Binance founder Changpeng Zhao speaks out after Cointelegraph and CoinMarketCap hacks, warning community.
In recent days, all the talk has been about the archive of 16 billion passwords made public in one of the largest archives available to cybercriminals today.
The crypto sector is also on high alert after two major sites, CoinMarketCap and Cointelegraph , were hacked.
In response to these incidents, Binance founder Changpeng Zhao sounded the alarm. He urged the crypto community to be careful when linking their wallets.
Changpeng Zhao Warns Against Rising Cryptocurrency Attacks
Following the attacks that hit CoinMarketCap and Cointelegraph, Binance founder Changpeng Zhao stepped in to warn users of the growing number of similar incidents in the crypto world .
CZ urged crypto people to be cautious whenever they allow wallet linking. In his post he wrote:
Two days ago CMC, now CT. Hackers are targeting news sites. Be careful when authorizing wallet connection.
Not only CZ, but also Web3 security company CertiK reiterated the need to take countermeasures to prevent these attacks.
Today, attackers are moving from exploiting vulnerabilities in smart contracts to targeting users through social engineering schemes . This is the psychological manipulation technique that tricks the victim into believing they are dealing with a legitimate site when in fact they are interacting with fake interfaces capable of stealing data and capital.
Last May, Coinbase also suffered a security breach, during which hackers stole sensitive information from key customers.
According to CertiK, the number of crypto attacks carried out after breaching wallet data is growing . This is a change in strategy by cybercriminals that has led to large losses already in the first half of 2025. Thefts this year amount to $2.1 billion, mostly due to wallet breaches and phishing attacks.
CertiK co-founder Ronghui Gu said :
Attackers always target the weakest link… Previously, it was smart contracts or blockchain code, but now hackers believe that weaknesses may stem more from human behavior than code.
What Happened to CoinMarketCap and Cointelegraph?
Changpeng Zhao's warning comes after CoinMarketCap and Cointelegraph admitted to having suffered major cyber breaches .
The Hack Against CoinMarketCap
According to CoinMarketCap, the attacker committed a security breach , in which hackers exploited a vulnerability in the platform.
The compromised site displayed a fake pop-up notification that attempted to trick users into verifying their crypto wallets , but CoinMarketCap promptly removed the code.
In his post, Changpeng Zhao revealed that CoinMarketCap has reported 39 victims, who have suffered a total loss of $18,570 based on the first on-chain analysis. The platform has pledged to cover all losses.
The attack against Cointelegraph is sophisticated and sneaky
Crypto news outlet Cointelegraph has confirmed that its site was hacked via a front-end exploit. The manipulated site promoted a fake token airdrop and aimed directly at users’ capital.
The media outlet identified the presence of a “fake pop-up” and reported that it is working to find a solution.
The platform warned users with a message: “Do not click on these pop-ups, do not connect your wallets and do not enter any personal information.”
In practice, the fake pop-up notification promoted a now common scam that promised participation in a non-existent giveaway .
The usual message informed users that they had been selected to receive tokens as part of the platform's 'fair launch' initiative.
It displayed a fake token price, promising users around $5,500 in tokens if they linked their wallet, and even went as far as to fake CertiK audit approval. The attacker used a similar tactic to the one used in the CoinMarketCap attack that occurred just two days earlier.
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