[CZ: Bull Market Expected to Drive More Fund Inflows; Retail Investors Advised to Actively Learn Asset Security] BlockBeats reports that on November 3rd, Binance founder CZ stated in an interview, "Typically, after an attack, some users will indeed choose to withdraw their funds. Some large institutions, due to internal policy requirements, must withdraw funds, and some retail investors will follow suit. However, after withdrawing, users face another problem: where is it safest to store their money? I myself did not suffer any financial loss on Binance because Binance covered the losses caused by this incident. This incident is indeed frightening, but the question is, where can I transfer my funds? Recently, multiple hardware wallets have also been attacked, one being a supply chain attack, and another involving an attack on the mnemonic phrase generation process. This means that even if a user makes no operational mistakes, strictly follows all security guidelines, purchases a hardware wallet themselves, and generates a mnemonic phrase, they could still lose all their funds five years later without any fault on their part, and no institution will bear the loss." The first wave of impact has already occurred, and Binance... It also suffered an attack and was subsequently repaired. Next, a second wave of attacks may affect smaller platforms, which are not necessarily more secure. Therefore, some users may initially choose to withdraw their funds, but may later find themselves needing to re-manage their mnemonic phrases and safeguard their assets themselves. In fact, less than 10% of the funds flowed to other centralized exchanges, meaning that most funds were likely transferred to users' own self-custodial wallets. However, using self-custodial wallets is not without risk. Users must properly back up their mnemonic phrases and ensure they are not lost or damaged. In fact, most losses suffered by users when safeguarding their assets themselves are not even caused by hacking. Therefore, after weighing the options, users may reconsider depositing their funds back into the exchange. In fact, less than 24... Within hours, we've already seen changes in fund flows. I just saw a tweet showing that the platform's hourly fund flows have turned net inflows, which actually reflects the platform's strength and user trust. I believe fund flows will continue to fluctuate in the coming weeks and months. As we've said before, if the market re-enters a bull market, we'll see even more fund inflows. I think there are many aspects to pay attention to. First, technology is developing very rapidly, especially AI, whose growth rate is astonishing, with exponential growth trends even exceeding people's comprehension. Second, I think the entire crypto industry is still underinvesting in security. Frankly, many AI security tools haven't truly been applied in the industry yet. Therefore, I encourage all practitioners to increase investment in these areas, including increasing the number of security engineers, introducing more AI tools, and working closely with AI security service providers. I think these are crucial. For ordinary users, or retail investors, I suggest proactively learning about different security tools, how to protect your assets, and closely following industry trends and related news. This is especially important at this stage. ”[Original Link]