Binance founder Changpeng Zhao called a $6.3 billion crypto hack a “major disaster for the industry,” adding: “It hurts, but we survive.”
His comments frame the incident as a serious blow to the wider crypto sector, while expressing confidence that the industry can endure it.
Frequently asked questions
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How large was the crypto hack CZ commented on?
The hack was described as a $6.3 billion incident.
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How did CZ characterize the hack's impact?
He called it a “major disaster for the industry.”
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What did CZ say about the industry's ability to recover?
He said, “It hurts, but we survive,” expressing confidence in the industry's resilience.
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Who made the comments about the hack?
The comments came from Binance founder Changpeng Zhao, also known as CZ.
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Did CZ's statement focus only on the damage?
No. He acknowledged the damage while also saying the industry can survive it.
WatcherGuru