• The exact moment Changpeng “CZ” Zhao says Binance was hacked to the tune of $40 million during his Twitter AMA, May 7, 2019).

    Following $40 million hack, Binance CEO suggests industry coalition to fight hackers

    Noting that the company has received support from many other exchanges, he said a ‘sort of alliance’ has formed.

    In an update on the $40 million-plus theft of 7,000 Bitcoin on May 7, Binance CEO Changpeng “CZ” Zhao suggested that the cryptocurrency exchange industry may create a more formal alliance to fight thefts and try to prevent thieves from getting away with their ill-gotten gains.