Changpeng Zhao aids recovery efforts after BNBChain hack
@cz_binance: Zhao aids BNBChain hack recovery
Changpeng Zhao, CEO of Binance, has highlighted the collaborative efforts within the cryptocurrency industry to recover funds following a recent security breach.
Zhao stated that the BNBChain ecosystem worked diligently to track down the hacker responsible for the incident, successfully retrieving 90 percent of the stolen funds. The remaining 10 percent was allocated as a bounty, incentivizing further cooperation and assistance in securing the network.
Emphasizing the swift response to the breach, Zhao noted his role in facilitating communication among experts to address the cybersecurity threat. The successful recovery operation underscores the importance of collaboration within the crypto community in tackling such incidents effectively.
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In the previous news, tweet author Changpeng Zhao discussed plans to enhance Binance's reward system efficiency. Details on the different BNB token versions can be found here.
