Bitwise CIO: Binance $6.3B Hack Will Not Change Bitcoin's Long-Term Trend, But Short-Term ETF Capital Flows Remain Under Observation
According to BeInCrypto, Bitwise Chief Investment Officer Matt Hougan stated that if a $6.3 billion hack of the same scale occurred ten years ago, it would have been enough to bankrupt Binance. However, today this is a traditional cybersecurity incident, not a vulnerability in the Bitcoin blockchain itself, and will not change Bitcoin's long-term trajectory.
