cz

Binance founder CZ retweeted a warning about a critical vulnerability in Microsoft Paint, stating: "The application cannot protect you from operating system vulnerabilities, please update your operating system immediately."It is reported that Microsoft has disclosed a Windows Paint vulnerability numbered CVE-2026-83844, with a CVSS score of 8.1, affecting versions of Microsoft Paint below 11.2605.91. The vulnerability stems from an out-of-bounds read issue, which could allow an unauthenticated attacker to remotely execute malicious code without user interaction. Microsoft has released a security patch, and there have been no confirmed reports of the vulnerability being actively exploited. CZ uses this to remind users that application layer security measures cannot replace the security updates of the operating system itself, and system and software patches should be installed promptly.

According to GMGN data, the meme coin GREEN MORNING (GM) on BSC has risen 240% in the past hour, with a current market capitalization of 8.25 million USD. Previously, Musk had responded to the cryptocurrency market decline with a CZ-related meme image, to which CZ later replied with a meme of "an arrow hit the knee."OKX CEO Star also joined the interaction, jokingly stating, "The richest man is jealous of the richest man, so he 'blackens' the richest man again." He Yi retweeted Musk's earlier CZ-related meme image on the X platform, accompanied by the classic scene of the red and blue pills from the movie "The Matrix," asking netizens which color pill they would choose.

Binance founder CZ used a "CZ meme" on social media in response to another meme "An arrow to the knee," implying "I didn't expect it to drop this much" or "I didn't expect the meme to be used here."The "An arrow to the knee" meme originates from the NPC line in the game "The Elder Scrolls V," "I used to be an adventurer like you, then I took an arrow in the knee." After the game became popular, this meme spread widely and evolved into a template for expressing a change in expectations due to an unexpected event. Musk is a fan of "The Elder Scrolls V" and has publicly expressed his love for the game multiple times.

Elon Musk replied to a meme in response to a tweet from a certain cryptocurrency user that said, "Just woke up, let's see how the market is doing," indicating a comprehensive decline in the cryptocurrency market.Although the image is blurred, it can still be inferred from the general outline that the original image is related to CZ.

During a speech at the Oxford Union, Binance founder Changpeng Zhao mentioned that the adoption process of cryptocurrency is slow but irreversible. He estimates that it may take 5 to 10 years for the cryptocurrency adoption rate to reach 20%, while the middle 60% to 80% may take another 10 to 20 years, and the final 20% could take a long time. The initial phase is filled with skepticism, accelerating after surpassing 20%, and slowing down after exceeding 80%.He pointed out that in the past two years, many governments around the world have shown a significant change in their attitude towards cryptocurrency. The United States has shifted to a crypto-friendly stance, with other countries following suit. However, the upgrade of the financial system is slow, and large institutions exhibit inertia, leading to significant friction for banks to directly access blockchain.Currently, innovation in retail payment and daily use cases is still lacking. Many projects are just getting started and will need another year or two, while on the institutional side, ETFs, tokenized stocks, and stablecoins are on the rise. Different cycles focus on different aspects, shifting from early Bitcoin and ICOs to meme coins, and recently turning towards institutional adoption. He remains optimistic about this and is willing to fund developers.

CZ cited security researchers regarding the discovery of counterfeit Trust Wallet websites, reminding users to be cautious in distinguishing between .cam and .com domain names.

Binance co-founder He Yi commented on "Binance facing a second battlefield of public opinion after the security incident," stating, "When the storm comes, they believe that cutting down the biggest tree will make them the winner. Fanning the flames will only drive everyone away and reduce confidence in the industry, not just in Binance."Earlier, Binance founder CZ shared a lengthy article and referred to it as "another attack on Binance." According to the article, from October 30 at 05:00 to November 2 at 20:00, within approximately 78 hours, 1,083 accounts published 11,700 hostile posts regarding the theft of Binance's hot wallet, with about 20.93 million exposures, of which 79.6% were replies, and 3,354 posts were deemed false information, categorized into 15 types of rumors.The article suggests that alongside the real security incident, there was a rhythmic and organized narrative operation on X, with themes shifting according to Binance's response points, including internal sabotage, insolvency, a second FTX, reluctance to open withdrawals, a bank run upon opening, and exaggerating net outflows, among others.

OKX founder Star Xu stated that he does not wish to criticize competitors during their crises, but rather hopes for collaboration to improve safety standards and protect the cryptocurrency industry. However, he expressed discomfort with a recent interview given by a person who claims to no longer manage Binance, referring to himself as the "richest person in the crypto world." He believes the interview is filled with misleading statements, downplays the responsibilities he should bear, and attempts to find excuses for failure by belittling the security of traditional banks.Star Xu noted that after the crisis occurred, this individual was one of the most active voices on social media among Binance-related personnel and had even debated Elon Musk over SpaceX stock investments. He pointed out that the individual repeatedly emphasized "only 2% of funds flowed out of Binance" and continued marketing activities to attract users to deposit funds during the ongoing crisis. Star Xu believes that responsibility should be demonstrated during a crisis, while this interview gives the impression of shirking responsibility and shifting focus.Star Xu cited reports that the price of Bitcoin dropped from about $81,000 to $75,000, with billions of dollars in leveraged positions being liquidated, potentially impacting the credibility of the cryptocurrency industry once again. He stated that what the industry needs is collaboration, accountability, and the protection of user assets along with the establishment of safety standards, rather than more excuses, public relations rhetoric, and marketing packaging.

