Binance Hack Exposed Three ‘Entirely Avoidable’ Flaws, Says Coinex Founder
Coinex founder Haipo Yang says the $6.3 billion Binance hack came down to three avoidable errors that needed discipline, not advanced technology, to prevent. Industry Veterans Weigh-In The founder of rival exchange Coinex weighed in on the largest theft in crypto history, stating the Binance breach exposed “at least three critical mistakes that were entirely […]
Key Takeaways
- Coinex founder Haipo Yang says the $6.3 billion Binance hack came down to three avoidable errors that needed discipline, not advanced technology, to prevent.
- Industry Veterans Weigh-In The founder of rival exchange Coinex weighed in on the largest theft in crypto history, stating the Binance breach exposed “at least three critical mistakes that were entirely […]
- Read the full article for additional context and details.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Security
Bitcoin Price Taps $81K After Midterms—But Analysts Warn a Trap Is Set
Bitcoin rebounded from an intraday low of $75,618 to surge past $81,000 for the first time since Oct. 29, climbing nearly 4% on the day to bring its market cap near $1.62 trillion. Volatile Surge Following Election Night Bitcoin experienced extreme volatility…
Coinbase says 99% of customer assets sit in cold storage after Binance’s $6.3 billion breach
Coinbase says 99% of customer assets are in cold storage and it wasn't affected by the $6.3 billion Binance hack.
After the Binance Hack, Coinbase Reveals How It Protects $377 Billion in Crypto
Coinbase details how it protects $377 billion in customer crypto after the $6.3 billion Binance hack. See what it misses. The post After the Binance Hack, Coinbase Reveals How It Protects $377 Billion in Crypto appeared first on BeInCrypto.