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CZ_Binance discussing the impact of the MtGox,FTX and centralized exchange hacking incidents

BIBIBIPublished 10/31, 00:12 (Beijing time)Updated 10/31, 00:12CZ_Binance

AT A GLANCE

CZ_Binance Discusses the basis for comparing hacking incidents, stating that MtGox lost 650,000 BTC, accounting for more than 5%of the total supply, and stating that Binance protected users.

Article

📢 CZ_Binance [quote] | 🕒 2026-10-31 00: 01: 35🔗 [Source]

🇨🇳 I’ve seen some discussion about the scale of hacker attacks, such as why the impact on Bitcoin prices was so small, etc. 👇6300000000 USD based on USD the maximum loss calculated in, but this is not the case when calculated in Bitcoin. MtGox lost 650000 Bitcoin!

Other important data points to consider:

The percentage of Bitcoin holdings relative to the total Bitcoin supply, i.e., the market impact. MtGox once again performed remarkably in this regard, losing more than 5%.

The number of affected users and the proportion of user assets. MtGox (the largest centralized exchange at the time) and FTX(also not small in scale) affected almost 100%of users and their assets.

Most importantly: who was affected? Did the platform bear full responsibility? (Only one victim), as in the cases of the two recent centralized exchange incidents and Binance.

Clearly, this remains a major disaster for the entire industry, Binance (and me). Although it was painful, we got through it.

Most importantly, we protected our users.

(Image from @MatthewRoszak） 🇺🇸 Saw a few discussions about size of hack, why impact to bitcoin price is small, etc. 👇

$6.3 billion is the biggest in USD terms, but not in BTC terms. MtGox was 650,000 BTC!

Other important numbers to consider:

% of bitcoin (in relation to BTC total supply), ie, market impact. MtGox is big there again at 5%+.

Number of users impacted, and % of user assets impacted. MtGox (the largest CEX at the time) and FTX (not small) were all near 100% of users and their asseets.

Most important: Who is impacted? Does the platform cover it all? (only one victim), as in recent two CEX cases and Binance.

Obviously, still a major disaster for the industry, Binance (and me). It hurts, but we survive.

Most importantly, we protect our users.

(image from @MatthewRoszak)

💰 Market Cap FTT MarketCap: 76.5M

Key points

📢 CZ_Binance [quote] | 🕒 2026-10-31 00:01:35
🔗 [Source]
🇨🇳 I’ve seen some discussion about the scale of hacker attacks, such as why the impact on Bitcoin prices was so small, etc. 👇
6300000000 USD based on USD the maximum loss calculated in, but this is not the case when calculated in Bitcoin. MtGox lost 650000 Bitcoin!
Other important data points to consider:
The percentage of Bitcoin holdings relative to the total Bitcoin supply, i.e., the market impact. MtGox once again performed remarkably in this regard, losing more than 5%。
The number of affected users and the proportion of user assets. MtGox (the largest centralized exchange at the time) and FTX(also not small in scale) affected almost 100%of users and their assets.
Most importantly: who was affected? Did the platform bear full responsibility? (Only one victim), as in the cases of the two recent centralized exchange incidents and Binance.
Clearly, this remains a major disaster for the entire industry, Binance (and me). Although it was painful, we got through it.
Most importantly, we protected our users.
(Image from @MatthewRoszak）
🇺🇸 Saw a few discussions about size of hack, why impact to bitcoin price is small, etc. 👇

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

BTC: The text discusses the scale of historical hacker losses and the impact on Bitcoin prices, but provides no current fund flow, selling, or price data and therefore cannot support a clear directional assessment.Binance: The content emphasizes Binance protecting users, but this is the party's own account and provides no new operational, repayment, or regulatory facts.

Why it matters to readers

The content was relayed via Telegram and attributed to CZ_Binance, but no original post or independent evidence was provided; it mainly consists of opinion-based discussion about the scale of historical hacking incidents and user protection.

Subject of focus: BTC. Observation period: short to medium term. Subject of focus:Binance. Observation period: short term

Risks and unknowns

Verify CZ_Binance the original post and its publication time
Monitor whether independent sources confirm the recent centralized exchange incident described in the text and the assumption of user losses
Monitor whether BTC exhibits fund flows or price anomalies related to the disposal of hacker assets
BTC Impact assessment reversal condition: If new evidence of a large BTC sale, fund transfer, or market liquidity shock emerges, the impact assessment may turn negative.
Binance Impact assessment reversal condition: If independent evidence shows that user losses, solvency, or regulatory status has changed, the impact may turn negative.

