Binance Founder Praises Thai Partner GULF Amid Cyber Crisis
Changpeng Zhao has publicly acknowledged the support of Thai energy giant GULF following a massive $6.3 billion cyberattack on Binance.
According to Prachachat Business, Changpeng Zhao (CZ), the founder of Binance, has publicly praised the Thai energy and infrastructure conglomerate GULF. This recognition follows a statement from GULF expressing readiness to assist Binance in navigating the aftermath of a significant cyberattack that resulted in losses of $6.3 billion. CZ highlighted that this is not the first instance of cooperation between the two entities, noting that GULF had previously offered liquidity support to Binance back in 2023 when the exchange faced regulatory fines in the United States. For residents and expatriates in Thailand, this development underscores the deepening strategic ties between major global digital asset platforms and prominent Thai corporate entities. While the partnership highlights GULF's role in the international financial technology landscape, the long-term implications for local digital asset services remain to be seen. Observers are currently waiting for further details regarding the specific nature of the assistance GULF may provide in response to this recent security breach. As the situation evolves, stakeholders are monitoring how this collaboration might influence the stability of digital asset operations within the region.
