Binance founder Changpeng Zhao had warned a week earlier that "No crypto wallet is 100% safe." In just 20 minutes, hackers made off with at least $6.3 billion, marking a record-breaking cyber heist. The breach has intensified scrutiny on wallet security and exchange protocols. Zhao's prior warning now feels prophetic as the industry grapples with the scale of the theft.
The incident underscores the persistent vulnerabilities in the digital asset ecosystem despite repeated security advisories.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing