Grayscale says $6.3 billion Binance hack may be a temporary setback for crypto
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Grayscale’s Zach Pandl said Binance’s record $6.3 billion hack could briefly weaken confidence but ultimately improve exchange security. Binance pledged to cover customer losses. Crypto market value rebounded 2% to $2.63 trillion by Wednesday after falling to about $2.55 trillion.
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