CZ Praises US Authorities for Halting $6B Binance Hack Fallout

The co-founder and former CEO of Binance praised the role U.S. law enforcement agencies played in handling the aftermath of the over $6 billion hack the exchange suffered at the hands of North Korean hackers, crediting them with keeping the market afloat. As Binance continues to recover from the security incident that caused losses of over $6 billion, Binance co-founder Changpeng Zhao, better known as CZ, has highlighted the role of US law enforcement agencies in mitigating the hack’s impact on the wider cryptocurrency market. Zhao, one of the first voices linked to the exchange to acknowledge that the strange movements did “look like a hack on Binance,” praised the agencies’ role in collaborating to contain the scope of the incident.

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