Blockaid Co-Founder Says Binance Hack Could Have Been Prevented

Blockaid co-founder Ido Ben-Natan believes the Binance hack could have been detected and potentially prevented before the malicious transaction was approved.
He points to transaction simulation and validation tools that can identify suspicious activity before users or exchange operators sign a transaction.
According to Ben-Natan, this security layer should become standard practice for exchange wallets, regardless of whether they use Multi-Party Computation (MPC) or multisignature (multisig) technology.
His comments highlight the importance of proactive transaction security rather than relying solely on monitoring after funds have been transferred.
As crypto attacks become increasingly sophisticated, pre-signing transaction validation could play a critical role in protecting exchange assets.