- Changpeng Zhao posted about two recent hacker attacks in the crypto market; the HTX and Mixin Kernel.
- Zhao playfully teased Justin Sun about the HTX’s attack, which occurred a week after renaming the platform after the scandalous “FTX”.
- Considering Mixin’s attack, Zhao cautioned that not all decentralized platforms are, in fact, decentralized.
Binance CEO and Co-Founder Changpeng Zhao recently took to X (formerly known as Twitter) to shed light on several recent hacker attacks, particularly involving Mixin Kernel, a digital asset exchange, and HTX.
On September 25, in response to a post by Justin Sun, Zhao addressed the HTX hacker attack, which resulted in losses worth $8 million. He teased Sun, suggesting the irony of the timing that HTX renamed its platform after the scandalized “FTX”. He, however, went on to reassure that the [Binance] security team will work to track all hacker funds.
X users also responded to Zhao’s post, citing their opinions on the hack. One crypto influencer and enthusiast said, “Anything related to FTX should be an abomination at this point.”
Sun adds in a post on X that all losses incurred have been recovered and that operations have returned to normalcy. He continued to say in another post that the platform is willing to give the hacker up to 5% of the stolen funds, worth $400,000 as a bounty to return all stolen funds. To add to this, he said HTX would hire the hacker as a security white hat advisor.
A short while later, Zhao posted regarding “another” hacker attack involving Mixin Kernel, a decentralized peer-to-peer network, as confirmed by the platform on X. The platform stated that the hack had occurred in the early hours of September 23, with losses amounting to $200 million.
According to blockchain security firm SlowMist, the hack had occurred in the wake of a security breach that compromised Mixin’s mainnet, resulting in said losses. Mixin has since temporarily suspended depositing and withdrawal services to prevent further losses.
The Mixin hack, however, sparked debates about how and why a decentralized network such as itself would use a centralized cloud service. Moreover, Zhao was quick to point out the same with a warning to users, saying, “Not everything that claims to be decentralized is.”
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