We all know that Binance recently suffered an exploit, with strong indications that the perpetrators are the same group that previously attacked Bybit and Bitget: the Lazarus Group.
Does this incident mean that cryptocurrency exchanges are no longer safe?
The answer is, of course, no. On the contrary, this situation is clear evidence that high-quality, trustworthy exchanges are those that can take full responsibility, communicate transparently with the public, and continue to demonstrate resilience and growth amid the challenges they face.
That said, we also need to offer constructive criticism of security practices that still allow exploits to happen repeatedly.
#SAFU
dark fact
Does this incident mean that cryptocurrency exchanges are no longer safe?
The answer is, of course, no. On the contrary, this situation is clear evidence that high-quality, trustworthy exchanges are those that can take full responsibility, communicate transparently with the public, and continue to demonstrate resilience and growth amid the challenges they face.
That said, we also need to offer constructive criticism of security practices that still allow exploits to happen repeatedly.
#SAFU
dark fact
