CROWDFUNDINSIDER · 2026-11-05 01:07 UTC

Binance Inflows Turn Positive After $7B in Withdrawals as CZ Warns of Rising AI-Driven Hacks

Binance suffered a $6.34 billion theft in October involving North Korean attackers who used social engineering and AI tools to compromise engineer systems and access hot wallets across multiple blockchains. Co-founder CZ warned that AI will accelerate cyberattacks on crypto platforms and banks, stating the industry must deploy AI defensively as attackers adopt the technology faster than institutions can defend. Binance has recovered $2.85 billion of stolen assets, replenished 98% of user holdings, and inflows have turned positive after $7 billion in withdrawals.

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