Binance’s CZ warns of rising crypto hacks targeting Cointelegraph and CoinMarketCap, urging users to verify wallet connections.
The cryptocurrency sector is on edge following recent hacks targeting CoinMarketCap and Cointelegraph. Binance founder Changpeng Zhao has issued a warning, urging users to exercise caution when connecting their wallets to avoid falling victim to these attacks.
Changpeng Zhao Warns of Rising Crypto Hacks
In a recent post on X, Binance founder Changpeng Zhao highlighted the growing threat of cyberattacks in the crypto space, citing the breaches of CoinMarketCap and Cointelegraph as key examples. He advised users to be vigilant when authorizing wallet connections, stating:
2 days ago CMC, now CT. Hackers are targeting information web sites now. Be careful when authorizing wallet connect.
Web3 security firm CertiK noted a shift in attacker strategies, moving from exploiting smart contract vulnerabilities to targeting users through social engineering tactics. Coinbase experienced a security breach in May where hackers stole sensitive client data. According to CertiK, wallet compromise-driven hacks have surged in 2025, with over $2.1 billion stolen, primarily through phishing and wallet-related attacks.
CertiK Co-Founder Ronghui Gu explained:
Attackers always target the weakest point…Smart contracts or blockchain code itself was the weakest point, but now the attackers feel like the weakest points may come from human behavior rather than the code.
What Happened to CoinMarketCap and Cointelegraph?
Changpeng Zhao’s warning follows closely on the heels of security breaches at two prominent crypto platforms.
CoinMarketCap Hack
CoinMarketCap was compromised when hackers exploited a vulnerability, injecting a malicious pop-up that prompted users to “verify” their crypto wallets. The platform quickly removed the malicious code. According to Zhao, the initial on-chain analysis revealed 39 victims with combined losses of $18,570, which CoinMarketCap has committed to fully compensating.
Cointelegraph Hack
Cointelegraph confirmed its website was hit by a front-end exploit that displayed a fraudulent pop-up promoting a fake token airdrop to steal user funds. The platform warned: “Do not click on these pop-ups, connect your wallets, or enter personal information.” The scam falsely promised $5,500 in “CTG tokens” as part of a “fair launch initiative,” even fabricating a CertiK audit to appear legitimate. This attack closely resembled the CoinMarketCap hack that occurred two days prior
