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Binance could face insider-orchestrated hacks, Jacob King warns

Binance could face insider-orchestrated hacks, Jacob King warns
Binance insolvency and insider hack risk alleged

Jacob King, who leads WhaleWire, described Binance as an insolvent and corrupt crypto exchange and raised the possibility that insiders may orchestrate future hacks using hidden backdoors. In a reference to a post made eight months earlier, King asserted that such incidents would ultimately amount to a rug pull by Binance insiders.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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