News · VnExpress

Binance founder warns 'banks may be easier to hack than crypto exchanges'

Changpeng Zhao (CZ), Binance's founder, says AI could increase cyberattacks in the short term and make banks easier to hack than crypto exchanges. He calls for common security standards, sharing of intrusion experiences and faster freezing of stolen assets; according to The Block, discussions on an industry security alliance have begun but no concrete agreement has been reached. The warning follows the Binance attack on 29/10, which affected about 6.3 billion USD in assets. CoinDesk reported that researchers have found no evidence that AI directly controlled the laundering of the stolen funds. In Vietnam, the State Securities Commission (SSC) asked securities firms and fund management companies to step up information system safety checks and prepare incident response plans.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Nhà sáng lập Binance cảnh báo 'ngân hàng dễ bị hack hơn sàn tiền số'

Read the original on VnExpress ↗

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Binancecybersecuritycryptoartificial intelligence

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MarketCrypto
ExchangeBinance
SectorLayer 1
Market cap$1.6T
Close on 11/03/202677,453.86
Change that session+0.83%
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