Changpeng Zhao, the founder of Binance, stated on October 23, 2026, that concerns regarding AI-driven decryption of crypto systems are exaggerated. He emphasized that the primary risks to users involve social engineering, phishing, and the exploitation of leaked personal data rather than the direct breaking of cryptographic standards.
Zhao noted that traditional banking and internet infrastructure often utilize weaker encryption than crypto protocols. He suggested that if AI code-breaking capabilities advance, legacy systems would likely be targeted first due to their older security protections.
On October 22, 2026, Zhao highlighted two PHP vulnerabilities, identified as CVE-2026-109618 and CVE-2026-109619. These flaws, associated with the PHP2Shell exploit, could enable remote code execution on unpatched servers, posing a significant risk to web infrastructure.
For crypto users, the Binance founder recommends increased caution regarding urgent messages and verification of links before connecting wallets. For developers and exchanges, the warning serves as a reminder that even protocols with secure smart contracts remain vulnerable through neglected server infrastructure.
