Crypto Firms Weigh Joint Security Alliance as CZ Taps Washington on North Korea

Crypto companies are hashing out the idea of a shared security alliance — one that would let them trade security know-how and move quicker to freeze stolen funds. The plan is still just talk, per tokenpost.com, with no members signed up and no timeline attached. It lands as Binance founder Changpeng Zhao makes a public push for U.S. government help against North Korean hacking activity.

The blueprint on the table has three moving parts: exchanging security experience, vetting participating organizations through cross-audits, and coordinating faster freezes when funds get swiped. Gate founder and CEO Dr. Han raised the call for a shared alliance earlier, after a security incident at Binance. Cross-audits would mean members get looked over by each other, not just by themselves.

Zhao frames North Korean hacking as a problem that spills past crypto. He said the activity threatens both crypto platforms and traditional finance, and he tied it to the boom in tokenized stocks, real-world assets and stablecoins — products he says stitch crypto tighter into the global financial system. Large-scale hacks, in his telling, are a corporate security issue and a national security issue at once.

He also wants Washington in the room. Zhao said he hopes the U.S. government will help, and he believes the United States and China may be among the few countries that can actually communicate with North Korea. Separately, he said he has not discussed a Binance hacking incident worth roughly $6.3 billion with President Trump or officials in Washington.

For now, the alliance exists only as an idea floated among firms. If it comes together, the pitch is simple: faster freezes and shared warnings could blunt the damage when attackers hit. Whether that turns into a signed pact — or stays a talking point — is the open question.