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Bitwise CIO Says Binance Security Issue Won’t Change Bitcoin (BTC) Outlook

Matt Hougan described the matter as a conventional cybersecurity event, separate from a flaw in Bitcoin’s blockchain.

By Token Post
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A steel security door stands beside a row of intact stone blocks / TokenPost.ai
A steel security door stands beside a row of intact stone blocks / TokenPost.ai

Bitwise Chief Investment Officer Matt Hougan framed the Binance matter as a conventional cybersecurity event, separate from a flaw in Bitcoin (BTC)’s blockchain. He said it would not change Bitcoin’s long-term direction.

Hougan said a hypothetical $6.3 billion hack 10 years ago would have been enough to bankrupt Binance. The figure was part of his hypothetical comparison.

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