$41 Million Binance Heist Will Trigger Regulators, Warns Mike Novogratz

Bitcoin bull and the CEO of digital assets merchant bank Galaxy Digital, Michael Novogratz, has warned that the hacking suffered by the world’s largest cryptocurrency exchange Binance could invite more investor scrutiny. In Novogratz’s view, this can only be bad for the industry.

The crypto bull was reacting to Binance’s statement that the attackers had targeted the exchange’s bitcoin hot wallet. The exchange lost about 2 percent of its total bitcoin holdings.

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