We don’t mess with CZ – In early October, the largest crypto exchange in the world (in terms of daily volume) suffered a computer attack on one of its bridges. With the key, a resounding loot: we are talking here about more than 500 million dollars subtilized. Not one to let it go, Binance CEO Changpeng Zhao stepped up to find the funds and secure them. Thanks to cooperation with the authorities, the exchange would be on the verge of identifying the hacker.
Attacking Binance should never have been
« Dethroning CZ will remain unheard of “. Besides the artistic nod, Changpeng Zhao is a prominent figure in the global crypto scene. Some assume that it is the richest man in the world. The platform he co-founded is at the forefront of the industry and an attack of such magnitude fatally strikes a blow to his mark. This is why very quickly after the fact, he first tried to communicate and then do what was necessary against the attacker.
“We are always in the process of [le] continue… to help [les autorités] chasing down bad actors, working with law enforcement around the world. Working with law enforcement is one of the ways we can try to make the space safe. In fact […]law enforcement has given us some leads on the potential identity [du pirate]. We’re starting to get closer to it.”
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The attacker had succeeded in extracting 2 million BNB tokensfor a sum of around 570 million dollars at the time. The quick reaction as well as the architecture of the BNB chain have made it possible to limit the size of the loot actually recovered by the hacker.
According to the Binance boss “ the vast majority of funds remain under control. Blockhain was able to freeze 80% to 90% of it “. For the rest, about 100 million dollars are still in the wild and the platform will probably have to resign itself to seeing them disappear, despite all the efforts and the hard fork operated on the BNB after the incident.
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