CZ Says Binance Hack Exposed 'Serious Security Failures'
Binance co-founder (
@cz_binance) says the exchange cannot use the fact that no platform is unhackable to excuse its security failures.
The October 29 attack was not a simple breach. It reportedly followed a prolonged campaign targeting hundreds of employees and systems.
"Every incident exposes weaknesses that should have been prevented," CZ noted. "Some details are embarrassing."
As a shareholder, CZ expects the exchange to explain what happened and take responsibility.