Bitcoin held up better than expected after Binance hack, Strive CEO says
Summary
Strive CEO Matt Cole said the $6.3 billion Binance hack has not changed his long-term Bitcoin investment case, arguing the breach targeted a company’s systems rather than Bitcoin’s network. Bitcoin traded around $77,400, about 4% below its pre-attack price. Cole said the relatively modest decline surprised him but cautioned that it was too early to identify a bottom. Glassnode called the breach the largest crypto hack on record, surpassing the $1.5 billion Bybit exploit. Binance said it found no evidence that wallet private keys were leaked, while its investigation continued. Blockaid said attackers appeared to compromise Binance’s transaction-signing process and that pre-signing checks might have prevented the malicious authorization.
