Austin Campbell urges 24-hour delay after Binance $6.34B hack

Following a $6.3 billion hack of Binance, Zero Knowledge Group founder Austin Campbell argues that the cryptocurrency industry has focused excessively on technology risks while neglecting basic financial risk controls. Campbell calls for a mandatory 24-hour time delay on billion-dollar transfers to act as a circuit breaker against rapid thefts. Binance reported that it has replenished the vast majority of the impacted token assets following the breach. Open article →