Coinbase CEO offers help after Binance hack; industry should work together to intercept stolen funds
Oct. 30 — In response to yesterday’s security incident at Binance, Coinbase CEO Brian Armstrong responded immediately, demonstrating how quickly leading platforms in the industry can act.
As for the response, Armstrong said the team was working at full capacity to address the situation. Its priorities included intercepting transfers to the compromised wallet. He also proactively contacted Binance to offer support.
In the face of security challenges like this, Armstrong stressed that the entire industry needs to work together. The top priority is to openly share valuable information and do everything possible to protect customer assets, regardless of which trading platform customers use.
He also said the crypto industry has weathered many difficult moments and emerged stronger each time—and this time will be no different. After the post went live, CZ thanked Coinbase for its support in the comments.
Overall, the Binance security incident tested not only the risk-management capabilities of an individual trading platform, but also showcased the crypto industry’s ability to coordinate and respond collectively.
Coinbase proactively offered assistance, Tether and Circle urgently froze the relevant stablecoins, and multiple industry partners coordinated to trace the assets. Together, these efforts built a strong line of defense to protect users’ assets.
#加密行业联动追踪
Oct. 30 — In response to yesterday’s security incident at Binance, Coinbase CEO Brian Armstrong responded immediately, demonstrating how quickly leading platforms in the industry can act.
As for the response, Armstrong said the team was working at full capacity to address the situation. Its priorities included intercepting transfers to the compromised wallet. He also proactively contacted Binance to offer support.
In the face of security challenges like this, Armstrong stressed that the entire industry needs to work together. The top priority is to openly share valuable information and do everything possible to protect customer assets, regardless of which trading platform customers use.
He also said the crypto industry has weathered many difficult moments and emerged stronger each time—and this time will be no different. After the post went live, CZ thanked Coinbase for its support in the comments.
Overall, the Binance security incident tested not only the risk-management capabilities of an individual trading platform, but also showcased the crypto industry’s ability to coordinate and respond collectively.
Coinbase proactively offered assistance, Tether and Circle urgently froze the relevant stablecoins, and multiple industry partners coordinated to trace the assets. Together, these efforts built a strong line of defense to protect users’ assets.
#加密行业联动追踪
