[Binance Chief Security Officer: Establishing a Security Research Fund to Focus on Security Threats Related to Blockchain and AI] Binance Chief Security Officer Jimmy Su stated during a fireside chat at Binance X Space that Binance is hiring external security experts to conduct a comprehensive and independent review of the October 29th security incident, verifying internal investigation conclusions and proposing improvement suggestions. Binance is also establishing a security research fund with leading AI and security companies to focus on security threats related to blockchain and AI. He stated that internal AI tools and development environments will be managed according to critical infrastructure standards in the future. The transaction authorization exploited by the attackers existed on-chain and bypassed Binance's withdrawal system, so suspending withdrawals could not stop the outflow of funds; a separate on-chain transaction was required to revoke the authorization. Binance's hot wallet uses multi-party computation (MPC) technology, meaning no single private key can immediately revoke authorization; the team had to develop a temporary revocation process, which is why it took several hours to bring the situation under control.