Changpeng Zhao, Binance’s co-founder and former CEO, argues that long periods without a hack can make crypto companies overly complacent. Following the theft of approximately $6.3 billion in digital assets attributed to the North Korean TraderTraitor group, he proposes an industry alliance to share best practices, conduct audits and coordinate emergency responses. The attack reportedly targeted a DevOps engineer through a fake recruitment process that compromised his laptop with the misuse of AI tools. Binance froze or recovered between $2.85 billion and $3 billion of the stolen assets and pledged to compensate victims, while Bitcoin experienced little price movement.
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