Billions of dollars in transfers from Binance-linked wallets across multiple blockchains sparked fears of a hack, but the transfers have not been confirmed as theft or customer losses, and their purpose remains unclear. The uncertainty coincided with sharp declines in Bitcoin and other cryptocurrencies and a surge in leveraged-trader liquidations.

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Facts from Wikidata (CC0). Image by Aevozer via Wikimedia Commons (CC BY-SA 4.0).

Changpeng Zhao

Canadian businessman

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Changpeng Zhao· Finance · 81 sources · 4hStory

Binance Investigates Billions in Transfers as Crypto Liquidations Surge

Finance· 4h

Facts from Wikidata (CC0). Image by Aevozer via Wikimedia Commons (CC BY-SA 4.0).

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About Changpeng Zhao

Changpeng Zhao, commonly known as CZ, is a Canadian businessman who is known for co-founding the cryptocurrency company Binance. He has also served as CTO of OKCoin and CEO of Binance. According to Forbes, Zhao is the richest Canadian and the 17th-richest person in the world, with a net worth estimated at $111.1 billion as of April 2026.

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Occupation: businessperson, chief executive officer, business executive, orator
Citizenship: Canada
Born: September 10, 1977

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Changpeng Zhao across IJR

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