While the Binance hack was met with relative calm in China, the international community was far from composed. Binance's official crisis management was quite effective, but CZ (Sun) wasn't as adept. ✅ Consider how Sun responded to Binance's restrictions on fund transfers with platforms like HTX. Sun directly revealed a scandal involving Jing Tian to divert attention. And what was CZ doing? Besides directly addressing the hack, he commented on Musk's social media, stating, "We have over 1 billion SpaceX shares…", which many international bloggers interpreted as a threat to Musk. In reality, exchange hacks don't just affect individual exchanges; they impact everyone. If Binance hadn't acted promptly and with its strong mitigation capabilities, we might be experiencing a repeat of the Terra crash in May 2022 or the FTX collapse in November 2022.