The post Binance’s CZ Issues Urgent Scam Alert: Is Crypto Media at Risk? appeared first on Coinpedia Fintech News

Two major crypto websites were hacked in just two days and now, Binance’s former CEO is warning the community to stay alert.

Changpeng Zhao (CZ) took to X to raise the alarm after CoinTelegraph and CoinMarketCap (CMC) were both hit by hackers. His message is simple: be careful with WalletConnect and think twice before trusting even familiar sites.

Read on to know more.

CMC and CoinTelegraph Compromised

The warning follows a pair of security breaches that hit the crypto world hard. On June 21, the crypto security tracker @realScamSniffer reported that CoinTelegraph’s frontend had been compromised, with malicious code found in its ad system.

CZ quickly responded, linking this to an earlier attack on CoinMarketCap which, importantly, is owned by Binance.

“2 days ago CMC, now CT. Hackers are targeting information web sites now. Be careful when authorizing wallet connect,” CZ posted.

According to his post, the CMC hack led to 39 victims and a total loss of $18,570. He also confirmed that CoinMarketCap will cover all losses.

That’s a small sum by crypto standards, but the method of attack, targeting trusted info sources, is what really matters here. It’s not just wallets and exchanges anymore. Even crypto media isn’t safe.

CZ: “Everything Before an ATH Is a Dip”

In a separate tweet, CZ turned to the market – offering a subtle take on where things might be headed next.

He didn’t mention Bitcoin directly, but the message was clear: “Everything before a new all-time high is a dip.”

That may sound bullish, but CZ added a catch. He said only a small number of strong coins are likely to reach new ATHs. His advice is to look for projects with long-term staying power and real growth potential.

For context, Bitcoin’s last ATH was on May 22, when it hit $111,970.

CZ Reacts to Elon’s Bold AI Plan

CZ also weighed in on another big tech headline. Elon Musk’s announcement about the next version of Grok, his AI chatbot.

Musk says Grok will try to rewrite all of human knowledge, correcting errors and adding what’s missing before retraining on the new data.

CZ responded, “I look forward [to seeing] how this initiative will play out,” and noted that it’s a “highly debated issue.” He didn’t say more, but the tone suggests he’s watching closely and maybe a bit skeptical.

All in All

When CZ speaks up – especially on scams, market trends, or major tech moves – it’s worth paying attention.

This time, his message is loud and clear: double check what you click, think long-term, and don’t blindly trust the platforms you’ve always used. The game is changing, and the risks are evolving.

---

Filed under: Bitcoin - @ June 23, 2025 9:26 am