People's Bank of China Launches Probe into Solana's Shanghai Operations
China's central bank is investigating Solana's recent activities in Shanghai, citing illegal crypto services after a halted event in October.
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China's central bank is investigating Solana's recent activities in Shanghai, citing illegal crypto services after a halted event in October.
Rahul VermaCZ warned that using social‑login wallets can expose funds and urged users to research self‑custody security.
Binance CEO Changpeng Zhao and security firm CertiK urge iPhone owners to install the latest iOS updates as the DarkSword exploit can steal wallet data without any user interaction.
Binance co‑founder Changpeng Zhao alerted users to a phishing website mimicking Trust Wallet that can read balances and ready transactions for multiple wallets.
CZ said Binance saw a $2.8 billion net inflow in the last 24 hours, according to public data.
CZ wrote that the recent hack shows serious security failures and called for Binance to share details and improve.
CZ noted that Binance’s hourly deposits are outpacing withdrawals, with most funds moving to self‑custody wallets rather than other exchanges.
CZ wrote that more countries will see issuing a local stablecoin increase demand for their currency and government bonds.
Changpeng Zhao stated that Binance did not borrow, sell assets, or raise funds for recent costs, covering them entirely from its balance sheet.
CZ said a 2.1% net outflow after withdrawals resumed, but 98% of users stayed, emphasizing that trust is earned in tough periods.
CZ noted that a $6.3 billion hack is the largest in dollar value but pales beside Mt.Gox’s 650,000 BTC loss, stressing market impact and user protection.
CZ said user funds are safe and expects full coverage despite a hack affecting Binance, Tether and Circle assets.
Following the largest crypto theft on record, Binance co‑founder Changpeng Zhao publicly urged Elon Musk to cease mocking the exchange, highlighting Binance’s $1 billion‑plus SpaceX share holding.