CZ warns of targeted attack by government-backed hackers

**Binance Founder CZ Targeted by Government-Backed Hackers in Cryptocurrency Security Breach Attempt**

Changpeng Zhao (CZ), founder and former CEO of leading cryptocurrency exchange Binance, warned the crypto community about a sophisticated cyberattack attempt by government-backed hackers on October 10, 2025. The Binance executive shared a Google security alert on X (formerly Twitter), revealing that state-sponsored actors attempted to steal his login credentials through a targeted phishing campaign.

This incident highlights growing cybersecurity threats facing cryptocurrency industry leaders and major blockchain platforms. Government-backed hacking groups increasingly target crypto exchanges, DeFi protocols, and Bitcoin industry executives as digital assets gain mainstream adoption. CZ's public warning underscores the critical importance of enhanced security measures across cryptocurrency platforms and personal crypto wallets.

The attempted breach comes amid heightened regulatory scrutiny of Binance and the broader cryptocurrency market. Such targeted attacks on crypto industry leaders could potentially impact Bitcoin prices and investor confidence in digital asset security. Cryptocurrency users and blockchain companies must implement robust security protocols to protect against state-sponsored cyber threats targeting the growing crypto ecosystem.