Changpeng Zhao: Large-Scale Hacking Exposes Serious Security Flaws; Publicizing Details Helps the Industry Learn Lessons Following Binance's release of its preliminary investigation report on the $6.3 billion theft, Binance founder Changpeng Zhao (CZ) stated that an attack of this scale indicates serious security flaws. "No platform is invincible, but that cannot be an excuse." He pointed out that the public statement simplified the attack process; in reality, it was an attack that lasted for months, even years, targeting hundreds of employees and systems, ultimately breaching only a few key points. While some details are embarrassing, their public disclosure will help the entire industry learn lessons. Zhao stated that, as a shareholder, he hopes Binance will truthfully disclose the problems, take responsibility, accept criticism, and make tangible improvements.