Binance Founder CZ Urges Wallet 'Quarantine' After $86 Million Ledger Reseller Hack

Binance co-founder Changpeng Zhao (CZ) urged crypto investors to impose a strict "quarantine" period on new hardware wallets. The warning came amid an incident in Southeast Asia in which users lost more than $86 million after a local Ledger distributor was compromised. Events this fall have exposed a new vulnerability in the industry: hackers have shifted their focus from exploiting digital bugs to physically intercepting devices during delivery. Commenting on the risks, Changpeng Zhao recommended against transferring large amounts of assets to new addresses immediately after purchasing a device or downloading software.

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