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- 1CZ Says Binance Hack Is Smaller Than Mt. Gox in Bitcoin Terms▼CZ Says the Binance Hack Is Smaller Than Mt. Gox in Bitcoin Terms. What Did Bitcoin Do After Mt. Gox?
Changpeng Zhao, known as CZ, has commented that the recent Binance hack involved fewer Bitcoin than the 2014 Mt. Gox exchange collapse, which saw roughly 850,000 BTC stolen. He framed the comparison to reassure markets, pointing to the aftermath of Mt. Gox as context. Discussion is centered on how Bitcoin performed following the Mt. Gox loss and what that historical precedent might imply for current market reaction.