chepicap.com
Binance’s CEO, Changpeng Zhao gave information on the funds flow from the recently-hacked DragonEx and can be seen bragging about the security of his exchange.
The tweets were triggered by the questions CZ received regarding the funds of the recently-hacked exchange, DragonEx.
Read more: Singaporean DragonEx hacked, according to exchange representatives
“As always, @binance will freeze any identify-able stolen funds,” he answered to the questions.
He, then, presented the chart created by his big-data risk management system team that showed the funds stream from DragonEx.
In the next tweet, CZ went explaining his previous statement on why “not much funds came to Binance this time around”, saying that his platform’s system is now able to identify “most external changes”, thanks to improvement his team have made over time.
His comment may come related to what happened previously with the Cryptopia hack, where lots of the stolen fund were sent to Binance.
Read more: Binance freezes stolen Cryptopia funds after Twitter warning
CZ also hinted that his system has made it possible to know to which exchanges the funds have been flowing to, however, he chose not to show all the other exchanges names as he doesn’t like to “comment much” about his peers directly.
That said, he ensured that he has shared the information with the respective exchanges.
Our system is able to identify most external exchange addresses. Not perfect, but will improve over time.
— CZ Binance (@cz_binance) March 27, 2019
I choose not to show all other exchange names as we don't like to comment too much about our peers directly. We do have information sharing with most of them.
The low-profile figure can be seen of bragging a little bit of Binance security in the last tweet of the “DragonEx fund flow” series as he said, “While many other exchanges were busy building Futures, shorting, etc in the bear market, we focused on internal security.”
Much respect to CZ and Binance!