Hackers linked to the Binance attack transferred approximately $38 million via Relay within 7 hours, raising questions about the KYT mechanism.
After a security incident, the market usually goes through three stages:
1) Immediate reaction: the news hits, and selling is at its most intense;
2) Assessment: how large the loss is relative to market cap, and whether the stolen funds will be dumped on the market;
3) Recovery: the project team's response determines whether confidence returns.
$BNB Current price: 714.11, 24h: +1.21%. Don't rush to conclusions—wait until the second stage becomes clearer before taking another look.
#BNB
Make your own decisions when buying or selling; don't follow the crowd blindly.
After a security incident, the market usually goes through three stages:
1) Immediate reaction: the news hits, and selling is at its most intense;
2) Assessment: how large the loss is relative to market cap, and whether the stolen funds will be dumped on the market;
3) Recovery: the project team's response determines whether confidence returns.
$BNB Current price: 714.11, 24h: +1.21%. Don't rush to conclusions—wait until the second stage becomes clearer before taking another look.
#BNB
Make your own decisions when buying or selling; don't follow the crowd blindly.
