🚨 CZ speaks out for the first time about Binance’s $6.3 billion hack: There’s no such thing as absolute security—the truly frightening thing is letting your guard down!
Binance founder CZ has finally responded publicly to the roughly $6.3 billion hack.
One thing he said should serve as a wake-up call for the entire crypto industry:
“All hacks are preventable.”
CZ admitted that when a company goes a long time without a security incident, it can become complacent. This incident came at a heavy cost to Binance and exposed security weaknesses across the industry.
Three signs are especially worth noting:
1️⃣ AI is changing the way hackers attack
In the past, an exchange might be hacked once a month. Now, it happens almost every week. CZ even revealed that four attacks took place the day before his interview.
AI is dramatically increasing attackers’ efficiency and speed.
2️⃣ CZ calls for an industry security alliance
Rather than having every exchange fight on its own, he wants to promote:
Sharing intelligence on cyberattacks
Cross-exchange security audits
Coordinated tracking and freezing of stolen funds
An industry-wide security defense system
3️⃣ Binance has stood the test of user confidence
CZ revealed that less than 10% of the stolen funds went to other exchanges. After comparing their options, many users deposited their funds back into Binance.
In less than 24 hours, Binance had returned to net inflows on an hourly basis.
This shows that what really matters to the market is not just whether a security incident occurs, but how the platform responds to the crisis.
In the future, the crypto industry’s greatest competitive advantage may not be trading volume, fees, or ecosystem size, but security capabilities.
#币安10·30安全事件调查报告
$BTC
$ETH
$BNB
Binance founder CZ has finally responded publicly to the roughly $6.3 billion hack.
One thing he said should serve as a wake-up call for the entire crypto industry:
“All hacks are preventable.”
CZ admitted that when a company goes a long time without a security incident, it can become complacent. This incident came at a heavy cost to Binance and exposed security weaknesses across the industry.
Three signs are especially worth noting:
1️⃣ AI is changing the way hackers attack
In the past, an exchange might be hacked once a month. Now, it happens almost every week. CZ even revealed that four attacks took place the day before his interview.
AI is dramatically increasing attackers’ efficiency and speed.
2️⃣ CZ calls for an industry security alliance
Rather than having every exchange fight on its own, he wants to promote:
Sharing intelligence on cyberattacks
Cross-exchange security audits
Coordinated tracking and freezing of stolen funds
An industry-wide security defense system
3️⃣ Binance has stood the test of user confidence
CZ revealed that less than 10% of the stolen funds went to other exchanges. After comparing their options, many users deposited their funds back into Binance.
In less than 24 hours, Binance had returned to net inflows on an hourly basis.
This shows that what really matters to the market is not just whether a security incident occurs, but how the platform responds to the crisis.
In the future, the crypto industry’s greatest competitive advantage may not be trading volume, fees, or ecosystem size, but security capabilities.
#币安10·30安全事件调查报告
$BTC
$ETH
$BNB
