Binance Hit by a $6.3B Security Nightmare: Nikita Bier Mocks CZ, While ZachXBT Spots a Bigger Threat

The Binance hack has given the crypto industry one of those moments when the memes, the money, and the uncomfortable questions all arrive at once. Nikita Bier, X’s former head of product, didn’t hold back either. Taking a direct swipe at CZ, he wrote, On October 29, Binance suffered a major security incident with an estimated impact of approximately $6.3 billion, according to the crypto exchange’s own update. On-chain investigations traced billions in unauthorized outflows across multiple blockchains, including Ethereum, Bitcoin, Tron, Arbitrum, Optimism, and Avalanche.