HawkInsight

  • Contact Us
  • App
  • English

CZ: Most banks don't have $1.4 billion in cash to steal

On February 23, Bitinning founder Kashif Raza issued an article on the X platform saying that if a bank was hacked and stole US$1.4 billion, the follow-up process would be: freezing withdrawals, notifying the government, setting up an investigation committee, and years of investigation., closing branches and losing to competitors. In contrast, the process after the Bybit Exchange was hacked was: CEO live broadcast, industry alliance, competitors provided support, everything returned to normal after 1 hour, and tracking and freezing operations were initiated within the industry. In response, Binance CZ responded: "Don't worry, most banks don't actually have US$1.4 billion in cash to steal."

Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.

NewFlashHawk Insight
More