Why Didn't Bitcoin Drop More? Binance's CZ Credits FBI
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Binance founder Changpeng Zhao (CZ) credited the Federal Bureau of Investigation (FBI) and other US law enforcement agencies with helping prevent a larger drop in the Bitcoin (BTC) price after the massive $6.3 billion security breach at the Binance cryptocurrency exchange. Binance founder CZ commended the timely actions of the FBI, US Secret Service (USSS), and Internal Revenue Service (IRS) amid the massive security breach. According to CZ's Nov. 1 post on X, US law enforcement agencies (FBI, USSS, IRS and more) helped "a lot" during the incident. According to the Binance co-founder, they were able to prevent an even sharper fall in the Bitcoin price. "Not enough to express our appreciation in a tweet.
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Also reported by
- Cryptonews.net
