A post by @WuBlockchain on X.

CoinEx founder Haipo Yang said the recent Binance security breach exposed at least three critical, entirely avoidable security and operational failures. Yang framed the incident as a breakdown in basic safeguards rather than an unavoidable event, though the article excerpt does not detail the specific flaws. The comments come as exchanges face renewed scrutiny over custody and operational resilience following the Binance breach. Watch for Binance's post-incident disclosures and whether rival venues such as CoinEx publish comparable security reviews.