of such a technique being used to compromise macOS, though it was unable to affect up-to-date systems.
In a related incident, North Korean hackers were also found exploiting a vulnerability in Google Chrome in October to steal cryptocurrency wallet credentials.
Apple has issued a critical patch addressing two zero-day vulnerabilities actively exploited by hackers targeting Intel-based Mac computers.
⚠️ URGENT ALERT!
Apple confirms active zero-day vulnerabilities targeting Intel-based macOS systems. Your data could be at risk—Update NOW! #zerodayflaws #AppleSecurity #macosupdate #cybersecurityalert #VPNRanks #TechNewsUpdate pic.twitter.com/nb75wLCPo4
— VPNRanks (@VPNRanks) November 20, 2024
According to Apple's 19 November advisory, these flaws involve the processing of maliciously crafted web content, posing significant risks to users.
The urgency of the update drew attention from Changpeng Zhao (CZ), Binance's co-founder and former CEO, who urged users to act immediately by updating their systems to mitigate potential exposure to these exploits.
If you use a Macbook with Intel based chip, update asap!
Stay SAFU!https://t.co/mk2Jsicnte
— CZ 🔶 BNB (@cz_binance) November 20, 2024
He later pointed out on X (formerly known as Twitter) that updating the phones is an important security fix.
Also update your iPhones. Important security fix.https://t.co/rPKZzp41Ut https://t.co/29s0Wsj8cQ
— CZ 🔶 BNB (@cz_binance) November 21, 2024
Apple Rushes to Fix Exploit, Details Still Scarce
Apple has identified and patched two critical vulnerabilities actively exploited in the wild, labelled CVE-2024-44308 and CVE-2024-44309.
The first flaw, found in JavaScriptCore, allowed malicious code execution without user consent.
Apple resolved this issue by implementing improved validation checks.
The second vulnerability, rooted in the WebKit browser engine, enabled cross-site scripting attacks, allowing hackers to inject malicious code into websites or applications.
Apple just fixed two 0-days, in JavaScript and WebKit.
Settings > General > Software Update to check if you have the patch.
One is cross-site scripting (“give rogue content a trusted URL”). The other is remote code execution (“run malware covertly”) pic.twitter.com/905S0aDtCG
— Paul Ducklin (@duckblog) November 19, 2024
Apple attributed the flaw to a cookie management issue, which it addressed through enhanced state management.
As is standard practice, Apple withheld public disclosure of the vulnerabilities until thorough investigations were completed and patches deployed.
These zero-day exploits—named for the lack of time developers have to respond before exploitation begins—highlight the ongoing challenges of cybersecurity.
Details remain limited, with no confirmed information about the attackers, affected users, or the success rate of the attacks.
Apple was Just Recently Targeted
Google security researchers Clément Lecigne and Benoît Sevens, from the Threat Analysis Group, were credited with discovering the vulnerabilities in Apple's systems.
This group is known for countering government-backed cyberattacks, which raises suspicions that the source of this latest exploit may be a state actor, potentially one hostile to the tech giant.
Earlier this month, North Korea was implicated in targeting Apple users, with researchers uncovering a new malware campaign aimed at macOS users.
The attack employed phishing emails, fake PDF applications, and sophisticated methods to bypass Apple's security measures.
Notably, this marked the first instance of such a technique being used to compromise macOS, though it was unable to affect up-to-date systems.
In a related incident, North Korean hackers were also found exploiting a vulnerability in Google Chrome in October to steal cryptocurrency wallet credentials.
Apple macOS/iOS Security Flaw: CZ Warns Crypto Users at Risk
Changpeng Zhao alerted followers of Apple’s recent vulnerabilities.
Apple released an upgrade to combat security threats.
Crypto security threats tend to increase during bull runs.
Binance co-founder Changpeng Zhao warned his followers about a recently confirmed vulnerability in Apple’s macOS and iOS systems. In a post on X, Zhao urged users of MacBooks with Intel-based chips and iPhones to update their software immediately.
Source: X
In an earlier post, Zhao referenced a blog post confirming the vulnerability and citing details of Apple’s efforts to protect users. According to Apple, the vulnerability affects Google’s Threat Analysis Group (TAG) on Intel-based macOS systems. However, the Apple team did not provide details on the reported attack or indicators that could point users toward recognizing signs of infection on their devices.
Apple Releases Urgent Update to Address Vulnerability
Meanwhile, in line with the telecom giant’s method of combating attacks and vulnerabilities, Apple has released a new update to address the vulnerability and advises users to download and install it immediately. The company urges users across its ecosystem to ap…
The post Apple macOS/iOS Security Flaw: CZ Warns Crypto Users at Risk appeared first on Coin Edition.
Apple released an upgrade to combat security threats.
Crypto security threats tend to increase during bull runs.
Binance co-founder Changpeng Zhao warned his followers about a recently confirmed vulnerability in Apple’s macOS and iOS systems. In a post on X, Zhao urged users of MacBooks with Intel-based chips and iPhones to update their software immediately.
Source: X
In an earlier post, Zhao referenced a blog post confirming the vulnerability and citing details of Apple’s efforts to protect users. According to Apple, the vulnerability affects Google’s Threat Analysis Group (TAG) on Intel-based macOS systems. However, the Apple team did not provide details on the reported attack or indicators that could point users toward recognizing signs of infection on their devices.
Apple Releases Urgent Update to Address Vulnerability
Meanwhile, in line with the telecom giant’s method of combating attacks and vulnerabilities, Apple has released a new update to address the vulnerability and advises users to download and install it immediately. The company urges users across its ecosystem to ap…
The post Apple macOS/iOS Security Flaw: CZ Warns Crypto Users at Risk appeared first on Coin Edition.
