Binance's Chief Security Officer: Binance Establishes a Security Research Fund to Address the Security Threats of AI
2026-11-09 20:54:33
According to CoinMeta, Binance's Chief Security Officer Jimmy Su stated that Binance is hiring external security experts to conduct an independent review of the security incident on October 29th. The company is also collaborating with leading AI firms and security companies to establish a security research fund, focusing on security threats related to AI in the blockchain sector. In the future, Binance's internal AI tools and development environments will be managed in accordance with critical infrastructure standards. Since the transaction authorization exploited by the attackers existed on the chain and did not go through Binance's withdrawal system, suspending withdrawals could not prevent the outflow of funds. Therefore, it was necessary to issue new on-chain transactions to revoke the authorization. As Binance's hot wallets utilize multi-party computation (MPC) technology, no single private key can immediately revoke the authorization, which forced the team to temporarily develop a revocation process, resulting in a situation that took several hours to control.
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Source:Internet
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