OKX founder on Binance's 8 trillion won hack: "Security first"

Binance disclosed that a security incident on October 30 affected $6.34 billion (approximately KRW 8.52 trillion) in digital assets, according to its preliminary investigation. OKX founder Star Xu responded by saying security, accountability, and regulatory compliance must always come before marketing, and noted the breach began with one employee deceived by a fake job interview before spreading to two others, with internal AI tools possibly involved. He also questioned whether multi-layered defenses actually worked. The scale of the affected assets makes the incident one of the largest exchange security events by value, drawing fresh scrutiny to operational and insider risk controls at major centralized platforms. What to watch next is Binance's full post-mortem and any remediation steps, plus whether the episode pushes exchanges to prioritize security spending and disclosure over promotional messaging.