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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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• Binance hack may be temporary setback for crypto, Grayscale says Grayscale calls Binance's $6.3 billion hack a possible temporary setback as crypto markets rebound and attention turns to custody security. https:// newisty.com/blog/binance-hack-… · newisty

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