Btc hack from Japani Exchange again or its a fud?
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
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