Bitwise CIO: Binance $6.3B Hack Will Not Change Bitcoin's Long-Term Trend, But Short-Term ETF Capital Flows Remain Under Observation
TechFlow reported on November 2 that, according to BeInCrypto, Bitwise Chief Investment Officer Matt Hougan stated that if a $6.3 billion hack of the same scale had occurred ten years ago, it would have been enough to bankrupt Binance. However, this is now regarded as a traditional cybersecurity incident rather than a vulnerability inherent to the Bitcoin blockchain itself, and it will not alter Bitcoin's long-term trajectory.
TechFlow reported on November 2 that, according to BeInCrypto, Bitwise Chief Investment Officer Matt Hougan stated that if a $6.3 billion hack of the same scale had occurred ten years ago, it would have been enough to bankrupt Binance. However, this is now regarded as a traditional cybersecurity incident rather than a vulnerability inherent to the Bitcoin blockchain itself, and it will not alter Bitcoin's long-term trajectory.
