CZ: Most banks don't have $1.4 billion in cash to steal

PANews reported on February 23 that Bitinning founder Kashif Raza posted on the X platform that if a bank was hacked and $1.4 billion was stolen, the subsequent process would be: freeze withdrawals, notify the government, set up an investigation committee, investigate for years, close branches, and lose to competitors. In contrast, the process after the Bybit exchange was hacked was: CEO live broadcast, industry alliance, competitor support, everything returned to normal after 1 hour, and the industry initiated tracking and freezing operations. In response, Binance co-founder CZ said: "Don't worry, most banks don't actually have $1.4 billion in cash to be stolen."

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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