Analyst Says Binance Hack Highlights Crypto Custody Risks
Moon Pursuit Capital's Utkarsh Ahuja says the $6.3 billion hack highlights vulnerabilities in crypto infrastructure and operational controls.
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04:05:03 PM UTC
SquawkNews
The long-term investment thesis for crypto isn't changed by the $6.3 billion Binance hack, but the bar is raised for platforms that want to ride the next wave of growth, Moon Pursuit Capital's Utkarsh Ahuja says in a note. Investors will start to favor platforms that demonstrate robust security, tr…