Binance CEO CZ Highlights 

DeFi Risk

December 28, 2022 Story: Divya Sinha

Recently, BitKeep reported that several users funds were stolen because of downloading a hacked APK version.

The hackers have stolen $8 million worth of assets in this DeFi crypto hack.

Binance CEO Changpeng Zhao tweeted and informed that they are helping to monitor funds from BitKeep hack that may flow to Binance.

Zhao further in his tweet also differentiated between CeFi and DeFi.

He detailed that DeFi wallets have its own set of risks. They are not risk-free and just different from CeFi.

Following this, a Twitter user asked CZ about any ways to convert black hat hackers to white hat hackers.

He responded to him by saying “big bounties”.