Bitcoin’s Resilience After $6.3B Binance Hack Explained by CZ
Photo: TheCoinrise
Former Binance CEO Changpeng Zhao offers his view on the market's muted reaction to a major exchange breach. A reported $6.3 billion hack targeting Binance has raised questions about why Bitcoin's price did not fall more sharply in response. Changpeng Zhao, the exchange's former chief executive, has publicly addressed the apparent disconnect between the scale of the breach and the market's reaction. Binance remains one of the largest cryptocurrency exchanges by trading volume. A security incident of this magnitude would typically be expected to rattle confidence across digital asset markets.
Source: TheCoinrise
