As chaos ensued following the hack for the world’s largest cryptocurrency exchange, Binance saw the support of many luminaries in the crypto-verse. To repair the damage, well-known personalities of the space extended support. Tron’s Justin Sun had earlier expressed solidarity and offered to deposit 7,000 BTC worth of USDT [40 million USDT] into Binance while security giant John McAfee assured to identify the perpetrators.
From giving a heads up to his followers about delisting Bitcoin SV and other major upcoming updates, Changpeng Zhao aka CZ, the CEO of Binance has been quite active on his official Twitter handle. Notably, in the event of the security breach, CZ did not shy away from responding to questions and kept his followers updated on the status of the exchange, which subsequently garnered significant attention from the community.
Applauding the transparency shown by the CEO, Anthony Pompliano, a popular Bitcoin proponent in the space, tweeted,
“This may not be popular but @cz_binance deserves a lot of credit for how transparently he has handled the Binance hack. Imagine the CEO of a traditional bank or credit card company answering questions live on Twitter hours after a hack. New money, new way of communicating.”
Notably, support flowed in for CZ with users reacting to the above tweet in affirmative. A Twitter user named, Metallicelmo, replied to the original thread,
“Well said, we need more people like CZ in the crypto world. Honesty and transparency will always win”
Besides, Binance pledged to raise its security in the aftermath of the hack and also stated on the blog post that the platform would “significantly revamp” security measures, procedures, and practices. The post, however, clarified that sharing too many security details on the social media platform would “actually weaken their security response strategy”.
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