Binance CEO Speaks to CNBC, Requests Regulation for Bitcoin and Cryptocurrencies!

The world’s largest cryptocurrency exchange Changpeng Zhao (CZ), founder and CEO of Binance He spoke on CNBC’s “Squawk Box Europe” today.

still keeping its hot spot on the agenda BNB Speaking to the blockchain about the $570 million hack, CZ said they were close to finding out the identity of the attacker.

Stating that they received some clues about the BNB attacker, CZ stated that they were very close to finding the person or people behind the attack with these clues.

Binance CEO CZ, DeFi In other words, popular bridges in the decentralized financial world have become a hot target for criminals and hackers due to errors in their core codes, he said.

“We are still in pursuit of the attacker. We work with law enforcement around the world, helping authorities catch and find bad guys.

Working with law enforcement is one way to make the field safe.”

Stating that the Binance team responded quickly in the BNB attack, CZ continued his words as follows:

“Binance intervened to limit the damage done by the attack and paused activity on the BNB Chain blockchain network after coordinating with its validators.

In this way, Binance was able to prevent 80% to 90% of the funds from being taken by the attacker, minimizing the actual loss.”

Finally cryptocurrency Talking about the regulations in the field, CZ said that he supports innovation in crypto, but the crypto industry needs regulation to be pro-innovation.

As is known, CZ, the US Department of the Treasury in September crypto- He stated that the report was positive developments for the USA.

CZ, Binance’s EU MICA He said that he is working to comply with regional regulations in the future, such as

Stating that Binance also supports the regulations, CZ stated that consumer protection, combating fraud and illegal activities will be a critical part of future regulations.