Binance, KuCoin, OKX CEOs flex security amid Solana FUD storm

Binance, KuCoin, OKX CEOs flex security amid Solana FUD storm


With Solana hitting the headlines for succumbing to a hack on Wednesday, prominent crypto CEOs — including Binance’s Changpeng “CZ” Zhao, KuCoin’s Johnny Lyu and OKX’s Jay Hao — recommended that Solana (SOL) investors move their holdings over to their own exchanges as an immediate security measure.

Numerous blockchain investigators and crypto investors flagged an alleged widespread private key compromise, allowing the attacker to steal native SOL tokens and Solana-compatible SPL tokens such as USD Coin (USDC) from Phantom and Slope wallets. However, the root cause of the attack remains a mystery as all parties, including Solana and Phantom, denied faults at their ends. Phantom’s official stance on the matter shared with Cointelegraph:

“We are working closely with other teams to get to the bottom of a reported vulnerability in

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