Binance Hack Shifts Investor Focus to Custody and Security — Market Talk
The $6.3 billion Binance hack is a reminder that the biggest vulnerability in crypto is the infrastructure and operational controls around the blockchain, not the blockchain itself, Moon Pursuit Capital's Utkarsh Ahuja says in a note. For institutional investors, it highlights the need for independent custody, segregated assets, multi-layered transaction authorization and limiting exposure to a single exchange, he says. For retail investors, this should advance the conversation around safer custody solutions for everyone, Ahuja says. ([email protected])