Binance hack may be ‘temporary setback’ for crypto, Grayscale’s Pandl says
Summary
Grayscale strategist Zach Pandl believes the massive Binance hack could prove to be a short-term hurdle for the digital asset sector. He pointed to institutional custody protections as the market worked to regain its footing after the cyber incident.
Zach Pandl highlighted institutional custody safeguards as crypto markets recovered some losses following the record $6.3 billion Binance hack.
Source: Read the full story at Cointelegraph.com News
Disclaimer: This content is for informational and educational purposes only and is not financial, investment or trading advice. Tech & Money Press is not a registered investment adviser or broker-dealer. Trading stocks, options and crypto involves substantial risk, including the loss of your entire investment. Do your own research and consult a licensed professional before making any financial decision. The authors may hold positions in the securities mentioned. News summaries are written with AI assistance from the original publisher's report and may contain errors; always check the original source. Full disclaimer.