- Binance CEO Changpeng Zhao said that DeFi wallets have their own set of risks.
- Zhao added that black hat hackers can be converted to white hat hackers for Crypto securities by offering “big bounties.”
- Kevin Como wrote that a new security strategy is created to upgrade the technical solution.
Yesterday, the CEO of Binance, Changpeng Zhao, announced on Twitter that his team is monitoring the Bitkeep hack funds that may have shifted to Binance.
Zhao further informed users about Decentralized Finance(DeFi) and Centralized Finance(CeFi) by adding:
“Different from CeFi, but DeFi (hold your own key) wallets have their own set of risks. Not risk free. Just different. Learn about security and risk management.”
When a Twitter user asked if there was any way to convert these black hat hackers to white hat hackers for crypto securities, Zhao responded by saying “big bounties”.
Recently, the multichain crypto wallet, BitKeep, suffered a hack wherein attackers stole $8 million worth of assets after users downloaded a hacked 7.2.9 APK version. Assets stolen included 4373 $BNB, 5.4M $USDT, 196k $DAI, and 1233.21 $ETH.
According to Bitkeep, over 200 addresses on the other 3 chains were us …
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