PANews|Nov 04, 2026 05:27
[Changpeng Zhao: Large-Scale Hacking Exposes Serious Security Flaws; Publicizing Details Helps the Industry Learn] Binance founder Changpeng Zhao stated in a post on the X platform that such a large-scale intrusion indicates serious security flaws. No platform is immune to hacking, but this cannot be an excuse; every incident exposes weaknesses that should have been prevented. He noted that some details are embarrassing, and publicly explaining them simplifies the long-term attack targeting hundreds of employees and systems, which lasted for months and even years, ultimately only a few were breached. Sharing these details, while uncomfortable, will help the entire industry learn. As a shareholder, he expects Binance to be transparent about the issues, take responsibility, learn from criticism, and make meaningful improvements.
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