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Binance founder Zhao Changpeng stated that it was a mistake for Nvidia to force Jensen Huang to resign.

Zhao Changpeng responded to the Genius App community invitation on platform X, stating that the team had invited him to create a public account, but he declined the proposal due to concerns about receiving a large number of meaningless token donations again.Zhao Changpeng mentioned that he has downloaded the Genius App for understanding but has not yet used the app for trading. He emphasized, "I am not a trader; I just accumulate and hold, and I only hold mainstream coins."Previously, members of the Genius App community extended a public invitation to Zhao Changpeng, stating that over 10,000 BNB community users have joined the app and hope that Zhao Changpeng can also register an account and participate in community interactions.

Meta Financial AI stated on platform X that when exchanges encounter significant crises, their platform tokens often suffer the most impact first, citing the price performance of tokens after security incidents involving FTX, WazirX, and Bitget as examples. Binance experienced a $6.3 billion hack on October 29, marking the largest hacking incident in the history of the cryptocurrency industry, approximately 16 times the losses Bitget faced in its previous attack. However, over the past 30 days (including the period during the hacking incident), SOL, XRP, ETH, BTC, and BNB fell by 18.3%, 16%, 9.7%, 7.4%, and 5.7% respectively, with BNB experiencing the smallest decline.Zhao Changpeng responded by stating that the price trends of most crypto assets are generally synchronized, with only minor percentage differences; the impact on one asset can ripple through the entire industry, making internal conflicts within the industry meaningless. He called for the cryptocurrency industry to be "decentralized but united."

Community users have posted that Musk once criticized Binance for holding about 80% of the cryptocurrency market share, believing that its dominance hinders industry development.Binance co-founder Changpeng Zhao responded that this statement is false information and called on the poster to stop spreading untrue content. Musk then replied to Zhao, stating that he has never published related content and that the information is fabricated.

According to multiple security researchers and KOLs, the iOS exploit toolkit DarkSword poses a serious threat to cryptocurrency users. This exploit takes advantage of an underlying flaw in iOS 18, allowing users to simply open infected websites through Safari, enabling malicious code to run in the background of the phone without the need to connect a wallet or perform any signature authorization. Attackers can use this to steal passwords, photos, files, as well as private keys and mnemonic phrases from cryptocurrency wallets.At least 18 malicious websites have been identified, resulting in victims losing up to 5.57 million dollars, involving more than 20 wallets. Zhao Changpeng commented on this, urging users to update their iOS systems, especially if they haven't updated for a while. He stated that no wallet software can update your operating system for you, and self-custody means self-responsibility.

Binance co-founder Zhao Changpeng stated that if using the options trading platform SignalPlus on any trading platform, it is recommended to revoke all API keys.Zhao Changpeng mentioned that it is generally not advisable to store API keys on any third-party platform, and Deribit had previously reported related issues.

During a speech at the Oxford Union, Binance founder Changpeng Zhao mentioned that the adoption process of cryptocurrency is slow but irreversible. He estimates that it may take 5 to 10 years for the cryptocurrency adoption rate to reach 20%, while the middle 60% to 80% may take another 10 to 20 years, and the final 20% could take a long time. The initial phase is filled with skepticism, accelerating after surpassing 20%, and slowing down after exceeding 80%.He pointed out that in the past two years, many governments around the world have shown a significant change in their attitude towards cryptocurrency. The United States has shifted to a crypto-friendly stance, with other countries following suit. However, the upgrade of the financial system is slow, and large institutions exhibit inertia, leading to significant friction for banks to directly access blockchain.Currently, innovation in retail payment and daily use cases is still lacking. Many projects are just getting started and will need another year or two, while on the institutional side, ETFs, tokenized stocks, and stablecoins are on the rise. Different cycles focus on different aspects, shifting from early Bitcoin and ICOs to meme coins, and recently turning towards institutional adoption. He remains optimistic about this and is willing to fund developers.

Binance founder Zhao Changpeng commented on a tweet about a certain Bitcoin OG dormant wallet waking up, stating that Bitcoin is not a store of value; it has been appreciating in value.The tweet mentioned that this dormant wallet holds 8.18 BTC, with an original cost of about 470 USD, and a current value of approximately 660,000 USD.

Binance founder Zhao Changpeng retweeted a lengthy statistical article regarding public opinion on Binance, stating that this is "another attack against Binance." The statistics cover approximately 78 hours from October 30 to November 2, during which 1,083 accounts posted 11,700 hostile messages about the Binance hacking incident, garnering approximately 20.93 million exposures, of which 3,354 were deemed false information.The statistics show that the related narratives shifted with Binance's official response points, including "insider," "insolvency," and "afraid to withdraw." Among the 641 most active accounts, 452 had collaborative associations; 89% of the accounts rarely mentioned Binance, with posting frequency during the incident rising to 24.6 times the baseline. During Binance's withdrawal recovery phase, mobilization posts such as "immediate withdrawal" and "bank run" reached a peak of 11.2 posts per hour.

