Btc hack from Japani Exchange again or its a fud?

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Btc hack from Japani Exchange again or its a fud?

4,502.9 BTC ($305 million) was stolen from the Japan exchange.

https://www.coindesk.com/business/2024/05/31/japanese-crypto-exchange-dmm-bitcoin-suffers-305m-hack/

Reshantha De silva Answered question June 4, 2024
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Well, I think that the bull run has something to do with why there is not that much affection at all.

Hacks like this if happened on a bear market, you will definitely see a price reaction for Bitcoin and as well as the market.

And that will also spread fear all over the community and it will create a selling force that will lessen the demand and price.

Reshantha De silva Answered question June 4, 2024
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The exchange hack was 3 days ago but bitcoin price has not been affected till now. We are not in the days of Mt. Gox exchange again that a single exchange has 70% of the total bitcoin. We have hundreds of exchanges now and such news is not affecting the crypto market anymore.

Although the main reason is that the is not a common a exchange like Binance. But if Binance or a very common exchange is hacked, the effect would be almost insignificant also. Bitcoin will drop just little in price and increase again.

Trevor Moraes Answered question June 4, 2024
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You should correct your total because you got me searching “japani” exchange that is non-existent which I thought an actual exchange.

Reading the news, Seems like a legit hacking incident besides there’s no point on creating a news about hacked exchange just to FUD because that’s not working anymore. And who the heck will create FUD by inventing exchange hack news? To dumb Bitcoin price? This strategy is very outdated.

Dilshan Tharindu Perera Answered question June 4, 2024
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