Changpeng Zhao (the CEO of Binance) has recently shared some tweets on his official Twitter channel disclosing a funds exploitation attempt. In his posts, he noted that the security team of the crypto exchange informed him about the breach. As per him, they discovered fund movement by Harmony One hacker.
Changpeng Zhao of Binance Says Crypto Exchange Assisted Huobi in Freezing Hacker’s Accounts
The CEO asserted that the exploiter formerly attempted to launder funds via Binance. On that occasion, the cryptocurrency exchange halted the accounts linked to the hacker. Nonetheless, the exploiter did not give up its efforts to fulfil the malicious purposes. As a result, they moved toward Huobi to carry out their bad endeavours. When the crypto exchange discovered the matter they assisted Huobi to deal with the issue.
Both platforms made mutual efforts to stop the accounts of the exploiter. In addition to halting the hacker’s accounts, the companies also remained effective in recovering up to 124 BTC tokens. Zhao moved on to assert that a centralized finance (CeFi) platform has helped a decentralized finance (DeFi) company in maintaining its security.
Justin Sun Appreciates CeFi Exchange’s Efforts in Preventing Security Breaches
On noticing all this, Justin Sun (the advisor to Huobi Global) expressed his gratitude to Binance for cooperation in dealing with the matter. He also noted that they successfully discovered as well as prevented the Harmoney One exploiter from an attempt for laundering money via Huobi Global.
Apart from that, the Huobi Global advisor categorized this event as a remarkable example presenting the potential of centralized finance organizations to provide safety to the crypto community. The advisor also asserted that they will keep on vigilantly observing any suspicious activities to dump them before they could cause any harm to their clients.