Related Developments

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People

CZ_Binance discussing the impact of the MtGox,FTX and centralized exchange hacking incidents

BIBIBIPublished 10/31, 00:12 (Beijing time)Updated 10/31, 00:12CZ_Binance

AT A GLANCE

CZ_Binance Discusses the basis for comparing hacking incidents, stating that MtGox lost 650,000 BTC, accounting for more than 5%of the total supply, and stating that Binance protected users.

Article

📢 CZ_Binance [quote] | 🕒 2026-10-31 00: 01: 35🔗 [Source]

Other important data points to consider:

The percentage of Bitcoin holdings relative to the total Bitcoin supply, i.e., the market impact. MtGox once again performed remarkably in this regard, losing more than 5%.

The number of affected users and the proportion of user assets. MtGox (the largest centralized exchange at the time) and FTX(also not small in scale) affected almost 100%of users and their assets.

Most importantly: who was affected? Did the platform bear full responsibility? (Only one victim), as in the cases of the two recent centralized exchange incidents and Binance.

Clearly, this remains a major disaster for the entire industry, Binance (and me). Although it was painful, we got through it.

Most importantly, we protected our users.

(Image from @MatthewRoszak） 🇺🇸 Saw a few discussions about size of hack, why impact to bitcoin price is small, etc. 👇

$6.3 billion is the biggest in USD terms, but not in BTC terms. MtGox was 650,000 BTC!

Other important numbers to consider:

% of bitcoin (in relation to BTC total supply), ie, market impact. MtGox is big there again at 5%+.

Number of users impacted, and % of user assets impacted. MtGox (the largest CEX at the time) and FTX (not small) were all near 100% of users and their asseets.

Most important: Who is impacted? Does the platform cover it all? (only one victim), as in recent two CEX cases and Binance.

Obviously, still a major disaster for the industry, Binance (and me). It hurts, but we survive.

Most importantly, we protect our users.

(image from @MatthewRoszak)

💰 Market Cap FTT MarketCap: 76.5M

Key points

📢 CZ_Binance [quote] | 🕒 2026-10-31 00:01:35
🔗 [Source]
🇨🇳 I’ve seen some discussion about the scale of hacker attacks, such as why the impact on Bitcoin prices was so small, etc. 👇
6300000000 USD based on USD the maximum loss calculated in, but this is not the case when calculated in Bitcoin. MtGox lost 650000 Bitcoin!
Other important data points to consider:
The percentage of Bitcoin holdings relative to the total Bitcoin supply, i.e., the market impact. MtGox once again performed remarkably in this regard, losing more than 5%。
The number of affected users and the proportion of user assets. MtGox (the largest centralized exchange at the time) and FTX(also not small in scale) affected almost 100%of users and their assets.
Most importantly: who was affected? Did the platform bear full responsibility? (Only one victim), as in the cases of the two recent centralized exchange incidents and Binance.
Clearly, this remains a major disaster for the entire industry, Binance (and me). Although it was painful, we got through it.
Most importantly, we protected our users.
(Image from @MatthewRoszak）
🇺🇸 Saw a few discussions about size of hack, why impact to bitcoin price is small, etc. 👇

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

Why it matters to readers

Subject of focus: BTC. Observation period: short to medium term. Subject of focus:Binance. Observation period: short term

Risks and unknowns

Verify CZ_Binance the original post and its publication time
Monitor whether independent sources confirm the recent centralized exchange incident described in the text and the assumption of user losses
Monitor whether BTC exhibits fund flows or price anomalies related to the disposal of hacker assets
BTC Impact assessment reversal condition: If new evidence of a large BTC sale, fund transfer, or market liquidity shock emerges, the impact assessment may turn negative.
Binance Impact assessment reversal condition: If independent evidence shows that user losses, solvency, or regulatory status has changed, the impact may turn negative.

Related Developments

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CZ_Binance discussing the impact of the MtGox,FTX and centralized exchange hacking incidents

Article

AI-assisted interpretation

Why it matters to readers

Risks and unknowns

Related Developments

CZ_Binance discussing the impact of the MtGox,FTX and centralized exchange hacking incidents

Article

AI-assisted interpretation

Why it matters to readers

Risks and unknowns

Related Developments

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