After Binance’s $6.3 Billion Hack, Austin Campbell Calls for a 24-Hour Clock on Billion-Dollar Crypto Moves

Austin Campbell, founder of the Zero Knowledge Group, used an appearance on the Bits + Bips podcast to propose a mandatory 24-hour delay on billion-dollar crypto transfers, arguing the industry was engineered to absorb technical risk rather than financial risk. His remarks follow Binance's $6.3 billion hack, the scale of which he said exposes gaps in how large movements are handled. The proposal would impose a cooling-off window before such transfers settle, giving counterparties and exchanges time to catch errors or fraud. The debate matters because crypto's always-on settlement, often pitched as a virtue, leaves little room to reverse mistakes once funds move. What to watch next is whether exchanges and custodians voluntarily adopt transfer delays or push for a formal industry standard.