CZ, the founder of Binance, said on social media that the more and more developers in the encryption industry, the greater the possibility of the developer’s private key being stolen, both good and bad.
Binance needs time to verify before deciding to freeze hacker addresses, otherwise anyone will ask Binance to blacklist someone else’s address, which, like most things in life, requires a balance.
In cases such as freezing hacker funds, the Binance team has been working closely with law enforcement. When responding to whether Binance is actually testing how to deal with hacker contracts, CZ said that it is not a Binance smart contract, and Ankr is an independent project team in the DeFi ecosystem.