CZ: Most banks don't have $1.4 billion in cash to be stolen
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On February 23, Bitinning founder Kashif Raza posted on the X platform that if a bank is hacked and stolen $1.4 billion, the subsequent process will be: freezing withdrawals, notifying the government, establishing an investigation committee, and years of investigation. Close branches and lose to competitors. In contrast, the process after the Bybit exchange was hacked was: CEO live broadcast, industry alliance, competitors provide support, everything returned to normal after 1 hour, and tracking and freezing operations were initiated within the industry. In response, Binance CZ responded: "Don't worry, most banks don't actually have $1.4 billion in cash to be stolen."