Binance founder Zhao Changpeng responded for the first time to the incident of approximately $6.3 billion being stolen from Binance during an interview with Talking Tokens, stating that all hacking attacks are preventable and that a long period without security incidents can lead to complacency in enterprises.He pointed out that the frequency of hacking attacks on cryptocurrency exchanges has risen from about once a month to almost once a week, with AI accelerating the development of attack capabilities, while the industry's defensive capabilities have not kept pace. He called for the cryptocurrency industry to form a security alliance to share best security practices, conduct cross-audits, and achieve rapid coordination in freezing stolen funds, expressing hope to promote the establishment of this alliance.Regarding government cooperation, Zhao Changpeng stated that there has been no communication with Trump or Washington regarding this incident, but he hopes to receive assistance from the U.S. government. He also mentioned that when it comes to communication with North Korea, perhaps only the U.S. and China have the necessary conditions. Speaking about market reactions,Zhao Changpeng noted that on the day Binance was attacked, the decline in the cryptocurrency market was less than that of tech stocks, a situation that is almost unheard of. He believes this is due to Binance's prompt confirmation of user fund security and its ability to provide full compensation.He also revealed that less than 10% of the stolen funds flowed to other centralized exchanges; recently, some hardware wallets have also been attacked, and some users have returned their funds to Binance after comparing the security situations of different platforms. Binance switched from net outflow to net inflow within less than 24 hours based on hourly statistics.Regarding the future of the industry, Zhao Changpeng believes that AI will enhance the security of the cryptocurrency industry and software systems in the medium to long term, and may even detect vulnerabilities in blockchain software before quantum computing can crack the existing encryption systems. At the same time, AI will drive trading speeds far beyond current levels, and blockchain may become the only financial technology capable of supporting such trading speeds. He also reminded retail investors to strengthen the use of asset protection tools and to continuously pay attention to industry security dynamics.

Binance founder Changpeng Zhao stated in an interview, "Typically, after an attack event, some users do choose to withdraw their funds. Some large institutions are required by internal policies to withdraw funds, and some retail investors may follow suit.However, after withdrawing, users face another question: where is it safer to store their money? I personally have not suffered any financial losses on Binance because Binance has absorbed the losses caused by this incident. This event is indeed frightening, but the question is, where can I transfer my funds? Recently, several hardware wallets have also been attacked, including one supply chain attack and another involving the mnemonic phrase generation process. This means that even if users make no operational mistakes and strictly follow all security protocols, purchasing hardware wallets and generating mnemonic phrases, they could still lose all their funds five years later without any fault, and no institution will bear the losses.The first wave of impact has already occurred, and Binance has also been attacked and completed repairs. Next, the second wave of impact may affect smaller platforms, which may not necessarily be more secure. Therefore, some users may initially choose to withdraw, but later realize that they need to manage their mnemonic phrases and store their assets themselves. In fact, less than 10% of the funds flowed to other centralized trading platforms, which means that most of the funds may have been transferred to users' own self-custody wallets. However, using self-custody wallets is not without risks. Users must properly back up their mnemonic phrases and ensure they do not get lost or damaged.In fact, most losses suffered by users when self-custodying assets are not even caused by hacker attacks. Therefore, after weighing their options, users may reconsider depositing their funds back into trading platforms. In fact, within less than 24 hours, we have already seen a change in fund flows. I also saw a tweet earlier showing that the fund flow statistics for the platform have turned into a net inflow on an hourly basis, which actually reflects the strength of the platform and users' trust in it. I believe that in the coming weeks and even months, fund flows will continue to fluctuate. As we mentioned before, if the market re-enters a bull market, we will see more funds flowing in.I believe there are many aspects that need attention. First, the speed of technological development is very fast, especially AI, which is growing at an astonishing rate, and the trend of exponential growth even exceeds people's understanding. Secondly, I believe that the entire cryptocurrency industry is still under-invested in the security field. Frankly speaking, many AI security tools are not yet truly applied in the industry.Therefore, I encourage all practitioners to increase their investment in these areas, including increasing the number of security engineers, introducing more AI tools, and closely collaborating with AI security service providers. I believe these are crucial. For ordinary users, what we call retail investors, I suggest everyone actively learn about different security tools, understand how to protect their assets, and closely follow industry trends and relevant news. Especially at this current stage, all of this is very important."

