Changpeng Zhao CEO of Binance
Changpeng Zhao CEO of Binance, best known in the crypto community by CZ, is the man of the moment in the crazy world of digital currencies. After eight months of operating at full throttle, this brokerage is nothing short of the greatest crypto broker , but one can not help but foresee is also one of the favorite targets for daring hackers. Following an attack last month, Binance issued a statement explaining that the attack had been restrained and all transactions were reversed and even injured the perpetrators.
How does CZ keep his company safe from this type of attack?
There are rumors on the internet that Binance constantly changes its offices and servers and gives specific instructions to all its affiliates and operators to maintain confidentiality in social networks, thus increasing their chances of defense against many types of attacks that may be orchestrated against a company of this size, criminals or government. It is assumed that a successful attack could take the business completely to ruin as we have seen previously with other cryptocurrency brokers, namely what happened to MontGox and its 400 million dollars in BTC (bitcoin) frozen by the authorities.
A famous digital crypto investor and analyst, Tuur Demeester, has launched a tweet in a wake-up call for the community to set eyes on this brokerage firm as it seems to operate on the edge.
This is not the first time that the community has received warnings about Binance, despite having a high-quality platform and excellent service, authorities complain of lack of transparency on the part of the company.
“Binance has no regulation and transparency,” said David Shin, president of Singapore-based Asia Fintech Society. “It’s as if a van stops in front of an office building selling coffee, while the legitimate cafes on the street suffer”
With all this, we now have a clearer idea why Binance decided to move its facilities to Malta on 22 March, CZ not only hides servers from possible Hackers / Crackers attacks but also protects his company against unnecessary legislations.
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We are not criticizing binance posture, BullRunICO only feels the sense of responsibility to bring transparency to the crypto community.
