THE NATIONAL · 2026-10-31 04:07 UTC

How the Binance heist raises regulatory and investment questions

Binance, the world's largest crypto platform, suffered a hack affecting $6.3 billion in assets, with deposits and withdrawals suspended. Bitcoin fell to about $76,400 following the news; analysts say the incident could undermine confidence in digital assets and crypto-linked equities. Institutional investors are expected to become more selective about custody and counterparty risk, while regulators will likely scrutinize exchange security controls and loss absorption capacity.

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