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After Binance’s $6.3 Billion Hack, Austin Campbell Calls for a 24-Hour Clock on Billion-Dollar Crypto Moves
Headline from Unchained
Key points
- Following a major six billion dollar hack involving Binance, Zero Knowledge Group founder Austin Campbell shared his perspective on the Bits plus Bips podcast.
- He argued that cryptocurrency systems were originally designed to handle technological risks rather than massive financial risks.
- Campbell suggested implementing a mandatory twenty-four-hour delay on cryptocurrency transfers valued at one billion dollars or more.
Summarized automatically by Kryptokite from reporting by Unchained. Read the original sources for full detail.
Coins mentioned
Sources
- UnchainedAfter Binance’s $6.3 Billion Hack, Austin Campbell Calls for a 24-Hour Clock on Billion-Dollar Crypto Moves · 2 hours agoRead on Unchained
Story timeline
- Crypto Briefing1 min read
BNB Standard adds Anthony Scaramucci to its board as an independent director
- Unchained1 min read
Binance’s $6.3 Billion Hack Has South Korea Asking Exchanges to Hold More Crypto Offline
- The Block1 min read
CZ calls for crypto security alliance as AI-driven attacks accelerate after Binance hack
- NewsBTC1 min read
Tether Says It Froze More Than $1.5B Linked to the Binance Theft
- NewsBTC1 min read
FBI Attributes Binance Heist to TraderTraitor and Urges Crypto Infrastructure Vigilance
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