Crypto Industry Leaders Discuss Security Challenges at Hong Kong FinTech Week After Binance Suffers $6.4 Billion Hack
Industry leaders are seeking solutions to crypto crime at Hong Kong FinTech Week, following a historic hack on Binance where over $3 billion is reportedly still in the hands of North Korean hackers. Tim Way, Head of Global Banking Initiatives at digital asset infrastructure firm Fireblocks, stated that every endpoint and server must be treated as a potential point of compromise, with a focus on capturing unauthorized signatures, as transactions are difficult to reverse once on-chain.
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