CZ says crypto is about “security” but BSC gets hacked anyway

Just before the weekend could get underway, Binance revealed that unidentified hackers managed to steal 2 million of the company’s BNB Chain crypto token, worth a total of $569 million US dollars. The response from the world’s largest centralized crypto exchange? To shut down the Binance blockchain. The chain has since been “turned back on” but it’s not a great look for a blockchain the fact that its overlords can just switch it on and off like a bank teller lamp.

0:20 The Heist
1:38 The Getaway Operation
2:47 How can a blockchain be suspended
3:48 CZ's Response
4:23 "De"Centralized

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