Binance founder Zhao says user assets will be protected after $6.3 billion hack
Binance founder Changpeng Zhao said user assets would be protected through funds including the Secure Asset Fund for Users (SAFU), in an online interview published on November 9. His comments followed a roughly $6.3 billion hack late last month, which the FBI attributed to a North Korean hacking group. Zhao said hacks were unavoidable but the response mattered, and argued that the industry would become stronger and safer.