Home TECHNOLOGY & AI Cybersecurity Binance hack seen as cybersecurity issue, not B…

Binance hack seen as cybersecurity issue, not B…

Binance hack seen as cybersecurity issue, not Bitcoin flaw, says Bitwise CIO Matt Hougan.
Binance hack seen as cybersecurity issue, not B...
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Original Coverage & Source Attribution: pluang.com

Binance moves $1.69B in Bitcoin from cold to hot wallet, possibly for user loss coverage

Binance transferred about 21,750 Bitcoin, valued at roughly $1.69 billion, from a cold wallet to a hot wallet. This move may be related to covering user losses, but Binance has not officially confirmed this purpose. The transfer confirms the amount a…

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