Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Changpeng Zhao (CZ), Binance’s former CEO, has taken to his X account to deliver an important warning to the global crypto community, urging them to beware of hackers.
He published that post, commenting on the hack of major crypto news outlet CoinTelegraph (CT) that took place recently. CZ also published a statement about a new Bitcoin all-time high and shared his take on when it is likely to happen.
CZ comments on CT and CMC hacks
CZ commented on a tweet coming from @realScamSniffer, saying that CT’s frontend has been compromised. According to the X thread, CT’s advertising system contains a malicious code. “Please be cautious,” the tweet warns.
Two days before, on June 21, the same X account announced that CoinMarketCap was hacked too.
CZ also mentioned CMC’s hack last week, saying that after the major crypto data platform that belongs to Binance, CoinMarketCap, hackers are now targeting information websites. “Be careful when authorizing wallet connect,” Changpeng Zhao warned his followers on X.
As for the CoinMarketCap attack, he stated that, according to the data revealed by on-chain analysis, the CMC hack resulted in 39 victims; the combined loss suffered by users is $18,570. CZ assured users that CoinMarketCap will compensate all of those losses.
CZ's prediction on new crypto ATHs
In another tweet, which came out later, Zhao stated that he believes everything before a new all-time high to be a dip. He did not mention Bitcoin but was rather talking about major cryptocurrencies in general, including the flagship crypto. Bitcoin’s last ATH took place on May 22, when it reached $111,970.
CZ then, expecting an obvious question as to “will there be a next ATH,” did not offer any predictions. However, he believes that only “a small number of strong coins will do that.” His advice is that those who seek new crypto champions should “look for long term staying power and growth potential.”
Zhao shares take on Elon Musk’s astounding AI statement
On Saturday, tech billionaire Elon Musk announced that the next iteration of his AI chatbot Grok intends to “rewrite the entire corpus of human knowledge.” While doing this, Grok will add missing information and delete errors. When this is done, Grok will be retrained on the new data.
CZ commented that he looks forward to how this initiative will play out, saying that this is a highly debated issue.
U.Today Editorial Team
Dan Burgin
