CZ urges industry safeguards on December 24, 2025 after $50M address poisoning loss

On December 24, 2025, Binance founder Changpeng Zhao called for industry-wide measures to eradicate address poisoning after a trader's nearly $50 million USDT loss on December 19. He said Binance Wallet already uses automated checks to warn against flagged recipients and urged other platforms to deploy similar protections. The attacker later converted the funds and funneled them through Tornado Cash.