Binance Founder Changpeng ‘CZ’ Zhao Confirms Giggle Academy X Account Hack

Binance founder Changpeng ‘CZ’ Zhao new venture's X account hacked, with fake CEO claims and malicious links shared. Team works on recovery.
By Coingapestaff
Binance Founder Changpeng ‘CZ’ Zhao Confirms Giggle Academy X Account Hack

Highlights

  • Giggle Academy social media X account hacked.
  • Hackers changed the CEO's name and posted phishing links.
  • Account remains compromised and users are urged not to click on any links.

Giggle Academy, an educational startup launched by Binance founder Changpeng ‘CZ’ Zhao, faced a hack on its X account. CZ alerted followers to beware of false information on the account. The hacker phishing links further heightened security concerns among the platform users.

The account remains compromised, and both CZ and the team are working on restoring it. Users are advised to be cautious of any messages from the hacked account.

Advertisement
Advertisement

Binance Founder Giggle Academy X Account Hacked

According to a November 16 post by Changpeng ‘CZ’ Zhao, Giggle Academy’s official X account fell victim to hackers who quickly spread misleading information. In particular, the hacker announced a “new CEO” for Giggle Academy, encouraging followers to click on phishing links to supposedly confirm the news.

As of now, the account remains compromised, with CZ and the Binance team actively working on its recovery. Followers are urged to avoid interacting with any suspicious posts or links shared on the account until it is secured.

Giggle Academy, launched by CZ, is an educational initiative dedicated to providing free schooling for grades 1-12. The project aims to make learning accessible and engaging through gamification, with a strong focus on low-literacy countries by CZ. By offering a unique, revenue-free model, Giggle Academy seeks to transform educational access globally.

Advertisement
Advertisement

Changpeng Zhao’s Journey from Binance to Education Innovation

Changpeng Zhao, known as CZ, is the founder of Binance, the world’s largest cryptocurrency exchange. After facing legal challenges, he stepped down as Binance CEO to focus on new ventures.

Giggle Academy aims to revolutionize education by integrating AI and blockchain technology. The initiative seeks to provide accessible, gamified learning to students, especially in underserved regions, using innovative tools to make education more engaging and effective.

With Giggle Academy, CZ envisions a global shift in education, empowering students from low-literacy areas. By harnessing AI and blockchain, he aims to create a system that delivers personalized, transparent, and accessible learning experiences to children around the world.

Advertisement
Coingapestaff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.