Gate CEO Calls for Crypto Security Alliance After $6.3B Binance Hack
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After reports of an attack on Binance with estimated losses of $6.3 billion, Gate CEO Lin Han called for a crypto security alliance and proposed vaults with distributed keys and delayed withdrawals. *** Lin Han urged industry actors to coordinate standards, intrusion detection and emergency protocols. Gate proposed dividing the custody keys between the user, the platform and a partner, in addition to imposing 48 hours of delay on the retreats fr…
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BITRSSGate CEO Calls for Crypto Security Alliance After $6.3B Binance Hack
Lin Han, founder and CEO of Gate, has called for the formation of a cryptocurrency security alliance to standardize procedures to prevent and eventually deal with the aftermath of security incidents similar to the $6.3 billion hack that Binance faced on Thursday. Gate CEO Calls for Global Security Alliance to Secure The Crypto Industry Following […]
OKX CEO Urges Crypto Exchanges to Unite After $6.3B Binance Hack
Binance’s latest hack, involving an estimated $6.3 billion in losses, has sparked fresh worries about the security of centralized exchanges and the safety of cryptocurrency assets. However, the incident has also brought an unexpected development: OKX Chief Executive Officer (CEO) Star Xu is publicly calling for greater cooperation between competing crypto exchanges, despite his history […] Read The Full Article OKX CEO Urges Crypto Exchanges to…
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