Strive CEO Matt Cole said the Binance hack has not changed his long-term investment case for Bitcoin, though it is too early to determine whether prices have bottomed. Bitcoin traded near $77,400 on Saturday afternoon, about 4% below its level before the attack began on Thursday, according to CoinGecko. Glassnode said the $6.3 billion breach is the largest cryptocurrency hack on record, exceeding the combined losses of the next nine largest hacks. Cole likened the attack to a bank robbery rather than a failure of Bitcoin's network, and Strive reported holding 43,000 BTC as of Oct. 23.
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bitcoinBinancecryptocybersecurity
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Related tickers and likely impact
BTC/USDT
▲ Likely positiveBitcoin
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/30/2026 | 77,368.77 |
| Change that session | -0.80% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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