Binance CEO makes a "shocking" statement about the decentralized project 🤯Changpeng Zhao (CZ), CEO of Binance, commented on the recent Mixin hack on social media platform X.
In his statement, CZ expressed skepticism about the event, while also questioning the level of decentralization in projects like Mixin.
"Another hack happened yesterday with Mixin. I'm not familiar with it. So confusing 😳," CZ wrote.
He went on to highlight the vulnerability of so-called "decentralized peer-to-peer networks" that have "databases" but lose half of their users' assets when attacked.
From there CZ concluded:
“Not everything that claims to be decentralized is.” 😮
From this, it can be seen that the Binance CEO has doubts about the decentralization of many projects. He argues that not every project that claims to be decentralized is truly decentralized. 💡
As#Allinstationreported, the #Mixin Network blockchain project was recently hacked with a loss of 200 million USD.
Specifically, SlowMist revealed that Mixin Network's database was attacked on September 23 and caused damage of up to 200 million USD. They also announced that they are assisting Mixin in investigating this attack. 🧐
In the immediate future, Mixin has temporarily stopped deposits and withdrawals to protect user assets. The project also said that founder Feng Xiaodong will explain in more detail about the attack during the livestream taking place today, September 25. At the same time, Mixin also pledged to compensate affected users. 💪
This attack also became the most serious hack in the#Cryptoindustry in 2023, surpassing Euler Finance losing $197 million in March or #Multichain losing $128 million in July. 💥
