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Strive CEO Says Bitcoin Resilient After $6.3 Billion Binance Hack

Summary: Strive CEO Matt Cole argues Bitcoin's resilience after the $6.3 billion Binance hack supports its long-term thesis, comparing the breach to a bank robbery rather than a network failure. Despite the historic scale of the exploit, Bitcoin traded near $77,400, showing less volatility than previous exchange incidents.

CoinQi ·

Binance Suffers Record $6.4 Billion Hack Attributed to North Korean Group

Summary: Attackers stole $6.4 billion from Binance in the largest crypto hack ever, attributed to North Korean group TraderTraitor. Binance covers losses via reserves, freezing withdrawals, while stablecoin issuers froze $3 billion; law enforcement investigates the remaining $3.3 billion in loose assets.

CoinQi ·