Security update from Binance CEO, following $40 million exchange hack42

Changpeng Zhao (“CZ”), the CEO of Binance, the world’s largest crypto exchange in terms of adjusted trading volume, has published a blog post in which he apologized for previously suggesting a chain reorg of the Bitcoin (BTC) blockchain.

Following a large-scale security breach of Binance on May 7th, 2019, which resulted in a loss of over $40 million in Bitcoin, CZ acknowledged that the “situation is tough” for the crypto community. He also noted that Binance’s management strives to “maintain the highest degree of transparency.”

Original source
https://cryptoslate.com/security-update-from-binance-ceo-following-40-million-exchange-hack/

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