NFT Project SATO’s proof is ready to recover 1132 hacked BTC

Recently have Twitter the account “Where is my 1132 BTC” has received a lot of attention, describing the incident of 1132 BTC lost by hacking in a large centralized exchange Binance in 2018.

After the FTX flash crash, the security of centralized exchanges and the protection of user account assets have been a hot topic of concern.

With the help of friends, the victim of the hacking attack, Mr. Sato plans to launch an NFT project called Sato’s Proof, which harnesses the power of the web3 community in a decentralized manner.

Mr. Sato has been in continuous communication with the official Binance customer service and security departments since the hack of his Binance account in 2018. Unfortunately, despite repeated communications and a large amount of assistance material, even though Binance acknowledged its security issues, Mr. Sato has not received positive response from Binance until now.

On the one hand, Binance has published a lot about its security and the SAFU fund initiated to protect user assets, and on the other hand, Mr. Sato’s hack problem has not been properly resolved. In order to alert users about the safety of their assets, Sato now decided to share his experience with more people and hope it would help more people.

“I will use part of the recovered funds to reward Proof NFT holders who support, help, witness and respond to the issue. During the same time, it will be used as a start-up fund to support the development of the DAO organization, hoping to help more people or organizations with similar experiences. ‘

Proof NFT acts as an on-chain certificate for community members to participate in events and future rewards. It also records a large amount of related information about the event on the chain in the form of NFT. The holders and communities can assess the feasibility and results of the protection of the rights through the content of the NFT, and then assess the price of the NFT.

Mr. Sato, who has been dedicated to the game development industry, is well aware of the health of the crypto industry and its future development.

Therefore, he expressed the hope that in this way everyone can pay attention to the security of Crypto and centralized exchanges, and he hopes that the community can together uphold the rights and justice of industry users in the future.

Disclaimer: This is a paid post and should not be treated as news/advice