Everyone is talking about DeSci!
CZ, Vitalik, and all major VCs are getting skin in the game.
But DeSci lacks a home, halting its true potential.
Learn why EDU Chain is the perfect ecosystem for DeSci and why we're supporting DeSci builders with a $1 million grants fund. 🧵👇
CZ, Vitalik, and all major VCs are getting skin in the game.
But DeSci lacks a home, halting its true potential.
Learn why EDU Chain is the perfect ecosystem for DeSci and why we're supporting DeSci builders with a $1 million grants fund. 🧵👇
Episode 1. Are Decentralized Prediction Markets the Future of Alpha?
In our debut episode of The Crypto.news Show, we explore Trump’s WLF, discuss insights from CZ’s first interview since his release from prison, and break down the Securities and Exchange Commission’s latest notice to Immutable. Special guest David Chee from Manifold Markets joins us to analyze the strategies and implications behind the prediction markets industry, shedding light on a new and, for many, unfamiliar landscape of crypto.
You can also listen to our podcast on Apple Podcasts, Spotify, and Deezer.
You might also like: What is Polymarket?
You can also listen to our podcast on Apple Podcasts, Spotify, and Deezer.
You might also like: What is Polymarket?
Nations to Race for Bitcoin Strategic Reserves, Predicts Binance Founder CZ
Binance Founder Changpeng Zhao (CZ) took to X (formerly Twitter) to praise MicroStrategy founder Michael Saylor’s recent presentation on Bitcoin and the crypto industry, describing it as "well worth the time to listen." CZ highlighted the geopolitical implications of Saylor’s concept of a Bitcoin Strategic Reserve.In his post, CZ emphasized the urgency of nations adopting Bitcoin, stating, "There will be a race for nations to print money to buy bitcoin, i.e., the Bitcoin Strategic Reserve. No one can afford to be last!" This comment aligns with Saylor’s broader discussion of the geopolitical logic behind countries stockpiling Bitcoin as a strategic reserve.Michael Saylor’s presentation delved into the impact of the Trump administration’s sweeping election victory on November 5 and its influence on the crypto industry. He outlined drivers of the "Crypto Renaissance," including adopting digital asset frameworks and the geopolitical advantages of Bitcoin reserves.CZ’s remarks reflect growing industry consensus that Bitcoin could play a pivotal role in the global financial landscape, not just as an investment asset but as a key component of national reserves in an increasingly digitized economy. The conversation underscores the potential for a new era where Bitcoin’s significance extends beyond individuals and corporations to sovereign states.
CZ: MicroStrategy Founder’s Speech on Bitcoin and Money Printing.
On November 19, CZ, the CEO of Binance, expressed appreciation for the speech of MicroStrategy founder Michael Saylor. CZ said it was a wonderful speech that is worth listening to and also grateful f
or Saylor’s support for Binance in the video. CZ also mentioned that countries are competing to print money to buy Bitcoin, creating a Bitcoin strategic reserve, and no one wants to be the last one.
Source
<p>The post CZ: MicroStrategy Founder’s Speech on Bitcoin and Money Printing. first appeared on CoinBuzzFeed.</p>
or Saylor’s support for Binance in the video. CZ also mentioned that countries are competing to print money to buy Bitcoin, creating a Bitcoin strategic reserve, and no one wants to be the last one.
Source
<p>The post CZ: MicroStrategy Founder’s Speech on Bitcoin and Money Printing. first appeared on CoinBuzzFeed.</p>
Cyberattack on Educational Platform's Social Media Account
A cyberattack targeted the social media account of a prominent educational platform, leading to unauthorized access. Changpeng Zhao, founder of Giggle Academy and Binance crypto exchange, warned followers about the hack and advised caution when engaging with content from the compromised account. Zhao and CEO Gigi Broverman are working to regain control and dispel misinformation spread by hackers. The incident raised concerns about the security of online educational platforms, especially those serving underprivileged communities. Giggle Academy, focusing on game-based learning and blockchain technology, aims to empower learners in low-literacy areas. The hack underscores the vulnerability of digital tools in education and the importance of enhancing security measures. Zhao's efforts to secure the platform and protect users highlight the ongoing battle against cyber threats in the educational sector. Read more AI-generated news on: https://app.chaingpt.org/news
Cyberattack on Educational Platform's Social Media Account
A cyberattack targeted the social media account of a prominent educational platform, leading to unauthorized access. Changpeng Zhao, founder of Giggle Academy and Binance crypto exchange, warned followers about the hack and advised caution when engaging with content from the compromised account. Zhao and CEO Gigi Broverman are working to regain control and dispel misinformation spread by hackers. The incident raised concerns about the security of online educational platforms, especially those serving underprivileged communities. Giggle Academy, focusing on game-based learning and blockchain technology, aims to empower learners in low-literacy areas. The hack underscores the vulnerability of digital tools in education and the importance of enhancing security measures. Zhao's efforts to secure the platform and protect users highlight the ongoing battle against cyber threats in the educational sector. Read more AI-generated news on: https://app.chaingpt.org/news
DeSci Coins: Zhao, Buterin, Armstrong Drive Blockchain Science
DeSci emphasizes blockchain technology’s adaptability to various industries.
Blockchain can promote research through funding, transparency, and collaboration.
Changpeng Zhao, Vitalik Buterin, and Brian Armstrong have expressed support for DeSci.
