- Binance CEO Changpeng Zhao said that DeFi wallets have their own set of risks.
- Zhao added that black hat hackers can be converted to white hat hackers for Crypto securities by offering “big bounties.”
- Kevin Como wrote that a new security strategy is created to upgrade the technical solution.
Yesterday, the CEO of Binance, Changpeng Zhao, announced on Twitter that his team is monitoring the Bitkeep hack funds that may have shifted to Binance.
Zhao further informed users about Decentralized Finance(DeFi) and Centralized Finance(CeFi) by adding:
“Different from CeFi, but DeFi (hold your own key) wallets have their own set of risks. Not risk free. Just different. Learn about security and risk management.”
When a Twitter user asked if there was any way to convert these black hat hackers to white hat hackers for crypto securities, Zhao responded by saying “big bounties”.
Recently, the multichain crypto wallet, BitKeep, suffered a hack wherein attackers stole $8 million worth of assets after users downloaded a hacked 7.2.9 APK version. Assets stolen included 4373 $BNB, 5.4M $USDT, 196k $DAI, and 1233.21 $ETH.
According to Bitkeep, over 200 addresses on the other 3 chains were used in the hack, and all the stolen funds were transferred to two main addresses.
BitKeep then announced on Telegram that they promise the users to refund the stolen assets if the exploit had been a result of the platform’s fault.
Today, the CEO of BitKeep, Kevin Como also wrote in a letter that the team is trying hard and will go to great lengths to recover the stolen assets and will also compensate the victimized users.
Como confirmed that there is not a security issue for the BitKeep official app installed through Google Play, iOS App Store and Google chrome.
Como also added that a new security strategy is set up to restructure and upgrade the technical solution. He also assured users of a satisfying solution.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
