Binance CEO Calls Out Safe for Security Lapses Following Hacking Incident

Binance CEO Changpeng Zhao (CZ) has publicly criticized Safe, a self-custody wallet provider, for its lack of transparency following a recent hacking incident that impacted Bybit. CZ’s concerns stem from Safe’s unclear explanations regarding the breach and the potential access to developer machines linked to Bybit. Despite this, CZ clarified that Binance does not utilize Safe for asset storage.