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Markets

BREAKING: CZ Issues Statement on the Binance Hack – Confirms the Hack

Binance founder CZ confirmed that a hack had occurred. CZ stated that user funds were safe. Acknowledging the hack on Binance, CZ added that he appreciated the $971 million and $823 million f

AnonymousCryptoCompass newsroom
October 29, 2026
1 min read
NEWS
BREAKING: CZ Issues Statement on the Binance Hack – Confirms the Hack
CryptoCompass editorial visual for markets coverage.

Binance founder CZ confirmed that a hack had occurred.

CZ stated that user funds were safe. Acknowledging the hack on Binance, CZ added that he appreciated the $971 million and $823 million freezes carried out by Tether and Circle.

CZ, who stated that he no longer manages Binance, added that as a shareholder, he expects full compensation for user losses.

*This is not investment advice.

Continue Reading: BREAKING: CZ Issues Statement on the Binance Hack – Confirms the Hack