James Lavish
@jameslavish
CFA | Co-Managing Partner of Bitcoin Opportunity Fund | Board Director of Strive (NASDAQ: ASST) | Author of 💡The Informationist Newsletter
Joined August 2009
1.7K Following 173.4K Followers
Good evening.
To everyone reading about the $5.9 billion Binance hack and declaring cryptocurrencies and Bitcoin dead, two things:
1) Bitcoin itself was not hacked, an exchange managing cryptocurrency wallets and holding the keys was hacked.
2) Former CEO CZ says that he expects Binance to fully cover the losses with their $144B balance sheet.
This event in no way shape or form exposed or impaired the Bitcoin network.
Have a great night.
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