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Custodia CEO Comments on Reported $6 Billion Binance Hack
(4 hours ago) · 1 source · Summarized by CryptoBipto
Custodia Bank CEO has reportedly shared two reasons why a reported $6 billion hack of Binance could reshape the cryptocurrency industry. Details of the hack and the full scope of its impact remain unclear from the available information.
WHY IT MATTERS
When you keep cryptocurrency on an exchange like Binance, the exchange holds your coins for you, similar to how a bank holds your money.
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SOURCES
- beincrypto.com
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BNBExchange SecurityCustodyBinanceSelf-CustodyHacks
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