CZ: AI has made hacking easy and defense has not caught up | Invest 2026
Binance co-founder and former chief executive Changpeng Zhao tells Brian Sozzi that the record theft from Binance is a sign of something structural: AI has made attacking a system far easier and has not yet made defending one easier, so he expects a lot more of this across finance, not just crypto. He says the platform covered every user loss, that he believes the attack was preventable, and that he did not threaten to sell Binance’s SpaceX stake, which he says was misread. Taped for Yahoo Finance Invest after the FBI attributed the theft to North Korea. Figures and attributions here are his own unless noted.
Featuring:
Changpeng Zhao, co-founder and former Chief Executive Officer, Binance
Brian Sozzi, Executive Editor, Yahoo Finance
Watch the full day of Yahoo Finance Invest: https://youtube.com/live/rAYVxDJYeAc
Timestamps
0:00 What the past few days have been like
1:17 The first moves, and what a shareholder does
2:26 “There’s no 100% security”
3:35 Why he says AI is what changed
4:45 Nefarious actors, and finding one crack
6:22 Are exchanges defenceless against nation states?
8:21 Why he says there was never a bank run risk
10:15 The SpaceX shares, and what Elon Musk actually posted
11:53 “I’m still very friendly with Elon”
13:26 What this does to trust, and his warning about banks
15:38 Why crypto held up better than tech stocks
17:27 Does he miss running Binance?
#Binance #Crypto #Cybersecurity #YahooFinance
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