CZ

Binance founder Changpeng Zhao has urged crypto holders to spread funds across multiple wallets after a major Coldcard hardware wallet exploit. The incident exposed a long-running firmware flaw that allowed an attacker to reconstruct private keys offline and drain bitcoin from affected addresses.

Binance founder Changpeng Zhao is back in the public eye, outlining his views on crypto’s future in the United States. Despite stepping away from day-to-day exchange leadership, he remains a major force in the industry.

Binance founder Changpeng “CZ” Zhao said prison time has not been a business setback, arguing that people understand he was not involved in fraud. He said the experience sharpened his compliance awareness and that he is focused on advising companies, not returning as CEO.

Binance founder CZ says Binance.US could materially improve trading liquidity for American users if the exchange works with Binance. He also says he prefers informal advising roles over taking another executive seat.

The SEC and Binance move to halt their legal battle for 60 days, seeking an early resolution. Could the new Crypto Task Force help end the case?