In the latest news, on November 3, Binance founder CZ said in an interview, “Typically, after an attack, some users do choose to withdraw their funds. Some large institutions are required to withdraw funds by their internal policies, and some retail investors follow suit. But after withdrawing, users face another question: where is it safer to keep their money? I personally haven’t lost any funds on Binance, because Binance covered the losses caused by this incident. This incident was indeed frightening, but the question is: where else could I move my funds? Recently, several hardware wallets have also been attacked. One of the incidents involved a supply chain attack, while another targeted the mnemonic phrase generation process.

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