ArcBlock CEO calls for industry-wide security rebuild after Binance hack

ArcBlock founder Robert Mao urges crypto industry participants to jointly rebuild asset control and security verification infrastructure following a major Binance security incident in October 2026 that affected approximately $6.3 billion in assets. The initiative outlines a timeline of major hacks since Bitcoin's inception in 2008, highlighting recurring vulnerabilities in centralized exchanges, bridges, and wallets, and calls for collaborative efforts to constrain the damage from single intrusions.