After $6.3 billion was stolen by Kim Jong Un, CZ spoke publicly for the first time about crypto exchange hacks.
He said it was a wake-up call, but banks are actually less secure. Hackers target crypto first because it offers the highest returns and greatest liquidity. As AI-powered attacks grow more capable, the entire financial system is exposed to the same risk.
Others see it differently: assets can be transferred across borders quickly, transactions are usually irreversible, and they don’t need to go through multiple layers of bank approval. These are the reasons hackers prefer crypto. On the other hand, stablecoin freezing mechanisms and the public traceability of on-chain transactions also make money laundering harder.
The traceability of on-chain transactions was brought up again for discussion by the holder of $BTC .
He said it was a wake-up call, but banks are actually less secure. Hackers target crypto first because it offers the highest returns and greatest liquidity. As AI-powered attacks grow more capable, the entire financial system is exposed to the same risk.
Others see it differently: assets can be transferred across borders quickly, transactions are usually irreversible, and they don’t need to go through multiple layers of bank approval. These are the reasons hackers prefer crypto. On the other hand, stablecoin freezing mechanisms and the public traceability of on-chain transactions also make money laundering harder.
The traceability of on-chain transactions was brought up again for discussion by the holder of $BTC .