The rise of decentralized science (DeSci) highlights blockchain technology’s adaptability to cater to different segments. And in this regard, top blockchain industry leaders Changpeng Zhao, Vitalik Buterin, and Brian Armstrong are championing decentralized science (DeSci) in a big way.
They believe blockchain can revolutionize scientific research and show how blockchain solutions can improve scientific research through decentralized funding, increased transparency, and sustainable collaboration.
Zhao is particularly interested in using crypto to speed up funding in biotechnology research. About a year ago, the Binance co-founder posted on X about exploring crypto solutions for biotech research programs.
Read also: Is DeSci the Next Big Thing? Binance’s CZ, Brian Armstrong, and Vitalik Are All In
While Zhao wants to promote DeSci funding, Buterin focuses on democratizing scientific research. The Ether…
The post DeSci Coins: Zhao, Buterin, Armstrong Drive Blockchain Science appeared first on Coin Edition.
Blockchain can promote research through funding, transparency, and collaboration.
Changpeng Zhao, Vitalik Buterin, and Brian Armstrong have expressed support for DeSci.
The rise of decentralized science (DeSci) highlights blockchain technology’s adaptability to cater to different segments. And in this regard, top blockchain industry leaders Changpeng Zhao, Vitalik Buterin, and Brian Armstrong are championing decentralized science (DeSci) in a big way.
They believe blockchain can revolutionize scientific research and show how blockchain solutions can improve scientific research through decentralized funding, increased transparency, and sustainable collaboration.
Zhao is particularly interested in using crypto to speed up funding in biotechnology research. About a year ago, the Binance co-founder posted on X about exploring crypto solutions for biotech research programs.
Read also: Is DeSci the Next Big Thing? Binance’s CZ, Brian Armstrong, and Vitalik Are All In
While Zhao wants to promote DeSci funding, Buterin focuses on democratizing scientific research. The Ether…
The post DeSci Coins: Zhao, Buterin, Armstrong Drive Blockchain Science appeared first on Coin Edition.
Is CZ’s Giggle Academy Account Restored? Binance Founder Warns Users to Verify Online Information...
Giggle Academy's X Account Compromised
Giggle Academy, an educational platform founded by Binance's Changpeng Zhao (CZ), recently fell victim to a cyberattack that compromised its official X (formerly known as Twitter) account.
The breach allowed attackers to spread misleading information, including a false claim about the appointment of a "new CEO" and phishing links designed to deceive followers.
On 16 November, Zhao confirmed the hack, warning the community not to engage with the compromised account.
Woke up to "Giggle Academy X account hacked". 😱
Working on restoring it. Always use common sense when reading content from anywhere. 🙏
— CZ 🔶 BNB (@cz_binance) November 16, 2024
Giggle Academy, which offers free online courses for grades 1 to 12, focuses on core subjects as well as emotional intelligence, finance, and blockchain.
The initiative aims to provide accessible education to underserved communities.
Giggle Academy's X Account Restored or Compromised Still?
Following the security breach, CZ and the Giggle Academy team, led by CEO Gigi Broverman, have been actively working to regain control of the compromised account.
Their primary goal is to halt the spread of misinformation once the account is restored.
If this account says it will issue coins, or asks you to invest, it must have been hacked . https://t.co/YlsFXIpwMf
— Yi He (@heyibinance) November 15, 2024
CZ took to X to warn his followers about the dangers of interacting with content online and specifically addressed the false claims regarding the appointment of a new CEO.
Although Giggle Academy suggests the account has been restored, neither CZ nor Co-Founder Yi He have issued an official confirmation.
Our account is restored! 🎉 Thanks for your patience.
Giggle Academy is a FREE learning app. No coins, no fees -- just fun education! Double-check everything to avoid scams. 🙏
— Giggle Academy (@GiggleAcademy) November 17, 2024
The community also questioned the legitimacy of the announcement, asking for confirmation.
Hmmm
Am not sure if its restored.
Tell me:
What BNB stands for?
— Elja (@Eljaboom) November 17, 2024
@cz_binance confirm?
— Algoritma Code (@algoritmacode) November 17, 2024
This breach has heightened concerns around the platform's security, especially given Giggle Academy's mission to provide educational resources to underserved children and teenagers in low-literacy areas.
Ensuring the platform's protection is now a top priority for the institution.
Crypto Phishing on the Rise
The breach of Giggle Academy highlights the escalating phishing problem within the blockchain industry, which has already seen losses surpassing $800 million this year alone.
This breach not only raises concerns about security but also the reliability of online educational resources, particularly in regions with low literacy rates.
According to blockchain security firm CertiK, the rise in phishing attacks can be attributed to more sophisticated methods such as wallet draining and address poisoning.
#CertiKInsight 🚨
So far in 2024 we have recorded over $800m in major phishing incidents pic.twitter.com/r3WAh7eQWz
— CertiK Alert (@CertiKAlert) November 15, 2024
In 2024, CertiK recorded 247 phishing incidents, with the first quarter seeing the highest number of attacks at 82 cases.
Despite a slight decline in incidents during Q2 and Q3, the monetary losses continue to rise, with over $433 million stolen in Q2 alone and $343 million in Q3.
Q4 is on track to surpass these figures, despite fewer reported cases.
One key trend is the increasing use of advanced phishing techniques, including wallet-draining methods popularised by Ice Phishing.
These methods now incorporate more powerful tools like Angel Drainer and Pink Drainer, which drain tokens by tricking users into granting token-spending permissions.
Another growing threat is address poisoning, where scammers create fraudulent wallet addresses that mimic legitimate ones.
