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Bitwise CIO: Binance's $6.3 billion theft does not change Bitcoin's long-term trend

2026-11-02 10:07:31

According to BeInCrypto, Matt Hougan, Chief Investment Officer of the cryptocurrency asset management company Bitwise, stated that if a hacker attack of the same scale, amounting to $6.3 billion, had occurred ten years ago, it would have been enough to cause Binance to collapse.

Matt Hougan mentioned that this is now considered a traditional cybersecurity incident and not a vulnerability of the Bitcoin blockchain itself, and it will not change the long-term trend of Bitcoin.

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