Changpeng Zhao, the founder of Binance, has publicly criticized Safe's forensic report on the recent Bybit hack, which resulted in an exploit valued at $1.4 billion. Zhao described the report as 'not that great' and expressed concerns over its vague language, stating that it raises more questions than it answers regarding how the hackers managed to compromise multiple signers and gain access to developer machines. He emphasized the need for clarity on the security failures, especially regarding Ledger verification processes. Zhao's comments come amid a series of social engineering attacks targeting cryptocurrency exchanges, including Coinbase, prompting warnings for users to enhance their security measures, such as enabling two-factor authentication (2FA) and avoiding suspicious communications.
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JUST IN: CZ calls out Safe's Bybit hack report! Claims it leaves more questions than answers. What really happened? Find out⬇️ https://t.co/IHIxSi7gh7
.@binance founder @cz_binance criticized Safe for using vague language to cover up the problem, and there are still a lot of questions that have not been answered, such as how hackers hacked into this particular machine and how developer machines accessed accounts operated by… https://t.co/PbfqZ7Q1S3