By sending scam tokens to these fake addresses, they manipulate transaction histories, leading users to unknowingly interact with fraudulent addresses.
2/ Wallet draining, together with address poisoning, has led to a large increase in losses due to phishinghttps://t.co/12F8WB3D7K
— CertiK Alert (@CertiKAlert) November 15, 2024
Giggle Academy, an educational platform founded by Binance's Changpeng Zhao (CZ), recently fell victim to a cyberattack that compromised its official X (formerly known as Twitter) account.
The breach allowed attackers to spread misleading information, including a false claim about the appointment of a "new CEO" and phishing links designed to deceive followers.
On 16 November, Zhao confirmed the hack, warning the community not to engage with the compromised account.
Woke up to "Giggle Academy X account hacked". 😱
Working on restoring it. Always use common sense when reading content from anywhere. 🙏
— CZ 🔶 BNB (@cz_binance) November 16, 2024
Giggle Academy, which offers free online courses for grades 1 to 12, focuses on core subjects as well as emotional intelligence, finance, and blockchain.
The initiative aims to provide accessible education to underserved communities.
Giggle Academy's X Account Restored or Compromised Still?
Following the security breach, CZ and the Giggle Academy team, led by CEO Gigi Broverman, have been actively working to regain control of the compromised account.
Their primary goal is to halt the spread of misinformation once the account is restored.
If this account says it will issue coins, or asks you to invest, it must have been hacked . https://t.co/YlsFXIpwMf
— Yi He (@heyibinance) November 15, 2024
CZ took to X to warn his followers about the dangers of interacting with content online and specifically addressed the false claims regarding the appointment of a new CEO.
Although Giggle Academy suggests the account has been restored, neither CZ nor Co-Founder Yi He have issued an official confirmation.
Our account is restored! 🎉 Thanks for your patience.
Giggle Academy is a FREE learning app. No coins, no fees -- just fun education! Double-check everything to avoid scams. 🙏
— Giggle Academy (@GiggleAcademy) November 17, 2024
The community also questioned the legitimacy of the announcement, asking for confirmation.
Hmmm
Am not sure if its restored.
Tell me:
What BNB stands for?
— Elja (@Eljaboom) November 17, 2024
@cz_binance confirm?
— Algoritma Code (@algoritmacode) November 17, 2024
This breach has heightened concerns around the platform's security, especially given Giggle Academy's mission to provide educational resources to underserved children and teenagers in low-literacy areas.
Ensuring the platform's protection is now a top priority for the institution.
Crypto Phishing on the Rise
The breach of Giggle Academy highlights the escalating phishing problem within the blockchain industry, which has already seen losses surpassing $800 million this year alone.
This breach not only raises concerns about security but also the reliability of online educational resources, particularly in regions with low literacy rates.
According to blockchain security firm CertiK, the rise in phishing attacks can be attributed to more sophisticated methods such as wallet draining and address poisoning.
#CertiKInsight 🚨
So far in 2024 we have recorded over $800m in major phishing incidents pic.twitter.com/r3WAh7eQWz
— CertiK Alert (@CertiKAlert) November 15, 2024
In 2024, CertiK recorded 247 phishing incidents, with the first quarter seeing the highest number of attacks at 82 cases.
Despite a slight decline in incidents during Q2 and Q3, the monetary losses continue to rise, with over $433 million stolen in Q2 alone and $343 million in Q3.
Q4 is on track to surpass these figures, despite fewer reported cases.
One key trend is the increasing use of advanced phishing techniques, including wallet-draining methods popularised by Ice Phishing.
These methods now incorporate more powerful tools like Angel Drainer and Pink Drainer, which drain tokens by tricking users into granting token-spending permissions.
Another growing threat is address poisoning, where scammers create fraudulent wallet addresses that mimic legitimate ones.
By sending scam tokens to these fake addresses, they manipulate transaction histories, leading users to unknowingly interact with fraudulent addresses.
2/ Wallet draining, together with address poisoning, has led to a large increase in losses due to phishinghttps://t.co/12F8WB3D7K
— CertiK Alert (@CertiKAlert) November 15, 2024
Weekly Crypto Hack Report: Stolen Assets Cross Over $30 Million Over the Week
The post Weekly Crypto Hack Report: Stolen Assets Cross Over $30 Million Over the Week appeared first on Coinpedia Fintech News
The cryptocurrency market is still struggling with increased attacks, which affect defi applications, smart contracts, and accounts in social networks. The last week has been terrible regarding the hacks and the financial damage exceeded over $30 million.
From hijacking projects’ social media accounts or stealing public attention to smart contract hacks and sophisticated coding attacks, the increasing frequency of attacks proves that the crypto ecosystem needs more security as it expands.
1. Giggle Academy’s X Account Breach
Binance CEO CZ acknowledged there was an X account hack on Giggle Academy. Cybercriminals used the account to spread links to phishing sites and fake news, up to the “new CEO.” CZ asked users to stop interacting with that account until the team could find a way to regain control of it. The educational project is recognised for delivering affordable and game-based approaches to learning.
2. Dogwifcoin (WIF) Social Sites Hacking
The X account of meme token Dogwifcoin (WIF) was disturbed on November 15, 2024. Some users fell victim to token phishing where hackers created links with actual token contracts. There were no reported losses of funds but this case shows that platforms need to be more concerned about the security of social media accounts in crypto.
3. Derailing DeFi; Thala’s $25.5M exploit
DeFi platform Thala based in Aptos lost $25.5 million to a flaw in v1 farming contracts. The hackers, they went ahead and broke the protocol in a way that enabled the attack to withdraw liquidity pool tokens. Thala froze a number of affected contracts and offered a $ 300,000 reward for the return of assets. MOD tokens worth around $9m and THL tokens worth $2.5m were affected during the freeze.
