Zhao Changpeng responds to security concerns regarding Binance's address holding over 200,000 BTC: Addresses starting with 3 are most likely multi-signature
A certain crypto KOL posted on platform X that the address ranked first on the btc-42">Bitcoin billionaire list is a Binance-related address, which is a wallet address starting with "3" and holds over 200,000 BTC. He questioned the security of Binance storing such a large amount of Bitcoin in a single address and expressed concerns about the risk of private key collision cracking. In response, CZ stated, "The one starting with 3 should be a multi-signature, right? You would need to collide more than 3 private keys? Trust the math."
Analysis suggests that this address is highly likely using a multi-signature mechanism. Even if there is a theoretical possibility of private key collision, the actual difficulty of cracking it is extremely high.
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