FORBES · 2026-11-02 13:29 UTC

Binance Founder Issues Stark Warning As Bitcoin And Crypto Brace For 'Real' Price Test

Binance founder CZ warned users to 'be careful' as scammers circulate fake posts offering compensation following a recent hack that prompted $3.6 billion in withdrawals. Bitcoin price has dropped 10% over a month amid the Binance hack fallout and concerns about a $2.4 trillion China shock, with options traders pricing only 14% probability of BTC exceeding $90,000 by December 25. U.S. spot bitcoin ETFs recorded their largest daily net outflows in four months on Friday, with traders bracing for further outflows ahead of midterm elections.

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