CoinEx founder Haipo Yang attributed Binance’s $6.3 billion theft to three “avoidable” mistakes.
According to him, the problem wasn’t insufficiently advanced technology, but a lack of discipline: preventing these mistakes didn’t require more sophisticated tools.
· This is a public assessment of the case by a competitor’s founder; refer to the original report for details of the specific vulnerabilities.
· The $6.3 billion theft was the largest in crypto history, a figure explicitly stated in the report itself.
Do you think exchange security depends more on tools or processes?
According to him, the problem wasn’t insufficiently advanced technology, but a lack of discipline: preventing these mistakes didn’t require more sophisticated tools.
· This is a public assessment of the case by a competitor’s founder; refer to the original report for details of the specific vulnerabilities.
· The $6.3 billion theft was the largest in crypto history, a figure explicitly stated in the report itself.
Do you think exchange security depends more on tools or processes?
