BREAKING: Prominent security consultant Troy Hunt says 'this will be the largest IT outage in history' and 'this is basically what we were all worried about with Y2K, except it’s actually happened this time'
@spectatorindex This #outage is a major wakeup call. We can't depend on one company that monopolizes everything to run our systems. Microsoft has the world stranded right now. This is surreal like we are in the twilight zone.
Absolutely! There are plenty of other endpoint cybersecurity systems out there. And it's high time governments start pushing legislation to hold companies who sell software products and services accountable for losses due to their faulty systems and updates.
this isn't the first time that CrowdStrike's csagent.sys kernel driver has caused Windows BSODs. I'd imagine many executives are waking up this morning and immediately looking at moving away from CrowdStrike. It's very hard to win back trust after an event like this
We have been reverse engineering the XZ Utils backdoor and are sharing some initial findings: we've identified multiple hooking options to adapt to different environments, and a hardcoded fake public key that can appear in verbose SSH logs depending on attacker-controlled flags.
In my keynote at @labitconf I discuss economic wars, the power behind #Bitcoin, why $BTC is destined to be the apex commodity, technology, property, money, & ETF asset, winning & losing investment strategies, management of counterparty risk, & capital markets digital disruption.
Today, I stepped down as CEO of Binance. Admittedly, it was not easy to let go emotionally. But I know it is the right thing to do. I made mistakes, and I must take responsibility. This is best for our community, for Binance, and for myself.
Binance is no longer a baby. It is time for me to let it walk and run. I know Binance will continue to grow and excel with the deep bench it has.
I’m pleased to announce that @_RichardTeng, our now former Global Head of Regional Markets, has been named the new CEO of Binance today.
Richard is a highly qualified leader and, with over three decades of financial services and regulatory experience, he will navigate the company through its next period of growth. He will ensure Binance delivers on our next phase of security, transparency, compliance, and growth.
Prior to joining Binance, Richard was CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM); Chief Regulatory Officer of the Singapore Exchange (SGX); and Director of Corporate Finance in the Monetary Authority of Singapore.
With Richard and the entire team, I’m confident that the best days for @Binance and the crypto industry lay ahead.
As a shareholder and former CEO with historical knowledge of our company, I will remain available to the team to consult as needed, consistent with the framework set out in our U.S. agency resolutions.
What’s next for me?
I will take a break first. I have not had a single day of real (phone off) break for the last 6 and half years.
After that, my current thinking is I will probably do some passive investing, being a minority token/shareholder in startups in areas of blockchain/Web3/DeFi, AI and biotech. I am happy that I will finally have more time to spend looking at DeFi.
I can’t see myself being a CEO driving a startup again. I am content being an one-shot (lucky) entrepreneur. Should there be listeners, I may be open to being a coach/mentor to a small number of upcoming entrepreneurs, privately. If for nothing else, I can at least tell them what not to do.
On that note, I am proud to point out that in our resolutions with the U.S. agencies they:
- do not allege that Binance misappropriated any user funds, and
- do not allege that Binance engaged in any market manipulation.
Funds are SAFU!
With that, I look forward to seeing the new leadership take the reins. Please join me in congratulating Richard on his well-deserved promotion.
Onwards!
CZ
And we are live with our first ever live CGU Academy Learn to Earn session! @CryptoGlobalUtd
Modifying a Squarespace Template (Intro to Web Design Lesson 1) https://t.co/2FJU1uQZCk via @YouTube