4. DeltaPrime Protocol Breach
The decentralised finance platform of DeltaPrime was hacked on November 11, 2024, where attackers took over the platform’s smart contracts on Avalanche and Arbitrum. The primary damages were amounting to $4.75 million, effectively hitting the protocol hard.
It attacked the company’s lending process as its main focus. The attackers abused its loan functions, and as a result, got more money on funds than the collaterals allowed. This led to a systemic drain of liquidity from any pool throughout the network. The team immediately stopped the protocol to prevent any more harm from being done.
That was all for this week’s crypto hack report, stay tuned as we bring more for you!
The cryptocurrency market is still struggling with increased attacks, which affect defi applications, smart contracts, and accounts in social networks. The last week has been terrible regarding the hacks and the financial damage exceeded over $30 million.
From hijacking projects’ social media accounts or stealing public attention to smart contract hacks and sophisticated coding attacks, the increasing frequency of attacks proves that the crypto ecosystem needs more security as it expands.
1. Giggle Academy’s X Account Breach
Binance CEO CZ acknowledged there was an X account hack on Giggle Academy. Cybercriminals used the account to spread links to phishing sites and fake news, up to the “new CEO.” CZ asked users to stop interacting with that account until the team could find a way to regain control of it. The educational project is recognised for delivering affordable and game-based approaches to learning.
2. Dogwifcoin (WIF) Social Sites Hacking
The X account of meme token Dogwifcoin (WIF) was disturbed on November 15, 2024. Some users fell victim to token phishing where hackers created links with actual token contracts. There were no reported losses of funds but this case shows that platforms need to be more concerned about the security of social media accounts in crypto.
3. Derailing DeFi; Thala’s $25.5M exploit
DeFi platform Thala based in Aptos lost $25.5 million to a flaw in v1 farming contracts. The hackers, they went ahead and broke the protocol in a way that enabled the attack to withdraw liquidity pool tokens. Thala froze a number of affected contracts and offered a $ 300,000 reward for the return of assets. MOD tokens worth around $9m and THL tokens worth $2.5m were affected during the freeze.
4. DeltaPrime Protocol Breach
The decentralised finance platform of DeltaPrime was hacked on November 11, 2024, where attackers took over the platform’s smart contracts on Avalanche and Arbitrum. The primary damages were amounting to $4.75 million, effectively hitting the protocol hard.
It attacked the company’s lending process as its main focus. The attackers abused its loan functions, and as a result, got more money on funds than the collaterals allowed. This led to a systemic drain of liquidity from any pool throughout the network. The team immediately stopped the protocol to prevent any more harm from being done.
That was all for this week’s crypto hack report, stay tuned as we bring more for you!
Ex-Binance CZ's New Business Venture Suffers Hacker Attack
Binance co-founder and its former glorious Chief Executive Changpeng Zhao (frequently famous as simply CZ) has spread the word that this morning he spotted a major problem with his new venture called “The Giggle Academy.”
CZ's Giggle Academy account falls victim to hackers
CZ tweeted that the new project’s X account has been hacked and he is currently doing his best to get it restored.
The legendary ex-CEO of Binance revealed no particular details of what had happened. All he added to his message was a security warning for all internet users to note: “Always use common sense when reading content from anywhere.”
Woke up to "Giggle Academy X account hacked". 😱Working on restoring it. Always use common sense when reading content from anywhere. 🙏
— CZ 🔶 BNB (@cz_binance) November 16, 2024
The crypto community wished him luck with sorting the hack out and restoring the X account. CZ reported no suspicious activity that could be noticed on it. Frequently, X accounts of celebrities and influencers are hacked and hijacked in order to promote various crypto scams.
Many commentators asked if the educational content of his new platform was “SAFU.”
CZ's last tweet on Friday before he reported the hack was a screen recording of the Giggle Academy app, which helps children learn English, math and blockchain for free starting at the age of four.
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CZ makes important crypto statement this week
On Friday, Changpeng Zhao revisited a tweet that he published a year and 16 days ago on Nov. 1. In that tweet, he spoke about “a better form of money that helps billions,” meaning crypto. “Imagine being on the wrong side of history” about that, he tweeted back then.
On Friday, he addressed his millions of X followers, urging them to “be on the right side of history.” That tweet came out as the world’s pioneer cryptocurrency Bitcoin skyrocketed to reach a new historic peak of $93,434 a few days before that.
CZ's Giggle Academy account falls victim to hackers
CZ tweeted that the new project’s X account has been hacked and he is currently doing his best to get it restored.
The legendary ex-CEO of Binance revealed no particular details of what had happened. All he added to his message was a security warning for all internet users to note: “Always use common sense when reading content from anywhere.”
Woke up to "Giggle Academy X account hacked". 😱Working on restoring it. Always use common sense when reading content from anywhere. 🙏
— CZ 🔶 BNB (@cz_binance) November 16, 2024
The crypto community wished him luck with sorting the hack out and restoring the X account. CZ reported no suspicious activity that could be noticed on it. Frequently, X accounts of celebrities and influencers are hacked and hijacked in order to promote various crypto scams.
Many commentators asked if the educational content of his new platform was “SAFU.”