Binance co-founder CZ stated that such a large-scale hacking attack indicates a serious security failure. No platform can guarantee absolute security, but this cannot be an excuse.CZ mentioned that the public explanation simplified this attack, which seemed to have lasted for months or even years, targeting hundreds of employees and systems, with only a few specific targets ultimately breached. He believes that sharing details can help the entire industry learn lessons. As a shareholder, he hopes Binance will transparently disclose issues, take responsibility, listen to criticism, and make substantial improvements.

CZ stated that Binance has allocated all relevant funds, and about 5% remains to be converted into some small cryptocurrencies, which will take time.

Binance co-founder CZ and co-founder and Chief Customer Service Officer He Yi responded to the recent loss issues at Binance. CZ stated that previous analyses indicated that after USDT and USDC were frozen, Binance's total loss was approximately $1 billion, accounting for about 0.69% of its managed assets. He noted that the actual loss might be slightly higher than that figure, but Binance will bear it.He Yi replied that the company's annual revenue is sufficient to cover the losses, so there is no need to sell SpaceX shares for the time being. CZ then added that he did not mention selling SPCX shares, but merely listed some funding situations that might be known.

Elon Musk responded with an emoji under the discussion related to the Binance security incident. Binance founder CZ stated that, although he respects Musk greatly, this is not the time for jokes and asked him to stop.CZ also mentioned that Binance invested $500 million when Musk acquired Twitter, and the SPCX shares held as a result are now worth over $1 billion, hoping that Musk can provide some support.

Regarding Binance founder CZ's statement that Binance has sufficient funds to cover the losses caused by this security incident, community users commented that before FTX's collapse, SBF also assured that the platform had enough funds. Subsequently, Musk replied to a user's comment with a "😬" emoji.This emoji typically expresses embarrassment, unease, or discomfort with a certain situation. Compared to the "laughing and crying" emoji, it carries more negative emotions and subtle skepticism. This interaction has attracted market attention, with some users speculating that Musk may hold a negative view of Binance or CZ. Musk has not provided further clarification on this, and it remains unclear what specific target his comment was directed at.

Binance founder CZ posted on the X platform stating that user funds are safe (SAFU), and specifically mentioned He Yi working overnight with hundreds of Binance employees to handle the security incident during her pregnancy.CZ noted that many industry friends and even competitors, including those who previously had unfriendly relations, provided much-needed assistance. He described the incident as heartbreaking but emphasized that Binance will get through this tough time.

Binance co-CEO He Yi stated on X at 08:04 Beijing time that user funds are safe, and Binance will bear all losses caused by this hacking attack. He Yi mentioned that currently, both deposits and withdrawals on Binance have been temporarily suspended, and the team is conducting security checks, freezing related funds, and cooperating with law enforcement.Once the investigation is complete, Binance will release a full incident review report. She also reminded users to rely only on information released through Binance's official channels. Previously, CZ stated that the actual losses from this incident may slightly exceed 1 billion dollars and that user funds are expected to be fully covered.

Aave's official statement claims that it is aware of reports regarding potential incidents involving Binance-associated wallets. Aave's contracts remain unaffected, and positions are still over-collateralized; as a precaution, all markets of V3 and V4 operated by the DAO have been frozen.This freeze will suspend new deposits and loans, but users can still withdraw funds and repay existing positions. Previously, Binance reportedly experienced a large-scale abnormal outflow, with on-chain monitoring indicating the scale involved reached billions of dollars, and some stablecoins have been frozen by the issuer; CZ stated that the actual loss may slightly exceed 1 billion dollars and will be fully covered.

CZ's post pointed out that on that day, there were 4 reported data breaches involving Coinbase's third-party vendor Amplitude, the South Korean cryptocurrency exchange Bithumb, and South Korean securities firms Mirae Asset and Daishin Securities. Among them, the breach related to Amplitude did not affect customer funds.CZ stated that the leaked exchange data was primarily used for phishing, SIM card hijacking, social engineering scams, and wrench attacks. He suggested that all platforms use independent email aliases and dedicated backup numbers, refuse to fill out unnecessary personal information, and use strong independent passwords.CZ also recommended enforcing the use of hardware security keys or passkeys, completely disabling SMS 2FA, enabling withdrawal address whitelists, withdrawal time locks, and anti-phishing codes, regularly cleaning API keys and active sessions, and requesting number porting locks from carriers. He also reminded that all customer service contacts that reach out proactively are scammers, and never to click on external links.

Binance founder CZ recently accepted an interview with Japanese business media PIVOT, discussing his decision to voluntarily go to the United States to plead guilty and pay a hefty fine. He emphasized that this was because he did not want to be a fugitive or evade issues. CZ stated that Binance was only involved in registration-related violations, with no fraud and no victims, and that users have always been well protected. Serving time was an unpleasant experience and a lesson.CZ also mentioned that recently, American banks have committed more serious violations but were only fined $1.2 billion and were not prosecuted. He stated that the world is inherently unfair, but he is no longer entangled in it and wants to focus on moving forward, learning from experiences to do more positive things.

CZ quoted a tweet regarding the new L1 plan for BNB Chain, stating "Multiple chains, one coin." According to the tweet citing the official BNB Chain documentation, the new L1 will coexist with BSC, connected through a native cross-chain bridge, will not issue a separate token, and will continue to use BNB for transaction fees, staking, and governance.The name of the new chain is yet to be determined, with a goal of 200 milliseconds block time and approximately 20 milliseconds transaction pre-confirmation. An internal multi-validator development network is currently running, with plans to launch a testnet by the end of 2026 and a mainnet in early 2027.