According to ChainCatcher, Twitter user @CryptoNakamao issued a correction and explanation regarding the incident in which web page cookies were hijacked due to a malicious plug-in and the loss of 1 million US dollars, saying that Binance was indeed unaware of the situation of this plug-in in advance and the KOL was not an undercover agent of Binance.

Binance responded by expressing regret for the user's experience and thanking him for helping to clarify the misunderstanding about Binance in the previous tweet. Previously, Binance had set up a reward mechanism through the "Bug Bounty Program" to encourage community members to report potential vulnerabilities, increase awareness of potential threats, and help Binance discover problems earlier. The user's experience reminded and helped Binance see better optimization and upgrade space, so it will apply for a reward for him as a reward.

Binance's risk control and security teams will continue to investigate such incidents. Currently, they have added big data alarms and manual double confirmations to sudden price fluctuations, and will also provide additional reminders to users. Binance will continue to invest and take concrete actions to protect the security of user assets.