CZ's last tweet on Friday before he reported the hack was a screen recording of the Giggle Academy app, which helps children learn English, math and blockchain for free starting at the age of four.
card
CZ makes important crypto statement this week
On Friday, Changpeng Zhao revisited a tweet that he published a year and 16 days ago on Nov. 1. In that tweet, he spoke about “a better form of money that helps billions,” meaning crypto. “Imagine being on the wrong side of history” about that, he tweeted back then.
On Friday, he addressed his millions of X followers, urging them to “be on the right side of history.” That tweet came out as the world’s pioneer cryptocurrency Bitcoin skyrocketed to reach a new historic peak of $93,434 a few days before that.
Giggle Academy Hacked: CZ Warns About False Information
On November 16, the Giggle Academy X account was hacked and fake information was spread. The hacker announced a “new CEO” and encouraged followers to click phishing links to supposedly confirm the news. Binance founder Changpeng ‘CZ’ Zhao, who started Giggle Academy, alerted his followers about the hack and urged them to be cautious of any messages from the hacked account.
Giggle Academy aims to provide free schooling for grades 1-12 and has a unique, revenue-free model. The platform remains compromised, with CZ and the team working on its recovery.
Source
<p>The post Giggle Academy Hacked: CZ Warns About False Information first appeared on CoinBuzzFeed.</p>
Giggle Academy aims to provide free schooling for grades 1-12 and has a unique, revenue-free model. The platform remains compromised, with CZ and the team working on its recovery.
Source
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Giggle Academy’s X Account Hacked: Binance Founder CZ Issues Warning
The post Giggle Academy’s X Account Hacked: Binance Founder CZ Issues Warning appeared first on Coinpedia Fintech News
Giggle Academy’s X account which has been created by the Binance founder Changpeng “CZ” Zhao was breached leading to the posting of fake statements as well as links to phishing. He revealed that the hackers altered the name of the company’s CEO on the account, and posted misleading information. CZ said the breach was possible and advised people not to interact with any posts or links from the compromised account. The team is already in the process of its recovery. Giggle Academy is an international organization aimed at delivering free game-based learning, and this case is a vivid example of modern cyber threats.
Giggle Academy’s X account which has been created by the Binance founder Changpeng “CZ” Zhao was breached leading to the posting of fake statements as well as links to phishing. He revealed that the hackers altered the name of the company’s CEO on the account, and posted misleading information. CZ said the breach was possible and advised people not to interact with any posts or links from the compromised account. The team is already in the process of its recovery. Giggle Academy is an international organization aimed at delivering free game-based learning, and this case is a vivid example of modern cyber threats.
Binance Founder Zhao’s Giggle Academy X Account Compromised
Changpeng Zhao’s Giggle Academy has faced a security breach on its X account.
The Binance founder alerts the community to be cautious about the hacked account.
Yi He asserts that Giggle Academy will never issue coins or ask for investments.
Binance founder Changpeng Zhao’s educational startup, Giggle Academy, suffered a security breach on its X (formerly Twitter) account. Following the hack, Zhao warned the community to be cautious of the misinformation from the compromised account. The company and Zhao are working together to regain control over the hacked account.
Giggle Academy, introduced in March 2024, aims to bridge educational gaps by offering free learning opportunities to underprivileged children in developing countries. While the platform has no connections with the crypto space, Zhao stated before its launch that “no new tokens” would be involved in the project. The move aims to revolutionize education by integrating two groundbreaking technologies- artificial intelligence and blockchain technology. Speaking about Giggle Academy’s vision, Zhao stated, “Our goal is to empower underserved communities by providing the tools and knowledge necessary to succeed in the digital economy.”
The hacked X account of Giggle Academy, which is reportedly still under the control of the hackers, attracted the community’s attention with some “exciting news.” Notably, the hackers introduced Giggle Academy’s new CEO, “Glenn Rama,” misleading the followers. In addition, they posted phishing links, urging them to click and fall prey to potential scams.
Binance co-founder Yi He also alerted the community on the hack, alarming them to stay away from such attacks. She asserted that Giggle Academy will never issue coins or ask for investments.
Zhao shifted his focus from Binance to Giggle Academy after he resigned from the crypto exchange. Following the legal saga with the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), Zhao stepped down as the Binance CEO. On November 21, Zhao pleaded guilty to violating anti-money laundering laws and agreed to a $4.3 billion settlement, including a personal penalty of $50 million.
The post Binance Founder Zhao’s Giggle Academy X Account Compromised appeared first on CryptoTale.
The Binance founder alerts the community to be cautious about the hacked account.
Yi He asserts that Giggle Academy will never issue coins or ask for investments.
Binance founder Changpeng Zhao’s educational startup, Giggle Academy, suffered a security breach on its X (formerly Twitter) account. Following the hack, Zhao warned the community to be cautious of the misinformation from the compromised account. The company and Zhao are working together to regain control over the hacked account.
Giggle Academy, introduced in March 2024, aims to bridge educational gaps by offering free learning opportunities to underprivileged children in developing countries. While the platform has no connections with the crypto space, Zhao stated before its launch that “no new tokens” would be involved in the project. The move aims to revolutionize education by integrating two groundbreaking technologies- artificial intelligence and blockchain technology. Speaking about Giggle Academy’s vision, Zhao stated, “Our goal is to empower underserved communities by providing the tools and knowledge necessary to succeed in the digital economy.”
The hacked X account of Giggle Academy, which is reportedly still under the control of the hackers, attracted the community’s attention with some “exciting news.” Notably, the hackers introduced Giggle Academy’s new CEO, “Glenn Rama,” misleading the followers. In addition, they posted phishing links, urging them to click and fall prey to potential scams.
Binance co-founder Yi He also alerted the community on the hack, alarming them to stay away from such attacks. She asserted that Giggle Academy will never issue coins or ask for investments.
