Binance Founder CZ: No Wallet Can Be 100% Secure
Binance founder CZ stated that no cryptocurrency wallet can achieve 100% security, no software is completely free of vulnerabilities, and no technology is absolutely secure.
There are risks in doing anything, and there are also risks in doing nothing; problems, setbacks, and unresolved issues are inevitable in the process.
It is important to keep information updated, manage risks, and address problems directly.
This statement clearly denies the existence of absolute security, covering wallets, software, and technology.
Risk is defined as unavoidable whether one takes action or not, emphasizing that issues and setbacks in the process are normal.
Recommended paths include continuously updating information, proactively managing risks, and directly addressing unresolved issues.
This viewpoint, driven by events, leads users and project parties to shift resources towards risk monitoring and information updating tools, benefiting security services and auditing firms, while wallets or software claiming absolute security face pressure.
Source: Public Information
ABAB AI Insight
CZ has long led Binance's expansion from an exchange to wallets and on-chain services, frequently discussing emergency responses and user education after security incidents, forming a path for risk discussions based on platform scale, including public responses to historical security incidents.
This statement denies the absolute security of wallets, software, and technology, aiming to guide users to accept the norm of risk while focusing actions on information updates and problem-solving rather than pursuing a zero-vulnerability state.
Similar cases include other exchange founders emphasizing risk management rather than absolute protection after security incidents, as well as traditional financial institutions' public statements on operational risks; the current phase is a transition from the myth of technology in crypto to a recognition of manageable risks.
Essentially, this reflects changes in regulation and cognition, shifting security from absolute commitments to process management, with the mechanism being to lower user expectation gaps after acknowledging the non-existence of zero vulnerabilities, thus shifting pricing power from products claiming zero risk to services that can provide continuous updates and responses.
ABAB News · Law of Cognition
- No absolute security, only risk management
- Inaction also generates risk
- Updating information precedes waiting for zero vulnerabilities