Mmastodon BusinessCrypto first seen 23 h ago, last 20 h ago, peak #3
Grayscale calls Binance hack a temporary setback for crypto
Original: Binance hack may be temporary setback for crypto, Grayscale says Grayscale calls Binance's $6.3 billion hack a possible
Asset manager Grayscale says the hack that hit Binance, reportedly involving $6.3 billion, may be only a temporary setback for the cryptocurrency sector. The remarks came as crypto markets showed signs of rebounding and discussion shifted toward improving custody security across exchanges. Industry watchers are treating the incident as a stress test for confidence in major trading platforms.
Why now: The scale of the Binance breach and its impact on market confidence have put exchange security back in focus.
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