Binance founder CZ warns against complacency in security practices

Binance founder Changpeng Zhao warned the crypto industry against complacency on security and called for an industry-wide security alliance to counter evolving cyber threats. The appeal stresses collective defense rather than relying on individual firms' protections, framing security as a shared responsibility across exchanges and protocols. It follows a period of high-profile exploits that have repeatedly exposed weaknesses in custody, bridges and smart contracts. The push matters because coordinated threat intelligence and shared standards could reduce the frequency and severity of losses that erode user trust. What to watch next is whether major exchanges and protocols formally commit to the alliance and adopt common disclosure and incident-response practices.