In its view, Binance could have significantly reduced these attack vectors by rigorously isolating environments, minimizing privileges, and conducting independent verification. YZ-Shadow CEO Star, meanwhile, questioned whether the platform’s «defense in depth» was more than just a slogan, arguing that it downplayed the platform’s responsibility and tried to excuse its own failings by disparaging the security of traditional banks. Star said Binance repeatedly emphasized that «only 2% of funds flowed out», but that figure did not address concerns about the platform’s security. Star also questioned Binance’s decision to continue using marketing campaigns to attract new deposits during the crisis, and pointed out that crypto platforms and traditional banks face different threats, attack surfaces, and potential consequences, making security comparisons between them misleading without that context.

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