The Fed and OCC probe vulnerabilities in U.S. banks after $6.3 billion was stolen from Binance
After a security incident, the market typically goes through three stages:
1) Panic: The news spreads and selling is most intense;
2) Digestion: How large are the losses relative to market cap, and will the stolen funds be dumped on the market?
3) Aftermath: The project’s progress on compensation determines whether confidence returns.
$BNB latest 691.26, 24h -3.89%. Don’t rush to buy the dip; wait until the second stage becomes clearer before reassessing.
After a security incident, the market typically goes through three stages:
1) Panic: The news spreads and selling is most intense;
2) Digestion: How large are the losses relative to market cap, and will the stolen funds be dumped on the market?
3) Aftermath: The project’s progress on compensation determines whether confidence returns.
$BNB latest 691.26, 24h -3.89%. Don’t rush to buy the dip; wait until the second stage becomes clearer before reassessing.
