CZ: Most banks don't have 1.40 billion dollars in cash to steal
2025-02-23 10:59:16
On February 23rd, Bitinning founder Kashif Raza wrote on the X platform that if a bank is hacked and stole $1.40 billion, the follow-up process will be: freeze withdrawals, notify the government, establish an investigative committee, investigate for many years, close branches, and lose to competitors. In contrast, the process after the Bybit exchange was hacked is: CEO live broadcast, industry alliance, competitors provide support, everything returns to normal after 1 hour, and the industry starts tracking and freezing operations. In response, Binance Lianchuang CZ responded: "Don't worry, most banks don't actually have 1.40 billion dollars of cash to be stolen."
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