COINTELEGRAPH · 2026-11-04 11:12 UTC

Binance hack may be 'temporary setback' for crypto, Grayscale's Pandl says

Binance suffered a $6.3 billion hack attributed to North Korea; the exchange pledged to cover all customer losses. Grayscale's Pandl said the hack is a temporary setback that will strengthen security practices and highlights the value of institutional custody solutions. Crypto markets fell initially with Bitcoin below $77,000 and BNB down 8%, but recovered 2% by Wednesday to $2.63 trillion market cap.

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