Austin Campbell Suggests 24-Hour Clock for Billion-Dollar Crypto Moves

Austin Campbell, founder and managing partner of Zero Knowledge Group, suggested a 24-hour clock for billion-dollar crypto transfers after Binance’s $6.34 billion breach renewed scrutiny of financial risk controls. In a conversation recorded Nov. 2, Campbell used a $1 billion transfer as his example. He said the clock could run under a protocol rule without a person deciding whether to approve each move. He argued that crypto systems have focused on technical security while giving too little attention to financial risk. The proposal followed Binance’s Oct. 29 hot-wallet breach .

Source: TokenPost