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Controversy Erupts as CZ Criticizes Safe Over Security Lapses

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by Giorgi Kostiuk

4 hours ago


Binance founder Changpeng Zhao (CZ) expressed dissatisfaction with Safe's handling of a recent hacking incident.

CZ's Criticism of Safe

CZ noted that Safe failed to provide a detailed explanation of the recent incident, raising concerns within the crypto community.

Binance founder CZ criticized Safe for using vague language to cover up the problem.Wu Blockchain

Unanswered Questions About Hacking Access

There are many unanswered questions, especially concerning how hackers infiltrated the vulnerable machine and how developer machines had access to Bybit-operated accounts.

Binance's Statement on Not Using Safe

CZ clarified that Binance does not use Safe for asset storage, aiming to reassure users about the safety of their funds.

The incident highlights the importance of robust security measures and transparency in the crypto industry to maintain user trust.

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