Some Parts of Binance Attack Could Have Been Prevented: What Mistakes Did CZ Describe?

Binance co-founder CZ said some parts of the attack could have been prevented and that some employees failed to follow basic security rules.

Binance co-founder Changpeng Zhao (CZ) shared his thoughts on the recent attack in a November 5 interview with Oxford Union, as reported by Wu Blockchain.

Binance attack was planned for five to six months

CZ said the attackers spent five to six months preparing. During that time, they repeatedly tried to infiltrate Binance through fake job interviews and social engineering, and also used artificial intelligence to study its systems.

CZ said that attackers only need to find a single security vulnerability, while the defense must identify and fix all vulnerabilities.

Not investment advice.