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Incident record · Under review

Binance Founder CZ: Credential compromise

TL;DR Binance co-founder Changpeng Zhao (CZ) recommends waiting at least two weeks before trusting a newly purchased hardware wallet with substantial crypto holdings. A reported $86.9 million theft across Bitcoin, Ethereum, and Tron networks has raised concerns about compromised devices distributed through third-party resellers. Ledger says its manufacturing process, firmware, and Ledger Live software were ... Read more

StatusUnder review
Reported loss$86.0M
ChainMulti-chain
Confidence55%

Evidence boundary

Confidence describes the coverage of the available evidence. It is not a safety rating and does not guarantee that a protocol or asset is safe.

Sources

Record history

First seen: 2026-10-09T12:55:19.000Z. Last updated: 2026-10-09T22:16:08.247Z. Revision: 1.