CZ Says Binance’s $6.3B Hack Differs From Mt. Gox and FTX Disasters

Why Didn’t Bitcoin Crash Harder After the Binance Hack? CZ Weighs In

CZ believes the headline $6.3 billion figure does not tell the full story.

CZ Says Binance’s $6.3B Hack Differs From Mt. Gox and FTX Disasters

Binance co-founder Changpeng Zhao has compared the exchange’s $6.3 billion security incident with the Mt. Gox hack and FTX collapse. In a Friday post on X, CZ said the dollar value of stolen funds does not tell the full story of an exchange failure. He noted that Mt. Gox lost approximately 647,000 BTC, making its […] Read The Full Article CZ Says Binance’s $6.3B Hack Differs From Mt. Gox and FTX Disasters On Coin Edition.

CZ Says Mt. Gox Had Greater Impact on Bitcoin (BTC) Than Binance Incident

Mt. Gox lost about 650,000 BTC, more than 5% of Bitcoin’s total supply. CZ said comparisons should also consider users affected and the proportion of their assets harmed.