Binance CEO Changpeng Zhao Warns Of The Importance Of 2FA Security On Social Media X

Changpeng Zhao, founder of the Binance crypto exchange. (Photo; Doc. Coincholik)

JAKARTA - Changpeng Zhao (CZ), CEO of Binance, recently responded to the case of hacking an account X belonging to the founder of Ethereum Vitalik Buterin who promoted NFT scams. CZ raised important issues about account security using two-factor authentication (2FA) on Twitter.

In his latest statement, CZ emphasized that Twitter, although widely used in the crypto world, is not actually a financial platform. Therefore, he proposed some crucial security improvements.

One of the main recommendations submitted by CZ is the widespread use of 2FA. With 2FA, users will need an additional verification code or a second device to access their account, significantly increasing protection.

This is a strong form of defense against unauthorized access, which is a major concern for those involved in the crypto world and often use Twitter to communicate.

In addition, CZ highlighted the importance of separating login ID from the username or email address. This is a simple but effective step that can help avoid cyberattacks seeking to identify login information.

CZ's concern stems from his personal experience where his own Twitter account experienced a lockdown attempt by hackers who attempted a brute force attack. The brute force attack involved systematic experiments on various combinations of passwords to successfully log into the account.

This highlights account vulnerabilities even for well-known individuals. This security issue has been a concern of the crypto community for a long time, long before Elon Musk acquired Twitter.

To protect digital assets and personal information, CZ encourages users to take strong security measures, including the use of 2FA like Yubikey on all cryptocurrency platforms. Because this kind of proactive action is very important in dealing with the growing online threat.