A post by @cz_binance on X.

Binance founder Changpeng Zhao said the recent hack, which he described as large-scale, points to serious security failures rather than mere bad luck, arguing that no platform is unhackable but that this cannot serve as an excuse. In a post on X, Zhao said every incident exposes weaknesses that should have been prevented, and that some of the details are embarrassing. He also noted that public explanations tend to oversimplify what appears to have been a more complex failure. The comments add pressure on the affected platform to give a fuller account of what went wrong. What to watch next is the platform's detailed post-mortem and whether it commits to concrete remediation.