[Binance Co-founder CZ: Massive Hack Exposes Serious Security Failures] According to DeepFlow TechFlow, on November 4th, Binance co-founder CZ stated that a hack of this scale indicates a serious security failure. While no platform can guarantee absolute security, this cannot be an excuse. CZ stated that public disclosure simplifies the attack, which appears to have lasted for months or even years, targeting hundreds of employees and systems, ultimately resulting in the breach of only a few targets. He believes sharing the details will help the entire industry learn from the experience. As a shareholder, he hopes Binance will transparently disclose the issues, take responsibility, listen to criticism, and make substantial improvements.