Binance has posted an update about the security breach which cost the exchange around $40 million worth of bitcoins. The message is a personal message from CEO Changpeng Zhao, who makes a few confessions during the post.
For one thing, CZ is no coder. He’s an executive. He probably spends too much time on Twitter. He took responsibility for starting a major discussion around the fundamentals of Bitcoin. On the advice of a couple of Bitcoin developers, his team had considered the notion of forcefully removing the funds from the hacker wallets.
Reference: https://www.ccn.com/billionaire-binance-ceo-apologizes-for-bitcoin-blockchain-reorg-a-dirty-word
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