Binance Founder 赵长鹏 Says Hack Revealed Preventable Security Gaps

Binance founder 赵长鹏 said a major hack at the exchange revealed security gaps that could have been addressed, arguing that public discussion of the failures could help other crypto firms improve their defenses.

In a Nov. 4 post on X, 赵 said the possibility of attacks does not absolve a platform of preventable weaknesses. He described a prolonged effort targeting hundreds of employees and systems that continued for months or possibly years.

Only a small number were ultimately compromised, 赵 said. He acknowledged that some details were embarrassing to share but said explaining them could give the industry lessons from the incident.

赵 also said he expects Binance to be open about its problems, accept responsibility, learn from criticism and make meaningful improvements.