#CZ #Binance
In May 2019, Binance was hacked, and 40 million dollars were stolen. The hacker spent months collecting phishing data, malware, and API keys, and moved the entire amount in just one transaction.
CZ immediately made a public announcement and explained everything without hiding anything.
Then he made a shocking proposal. It was to reorganize the Bitcoin blockchain and roll back the stolen transactions.
Developers and miners were furious. Immutability is absolute. If history is rewritten, everything breaks.
CZ listened to the opinions and completely retracted that idea within a few hours.
After that, he took actions to rebuild trust. Binance compensated all victims in full from its own SAFU fund, rather than customer assets.
Not a single person lost even a dollar.
The hacker gained nothing, and CZ obtained something harder to achieve than money. That is "respect".
$BTC
$ETH
$XRP
In May 2019, Binance was hacked, and 40 million dollars were stolen. The hacker spent months collecting phishing data, malware, and API keys, and moved the entire amount in just one transaction.
CZ immediately made a public announcement and explained everything without hiding anything.
Then he made a shocking proposal. It was to reorganize the Bitcoin blockchain and roll back the stolen transactions.
Developers and miners were furious. Immutability is absolute. If history is rewritten, everything breaks.
CZ listened to the opinions and completely retracted that idea within a few hours.
After that, he took actions to rebuild trust. Binance compensated all victims in full from its own SAFU fund, rather than customer assets.
Not a single person lost even a dollar.
The hacker gained nothing, and CZ obtained something harder to achieve than money. That is "respect".
$BTC
$ETH
$XRP