[CZ Responds to Security Concerns Over Binance's Address Holding Over 200,000 BTC: 'Addresses Starting with 3 Are Likely Multi-Sig'] According to a report by Jinse Finance, on May 3, a certain crypto KOL posted on the X platform claiming that the top address on the Bitcoin rich list, which is associated with Binance, is a wallet address starting with '3' and holds over 200,000 BTC. The KOL questioned the security of Binance concentrating such a large amount of Bitcoin in a single address, expressing concerns about the risk of private key collision and cracking. In response, CZ stated: 'Addresses starting with 3 should be multi-sig, right? You’d need to crack more than 3 private keys? Trust the math.' Analysts believe that the address is highly likely to use a multi-signature mechanism. Even though there is a theoretical possibility of private key collision, the actual difficulty of cracking it is extremely high.