- Binance’s founder warns that trusted open-source Web2 apps now face sophisticated hacker attacks.
- Zhao proposes blockchain and smart contracts as a long-term solution for these security weaknesses.
Changpeng Zhao has stated that Web2 applications contain security problems. He reported that open-source software, which many people trust, is now a target for complex attacks. Zhao said that technologies associated with Web3 could help solve these security flaws.
RIP to a fellow cryptonian. 🙏
I hope he has setup a mechanisms for his loved ones to access his crypto.
Binance has released a related feature recently. I tried it. Direct feedback (as a user), it (the UX) sucks. Needs improving.
— CZ 🔶 BNB (@cz_binance) September 8, 2025
He specifically pointed out that systems built on blockchain technology may offer better protection for digital assets. His view is that decentralized applications and automated contracts could close off common methods used for attacks. Zhao acknowledged that Web3 is still being developed but described it as a viable answer for security in the future.
A new feature for handling account inheritance is now being tested by Binance. This tool is designed to let a user’s family gain access to their cryptocurrency funds if the user dies. Zhao confirmed the tool works from a technical standpoint but also said it needs more work before it is ready.
This announcement started conversations among people who work with cryptocurrency online. Some individuals who commented online agreed with Zhao’s position on the weaknesses in Web2 systems. Other people stated that security problems are often a result of poor management, not the open-source model itself.
This together with web3 security on the Github repository so multisign confirmation is required to commit code to the open source codebases.
— MartyParty (@martypartymusic) September 8, 2025
Recent attacks on widely used open-source code repositories show that security gaps are real. These events provide support for the concerns Zhao expressed. Simply making code visible to everyone does not ensure its safety if there are no strong methods for checking it and controlling who can change it.
BNB (Binance Coin) is priced at $877.36, reflecting a 0.21% decline over the past 24 hours. The weekly trend remains positive, with a 4.18% increase over the last 7 days. BNB currently ranks as the fifth-largest cryptocurrency, with a market capitalization of approximately $122.13 billion and a 24-hour trading volume of just under $1 billion. The token’s current price range sits between $872.66 and $884.29, reflecting tight consolidation under recent highs.
BNB is trading about 2.37% below its all-time high of $899.77, signaling that the asset is approaching resistance levels that have triggered profit-taking in previous cycles. The rising futures open interest—now at $1.49 billion—indicates a growing appetite for derivatives exposure, particularly as traders position around the $895 resistance zone. If broken, this level could open the path toward a retest of historical peaks.
In terms of ecosystem activity, MYX Finance was recently awarded the title of “Volume Powerhouse” during the BNB Chain Awards, citing sharp increases in daily perpetuals trading volume, which now averages between $200 million and $300 million. This reinforces BNB’s continuing role as a core asset in decentralized financial products built on its own chain.
Technical indicators suggest that BNB may be entering a period of accumulation beneath key resistance. A break above $884 could trigger upside momentum toward the $900–$910 band. However, failure to hold above $870 may push the price back toward the lower support area near $855.
