Binance’s CZ Says Banks May Be More Vulnerable To Hacks Than Crypto Exchanges
Photo: ZyCrypto
Binance founder Changpeng Zhao warned in a recent interview with CoinDesk that traditional banks may be more vulnerable to cyberattacks than crypto exchanges as AI boosts hacking power. Days after the $6.3 billion Binance breach, the largest crypto theft on record, he said exchanges draw attackers first because of high rewards and fast asset transfers, but banks face greater overall risk. “If a crypto exchange can be hacked, banks are in a worse position, in my opinion,” Zhao stated.
Source: ZyCrypto
