Changpeng Zhao, founder and former CEO of Binance, says artificial intelligence is amplifying hackers’ offensive capabilities, enabling them to carry out several attacks per day. He believes this development is bringing the risks facing crypto platforms and traditional banks closer together. Following the theft of approximately $6.3 billion from Binance on October 29, 2026, net withdrawals measured in the first hours ranged from $3.6 billion to $5.8 billion, while $10.97 billion was withdrawn over 46 hours, resulting in net outflows of $5.28 billion. Tether and Circle froze part of the stolen funds within minutes, with direct participation from the US Secret Service, before deposits once again exceeded withdrawals. Zhao calls on the industry to use AI for defense and to create an interplatform alliance for sharing intelligence and best practices.
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