Binance Co-Founder CZ: Large-Scale Theft Exposes Serious Security Failure

According to a report by TechFlow on November 4, Binance co-founder CZ said in a post that a cyberattack of this scale indicates a serious security failure. No platform can guarantee absolute security, but that cannot be an excuse.

CZ said the public explanation simplified an attack that appeared to have lasted months or years, targeting hundreds of employees and systems, with a small number of targets ultimately compromised. He believes sharing details will help the entire industry learn from the incident. As a shareholder, he hopes Binance will transparently disclose the issue, take responsibility, listen to criticism, and make substantive improvements.

Source: TechFlow