Zhao shifted his focus from Binance to Giggle Academy after he resigned from the crypto exchange. Following the legal saga with the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), Zhao stepped down as the Binance CEO. On November 21, Zhao pleaded guilty to violating anti-money laundering laws and agreed to a $4.3 billion settlement, including a personal penalty of $50 million.
The post Binance Founder Zhao’s Giggle Academy X Account Compromised appeared first on CryptoTale.
Hackers Attack Giggle Academy’s X Account, Spread False Claims
Hackers compromised Giggle Academy’s X account, spreading false information and phishing links, causing security concerns.
Changpeng Zhao responded quickly, warning users to avoid messages from the compromised account and not to click on links.
Despite the hack, Giggle Academy remains focused on providing free, secure education, using blockchain for transparency and engagement.
Hackers have breached the official X account of Giggle Academy, an educational platform founded by former Binance CEO Changpeng Zhao.
https://twitter.com/cz_binance/status/1857629129295704410
They took control and started spreading false information, including claims of a new CEO, and shared phishing links. The hack raises concerns about security for high-profile crypto projects.
Giggle Academy, designed to provide free education from grades 1 to 12, uses blockchain and gamification for accessible and engaging learning. This security incident temporarily disrupts the platform’s mission, causing concerns for users’ safety.
Zhao Responds Swiftly to Security Breach
Changpeng Zhao responded quickly, alerting followers on X to avoid messages from the compromised account. He has warned users not to click suspicious links, reinforcing the need for caution. Binance co-founder Yi He echoed Zhao’s warning and confirmed the hack. The team and Binance are actively working to restore control.
Hackers often target high-profile accounts to spread crypto scams. This hack stresses the need for strong defenses in the crypto sector. Zhao emphasizes security as a top priority and encourages users to trust only verified sources.
Giggle Academy’s Mission Remains Strong
Despite the setback, Giggle Academy continues to focus on its educational mission. The platform aims to provide secure, accessible learning, using blockchain for transparency and gamified learning to boost engagement. It primarily serves regions with low literacy rates, making a significant impact worldwide.
Zhao remains dedicated to Giggle Academy’s vision, aiming to close educational gaps through technology. He views the platform as a means to empower communities and promote educational equality.
While Zhao and his team work to restore account control, Giggle Academy’s mission to provide free, secure education remains intact. Zhao’s response reassures users of his commitment to safe, accessible education for all.
The post Hackers Attack Giggle Academy’s X Account, Spread False Claims appeared first on Crypto News Land.
Changpeng Zhao responded quickly, warning users to avoid messages from the compromised account and not to click on links.
Despite the hack, Giggle Academy remains focused on providing free, secure education, using blockchain for transparency and engagement.
Hackers have breached the official X account of Giggle Academy, an educational platform founded by former Binance CEO Changpeng Zhao.
https://twitter.com/cz_binance/status/1857629129295704410
They took control and started spreading false information, including claims of a new CEO, and shared phishing links. The hack raises concerns about security for high-profile crypto projects.
Giggle Academy, designed to provide free education from grades 1 to 12, uses blockchain and gamification for accessible and engaging learning. This security incident temporarily disrupts the platform’s mission, causing concerns for users’ safety.
Zhao Responds Swiftly to Security Breach
Changpeng Zhao responded quickly, alerting followers on X to avoid messages from the compromised account. He has warned users not to click suspicious links, reinforcing the need for caution. Binance co-founder Yi He echoed Zhao’s warning and confirmed the hack. The team and Binance are actively working to restore control.
Hackers often target high-profile accounts to spread crypto scams. This hack stresses the need for strong defenses in the crypto sector. Zhao emphasizes security as a top priority and encourages users to trust only verified sources.
Giggle Academy’s Mission Remains Strong
Despite the setback, Giggle Academy continues to focus on its educational mission. The platform aims to provide secure, accessible learning, using blockchain for transparency and gamified learning to boost engagement. It primarily serves regions with low literacy rates, making a significant impact worldwide.
Zhao remains dedicated to Giggle Academy’s vision, aiming to close educational gaps through technology. He views the platform as a means to empower communities and promote educational equality.
While Zhao and his team work to restore account control, Giggle Academy’s mission to provide free, secure education remains intact. Zhao’s response reassures users of his commitment to safe, accessible education for all.
The post Hackers Attack Giggle Academy’s X Account, Spread False Claims appeared first on Crypto News Land.
Ex-Binance CZ Issues Big Crypto Warning: 'Be on the Right Side of History'
Changpeng Zhao, known to many in the crypto community as CZ, has published a tweet to issue an important warning and remind his nine million X followers in light of current events related to Bitcoin and its recent astonishing price surge.
CZ warns crypto community against this
In his tweet, Changpeng Zhao told his millions of X followers to “be on the right side of history.” He quoted his own X post published on Nov. 1 last year, when he was still the chief executive officer at Binance.
Back on that day, he mentioned “a better form of money that helps billions,” warning the community that it “won’t be a good legacy” to be on the wrong side of history in this respect.
Be on the right side of history. https://t.co/HjlMo88u1y
— CZ 🔶 BNB (@cz_binance) November 15, 2024
This tweet came as the global flagship cryptocurrency, Bitcoin, finally regained the $90,000 price mark after facing a large 5.7% decline, when it fell from above the $93,000 level reached on Wednesday.
On Nov. 13, Bitcoin skyrocketed to a historic peak of $93,434 upon recent political developments in the U.S. and after the Federal Reserve slashed the interest rate by 25 basis points. That was the second rate cut this year after the first one in September, when the Fed decreased the rate by 50 basis points.
