Changpeng Zhao: Binance must be transparent after massive hack
CZ wrote that the recent hack shows serious security failures and called for Binance to share details and improve.
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CZ wrote that the recent hack shows serious security failures and called for Binance to share details and improve.
CZ noted that a $6.3 billion hack is the largest in dollar value but pales beside Mt.Gox’s 650,000 BTC loss, stressing market impact and user protection.
Bitcoin remained resilient near $77,000 following the largest crypto hack in history, as the Binance breach resulted in a $6 billion loss.
CZ said user funds are safe and expects full coverage despite a hack affecting Binance, Tether and Circle assets.
Paolo Ardoino said Tether froze more than 1.567 billion USDT linked to a possible Binance hack.