Binance hack: CZ warns that AI will accelerate attacks against the crypto sector, then against banks

Former Binance CEO Changpeng “CZ” Zhao warned that AI will accelerate the pace and severity of hacks against crypto platforms, predicting the sector will be hit first before attacks extend to banks, which he said are poorly positioned against this new generation of cyberattacks. The warning follows a hack of Binance, though the article did not disclose the amount stolen, the affected chain or token, or any TVL, volume, market cap or funding figures. CZ, who founded and formerly led Binance, framed AI as a force multiplier that makes attacks easier to execute and more damaging. The comments matter because they tie AI-enabled cyber risk directly to the largest crypto exchange and to traditional banking, broadening the threat beyond crypto-native targets. What to watch next: Binance’s disclosure of hack details and remediation, and whether exchanges and banks accelerate AI-driven security spending.