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Why Bitcoin shrugged off the largest crypto hack ever

Why Bitcoin shrugged off the largest crypto hack ever
Source: rande-academy.cz

Binance has suffered the largest crypto theft on record. Attackers moved about $6.36 billion out of the exchange's hot wallets - the internet-connected wallets used to pay out customer withdr

Summary

  • s hot-wallet signing infrastructure rather than a single stolen key. Binance
  • $6.3 billion is the biggest in USD terms, but not in BTC terms,
  • One of the largest crypto exchanges gets hacked for $6 billion and Bitcoin sold off less than 5%? Bullish.
  • s Security Council froze about $30 million in ETH and ARB. But frozen does not mean returned.
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