Binance Hack Raises the Bar for Platforms to Ride Next Crypto Wave — Market Talk
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, transparency and independently verifiable safeguards, rather than just liquidity and execution, he says. "Trust can no longer be assumed; it has to be earned," Ahuja says. ([email protected])