$41 Million Binance Heist Will Trigger Regulators, Warns Billionaire Bitcoin Bull

By CCN.com: Bitcoin bull and the CEO of digital assets merchant bank Galaxy Digital, Michael Novogratz, has warned that the hacking suffered by the world’s largest cryptocurrency exchange Binance could invite more investor scrutiny. In Novogratz’s view, this can only be bad for the industry. Binance Loses 7074 Bitcoins The crypto bull was reacting to Binance’s statement that the attackers had targeted the exchange’s bitcoin hot wallet. The exchange lost about 2 percent of its total bitcoin holdings. 2 percent is a lot when your the worlds largest crypto exchange. No way to spin this as good. Will certainly bring

The post $41 Million Binance Heist Will Trigger Regulators, Warns Billionaire Bitcoin Bull appeared first on CCN

Source: https://www.ccn.com/billionaire-bitcoin-bull-warns-binance-heist-regulator-scrutiny

Stay up to date

on all important crypto news!

The most important news, once a week. No spam.