Bitcoin.com News reports that Haipo Yang, founder of Coinex, stated that the $6.3 billion Binance hack resulted from three critical mistakes that could have been avoided with proper discipline. Yang emphasized that these errors did not require advanced technology to prevent. His comments come in the wake of the largest theft in crypto history, highlighting vulnerabilities in security practices within the industry.
Based on the Bitcoin.com News report; not independently verified.
Source published: Wed, 04 Nov 2026 13:30:30 +0000
[Read the original report](https://news.bitcoin.com/security/coinex-founder-haipo-yang-binance-hack-three-mistakes/)
CNM Watchlist + audio
Introductory US$5/month. Follow up to 20 tokens and companies, see relevant developments and in-app risk alerts, and listen to on-demand summaries.
- What changed / why it matters / watch next
- Story summaries, all news desks and custom audio briefings
- Shared cached audio; new generation subject to service limits
Watchlist does not unlock additional premium article sections. Free account creation does not start a paid subscription. No automatic trial.