Binance founder Zhao Changpeng stated in an interview, "After the attack incident, Binance quickly stepped up to clarify that user funds were not affected and user assets are safe. Although this is just a very simple statement, it effectively prevented panic from spreading further and avoided a chain reaction.Everyone understands that this incident will not have further spillover effects. Unlike previous cases where some platforms or lending protocols went bankrupt, ultimately causing users to bear losses, this time users will not be forced to bear related losses. This is fundamentally different from some past events, which often triggered second and third rounds of chain reactions. I believe that, first, this statement calmed everyone down. Secondly, Binance's ability to make such a commitment based on its own credibility also made users willing to believe this statement. After all, many fund flows and transaction records on the blockchain are public and transparent.However, this situation is different; users understand that Binance has sufficient financial strength to bear related losses. Binance has the SAFU (Secure Asset Fund for Users), a futures insurance fund, as well as very strong capital strength and a solid balance sheet. It is this ability to respond quickly, take responsibility proactively, and ensure that all users are protected and all losses are compensated that has gradually restored calm to the market.One interesting point: on the day of the incident, the decline in the cryptocurrency market was actually smaller than that of the tech stock market, a situation that is almost unprecedented. Typically, when the stock market declines, the crypto market often experiences a larger drop, as investors looking to hold cash tend to sell off crypto assets. But this time, even with such a severe hacking attack on the crypto industry, the market decline was smaller. I believe this indicates that investors overall remained quite calm, and it reflects the solid trust in the platform that has been gradually built over the years. I feel very proud of this."

Binance founder Changpeng Zhao stated in an interview, "If we cannot control such security attack incidents, and similar events continue to occur without significant improvement in security protection, then the speed of market adoption will slow down, which will affect the overall popularization process of the cryptocurrency industry.However, overall, I believe that any new technology in its early development stage needs to go through a period of adaptation, which is often accompanied by considerable growing pains. But in the long run, I believe that positive factors will ultimately prevail, and technology will continue to advance over time. I do not know when the industry will hit bottom or when it will reach a turning point. I think we may encounter more problems before the overall situation begins to improve. I hope that day comes soon.We hope the U.S. government can provide assistance in this regard. I believe that whether it is myself personally, Binance as a company, or the entire cryptocurrency industry, we are all very eager to receive support from the U.S. government. If anyone can communicate with North Korea, it is likely to be the U.S. government."

Binance founder Zhao Changpeng stated in an interview, "The theft incident seems to never happen until it actually does, right? But often just before something happens, you overlook some details. Therefore, as long as you invest enough energy and attention, every security incident can actually be avoided. I believe we can learn a lot from this.Without sufficient technological application and market adoption, the tech sector may not receive enough investment. Therefore, market demand also needs to grow in sync, and the two must promote each other. We cannot wait until technology reaches 100% maturity to take action, because technology can never achieve absolute maturity; it is always in a process of continuous improvement.The development speed of AI technology is very fast, but it also brings many problems, such as security issues. In the past, we might see a hacking incident every month or so, but now it could happen every week. Just yesterday, four cryptocurrency trading platforms experienced different hacking attacks.I expect that the frequency and speed of hacking attacks will further increase in the future, as attackers are also leveraging AI more. At the same time, we must also utilize AI technology more to strengthen our defenses. To combat a powerful opponent, sometimes you must possess comparable capabilities.Therefore, we actually need to have AI technological capabilities to respond to these threats. So, there is no so-called perfect timing to wait until technology is fully mature and all security issues are resolved before taking action. Technology and security capabilities are always evolving."

Binance founder Zhao Changpeng added regarding the platform's recovery progress that there is one point that has not been mentioned before, which people might not even think of. Binance did not borrow money, did not sell assets, and did not raise funds; it completely used its own balance sheet to cover the stolen losses, which is different from other events that people have been trying to compare it to.

Zhao Changpeng posted on platform X, stating that more countries will begin to realize that issuing domestic currency stablecoins can enhance the demand for their national currency, thereby increasing the demand for their government bonds, while the US dollar has significantly outpaced in this regard.

Binance founder Zhao Changpeng posted on the X platform that U.S. law enforcement agencies, including the FBI, the United States Secret Service (USSS), and the Internal Revenue Service (IRS), provided crucial assistance in the Binance theft incident, including tracking and freezing funds.Zhao Changpeng stated that a single tweet cannot fully express his gratitude, and many cryptocurrency users may not realize that "the reason Bitcoin did not drop more" is largely due to their efforts.Previously, the FBI confirmed that North Korea was behind the theft of over $6 billion from Binance.

According to a post by Binance co-founder Zhao Changpeng, he is no longer operating Binance but remains a shareholder and supporter of the company and can post freely.Zhao Changpeng previously retweeted Binance's announcement that Bitcoin network withdrawals have resumed. X user Michael Lerro then questioned why Zhao Changpeng still behaves as if he is employed by the company since he no longer works for Binance, to which Zhao Changpeng made the above response.

Binance co-founder Zhao Changpeng stated that the Federal Bureau of Investigation (FBI), the United States Secret Service (USSS), and the Internal Revenue Service (IRS) provided significant assistance in the Binance theft incident, including tracking and freezing assets.Zhao Changpeng expressed gratitude to the relevant agencies and believes that their work is one of the important reasons why Bitcoin did not decline further.Previously, the FBI stated that North Korea is responsible for the theft of over $6 billion in virtual assets from Binance and, along with the USSS and IRS Criminal Investigation Division, observed that the attackers primarily exchanged the stolen assets for ETH.