CZ says rival exchanges helped Binance through its breach

Coinbase, Bybit, OKX, Tether and Circle all played a role after Binance reported roughly $6.3 billion in unauthorized withdrawals Crypto exchanges spend most of their time trying to steal each other’s customers. Lately, at least according to Changpeng “CZ” Zhao, they have been doing something less familiar: helping each other. The Binance co-founder said competing exchanges stepped in to support one another despite years of rivalry. The comments follow a major security breach at Binance, where the exchange reported unauthorized withdrawals of approximately $6.3 billion on October 29–30, 2026. Who showed up, and what they did The most visible assist came from Coinbase. CEO Brian Armstrong publicly offered help within hours of the incident. Coinbase also began blocking transactions headed to compromised addresses. Put simply, if stolen funds tried to pass through Coinbase, they were supposed to hit a wall. Bybit’s Ben Zhou and OKX’s Star Xu also weighed in. Both stressed that the industry needs to act collectively on security standards. The stablecoin issuers moved too. Tether froze approximately $971 million in assets tied to the hack, while Circle froze around $823 million. Togethe...