When the ATH happened, CZ tweeted that there are likely to be many Bitcoin hikes and drops in the future, and he warned the community that they should “control their greed,” manage risks accordingly and should not put all their eggs in one basket.
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Strategic Bitcoin reserve initiative from Pennsylvania
FOX Business has reported that lawmakers in Pennsylvania have proposed a bill that would allow the state’s treasury to put Bitcoin on its balance sheet, as BTC is widely becoming recognized as a store of value. This idea for the whole U.S. was first suggested by pro-crypto senator Cynthia Lummis of Wyoming in July.
According to FOX Business, the strategic bitcoin reserve bill introduced by the Pennsylvania House of Representatives on Thursday is the first of its kind and will allow the state treasury to allocate 10% of its approximately $7 billion in state funds to bitcoin. The bill will be…
— Wu Blockchain (@WuBlockchain) November 15, 2024
She then said that the U.S. would buy one million in Bitcoin over the next five years – 200,000 BTC per year. One million Bitcoins is roughly 5% of the total 21 million BTC supply that can ever exist. The new bill would allow Pennsylvania to allocate 10% of its $7 billion budget to buy Bitcoin with.
CZ warns crypto community against this
In his tweet, Changpeng Zhao told his millions of X followers to “be on the right side of history.” He quoted his own X post published on Nov. 1 last year, when he was still the chief executive officer at Binance.
Back on that day, he mentioned “a better form of money that helps billions,” warning the community that it “won’t be a good legacy” to be on the wrong side of history in this respect.
Be on the right side of history. https://t.co/HjlMo88u1y
— CZ 🔶 BNB (@cz_binance) November 15, 2024
This tweet came as the global flagship cryptocurrency, Bitcoin, finally regained the $90,000 price mark after facing a large 5.7% decline, when it fell from above the $93,000 level reached on Wednesday.
On Nov. 13, Bitcoin skyrocketed to a historic peak of $93,434 upon recent political developments in the U.S. and after the Federal Reserve slashed the interest rate by 25 basis points. That was the second rate cut this year after the first one in September, when the Fed decreased the rate by 50 basis points.
When the ATH happened, CZ tweeted that there are likely to be many Bitcoin hikes and drops in the future, and he warned the community that they should “control their greed,” manage risks accordingly and should not put all their eggs in one basket.
card
Strategic Bitcoin reserve initiative from Pennsylvania
FOX Business has reported that lawmakers in Pennsylvania have proposed a bill that would allow the state’s treasury to put Bitcoin on its balance sheet, as BTC is widely becoming recognized as a store of value. This idea for the whole U.S. was first suggested by pro-crypto senator Cynthia Lummis of Wyoming in July.
According to FOX Business, the strategic bitcoin reserve bill introduced by the Pennsylvania House of Representatives on Thursday is the first of its kind and will allow the state treasury to allocate 10% of its approximately $7 billion in state funds to bitcoin. The bill will be…
— Wu Blockchain (@WuBlockchain) November 15, 2024
She then said that the U.S. would buy one million in Bitcoin over the next five years – 200,000 BTC per year. One million Bitcoins is roughly 5% of the total 21 million BTC supply that can ever exist. The new bill would allow Pennsylvania to allocate 10% of its $7 billion budget to buy Bitcoin with.
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CZ’s Cryptic Post Signals Resilience for Crypto After Legal Troubles
Changpeng Zhao posts a cryptic message on X targeting his followers.
The former CEO of Binance described cryptocurrency as a better form of money.
Zhao’s statement aligns with the crypto industry’s outlook following Trump’s win.
Changpeng Zhao, the former CEO of Binance, posted a cryptic message on his X page, “Be on the right side of history.” The statement echoed a post from 2022 in which Zhao described cryptocurrency as a better form of money benefiting billions globally.
Source: Twitter
In his post from 2022, Zhao advised his X community members not to be on the wrong side of history, stating that it would not be a good legacy. Although Zhao’s latest message did not pinpoint anything specific, market observers stated that he was referring to the U.S. Securities and Exchange Commission (SEC), considering the regulatory body’s scrutiny of the crypto industry.
The SEC has faced severe backlash from several crypto firms for stifling innovation rather than fostering growth within the crypto space when it should have provided proper regulations and support for the emerging industry. The regulatory body’s actions include a 2023 lawsuit agai…
The post CZ’s Cryptic Post Signals Resilience for Crypto After Legal Troubles appeared first on Coin Edition.
The former CEO of Binance described cryptocurrency as a better form of money.
Zhao’s statement aligns with the crypto industry’s outlook following Trump’s win.
Changpeng Zhao, the former CEO of Binance, posted a cryptic message on his X page, “Be on the right side of history.” The statement echoed a post from 2022 in which Zhao described cryptocurrency as a better form of money benefiting billions globally.
Source: Twitter
In his post from 2022, Zhao advised his X community members not to be on the wrong side of history, stating that it would not be a good legacy. Although Zhao’s latest message did not pinpoint anything specific, market observers stated that he was referring to the U.S. Securities and Exchange Commission (SEC), considering the regulatory body’s scrutiny of the crypto industry.
The SEC has faced severe backlash from several crypto firms for stifling innovation rather than fostering growth within the crypto space when it should have provided proper regulations and support for the emerging industry. The regulatory body’s actions include a 2023 lawsuit agai…
The post CZ’s Cryptic Post Signals Resilience for Crypto After Legal Troubles appeared first on Coin Edition.