Data Breaches at Exchanges: CZ's Security Advice

Binance CEO Changpeng Zhao revealed four recent data breaches affecting Coinbase, Bithumb, Mirae Asset, and Daishin Securities. While it is impossible to completely eliminate the risk of hacking, you can significantly reduce the likelihood of asset compromise.

To protect accounts, use separate email addresses and unique passwords for each exchange. It is recommended to enable two-factor authentication via apps or hardware keys, avoiding SMS as a login verification method whenever possible.

It is important to add verified withdrawal addresses to your whitelist. Be cautious with messages about account security issues: even if the sender knows your personal details or transaction specifics, this does not prove their authenticity.

• Use different emails and complex passwords for each service
• Activate 2FA via app or hardware key
• Ditch SMS verification in favor of more secure methods
• Set up a whitelist for fund withdrawals
• Do not trust unverified messages about hacks, even with personal data