Crypto Firms Discuss Security Alliance as Binance Founder Seeks U.S. Help

Crypto firms are discussing a security alliance to share security experience and coordinate efforts to freeze stolen funds, as Binance founder 赵长鹏 (CZ) seeks U.S. help against North Korean hacking activity.

The alliance remains under discussion. Plans include exchanging security experience, reviewing participating organizations through cross-audits and coordinating faster freezes of stolen funds.

Gate founder and CEO Dr. Han previously called for a shared security alliance after a Binance security incident.

CZ said North Korean hacking activity poses a risk to crypto platforms and traditional finance. He tied the concern to the growing use of tokenized stocks, real-world assets and stablecoins, which he said connect crypto more closely with the global financial system. He described large-scale hacks as a concern for both corporate security and national security.

CZ said he hopes the U.S. government will help and believes the United States and China may be among the few countries able to communicate with North Korea. He also said he has not discussed a roughly $6.3 billion Binance hacking incident with President Trump or Washington officials.