Changpeng Zhao stated that AI is accelerating cyberattacks, outpacing the speed at which financial institutions are strengthening their defenses. Attackers are using AI for automated reconnaissance, phishing, and vulnerability discovery, causing the frequency of attacks in the crypto industry to increase from once a week or month to potentially multiple attacks per day.
Following the $6.3 billion attack on Binance on October 29, Changpeng Zhao stated that the impact of such attacks extends beyond the digital asset sector, affecting global finance and national security. The FBI attributed the attack to North Korean hackers, and Zhao said the industry welcomes support from the United States and China.
Changpeng Zhao supports the establishment of a crypto industry security alliance to share audit findings, exchange attack experiences, and coordinate asset freezes. He stated that Binance and the entire industry have underinvested in security, and that Binance's assumption of full responsibility for losses and timely confirmation of user fund security will help curb broader market shocks. (Source: Bitcoin.com News)
