Binance hack may be ‘temporary setback’ for crypto, Grayscale’s Pandl says
AI summary
Grayscale's Zach Pandl called the record $6.3 billion Binance hack a possible temporary setback for crypto, pointing to institutional custody safeguards as markets recovered some losses. The scale of the breach makes it one of the largest exchange incidents on record, and traders will watch whether institutional flows hold up and whether BNB and broader market confidence recover.
