Last night, Binance’s top female executive made a rare video appearance.
She explained what led to the recent theft at Binance and how it would be handled.
She thanked industry peers for their help and users for their understanding;
She explained what happened and how, and responded to questions and doubts;
As for the next steps, she expressed determination to pursue the hackers, promised investment in security and risk controls, and called on the industry to work together to raise security awareness.
I think that’s enough. After all, that’s how the crypto industry works: it keeps stumbling, then rising in a spiral.
Acknowledge the problem, face it, and solve it.
Time will tell.
She explained what led to the recent theft at Binance and how it would be handled.
She thanked industry peers for their help and users for their understanding;
She explained what happened and how, and responded to questions and doubts;
As for the next steps, she expressed determination to pursue the hackers, promised investment in security and risk controls, and called on the industry to work together to raise security awareness.
I think that’s enough. After all, that’s how the crypto industry works: it keeps stumbling, then rising in a spiral.
Acknowledge the problem, face it, and solve it.
Time will tell.