During an AMA session, Zhao apologized for the hack and for having to shut down withdrawals.
Anyway, now, Zhao addresses what his first thoughts were when he learned what happened and the final lesson that has to be understood.
The Daily Hodl reports that CZ’s first thought after the massive hack that took place can be described in a single word: “F*ck.”
He reportedly said, “I am not gonna deny it. My first reaction was: ‘F*ck!’, the second and third reactions were also the same. A few moments after that, I began to come to terms with it, ‘Well that sucks! What do we do now?”
He continued and said, “After 10 seconds of the ‘F*ck, F*ck, F*ck’ state, I did a quick mental calculation. 7000 BTC, fine, I know we have more than that in our own BTC funds alone. There is enough. A second calculation eased my mind, this was about the same as a quarterly burn we did about a year ago, not such a big deal.”