# Changpeng Zhao Denies ShinyHunters Stole 335 Million Binance Records

By Simon Yoon

Canonical URL: https://www.tokenpost.com/news/technology/53483
Published: 2026-11-11T02:17:58.000Z
Updated: 2026-11-11T02:17:58.000Z
Section: Technology

> The group’s alleged ransom demand was $900,000. Zhao argued that anyone with private keys would move funds instead of selling data.

Changpeng Zhao denied ShinyHunters’ claim that the hacking group stole 335 million Binance user records, rejecting an allegation that also included a $900,000 ransom demand.

The claim centered on two assertions: that ShinyHunters had obtained records tied to Binance users and that it wanted payment for them. Zhao disputed the account and argued that an attacker with private keys would transfer funds instead of trying to sell data. His response framed the alleged access to user records separately from control of crypto assets.

Zhao also criticized the attention given to the claim. He said he had seen it the day before and thought it was obvious, while accusing media outlets of covering it for headlines.

The allegation and Zhao’s denial leave the key point in dispute: whether ShinyHunters obtained Binance user records. Binance is named as the exchange targeted in the claim. Zhao’s rationale was that a real ability to use private keys would create a path to move funds, not just offer data for sale.