Binance CEO Says They’re Closer to Identifying Hacker Behind $570,000,000 Exploit
Source: AdobeStock / burdun Major cryptoasset exchange Binance is closer to finding out the identity of the person(s) behind the $570 million hack on its native BNB blockchain , CEO Changpeng Zhao (CZ) told CNBC. CZ said that Binance is working with law enforcement to identify the perpetrator(s), stating that, “The law enforcement gave us some tips on who they think it might be, […] so we’re actually narrowing down [the hacker].” Zhao listed three elements that, combined, make the space safer. The CEO stated that, “We’re still actually chasing-- helping [authorities] to chase the bad players, working with law enforcement around the globe. Working with law enforcement is one of the ways that we can try to make the space safe.” CZ further said that the exchange is working with security companies and investing in them to do code audits. Lastly, said he, there needs to be education for users about potential risks in the indus...