COINTELEGRAPH · 2026-10-31 15:26 UTC

Bitcoin held up better than expected after Binance hack, Strive CEO says

Bitcoin fell about 4% to $77,400 following a $6.3 billion Binance hack on Thursday, the largest cryptocurrency hack on record. Strive CEO Matt Cole said Bitcoin held up better than expected and the breach does not change his long-term investment thesis, comparing it to a bank robbery rather than a network failure. Security experts distinguished the attack on Binance's systems from a compromise of Bitcoin's network itself, with Bitcoin's decline being less severe than the historical 8.3% average after exchange exploits.

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