#Btc #Eth OneKey CEO warns that North Korean hackers may target BlackRock’s IBIT Bitcoin ETF after the reported Binance hack.
IBIT reportedly holds nearly 815,000 BTC ($63 billion).
* Coinbase is its sole custodian, creating a potential single point of failure.
* A major security breach could trigger institutional panic and heavy market selling.
* Unlike stablecoins, stolen Bitcoin cannot be frozen.
Market Risk: Another major security incident could increase fear, weaken investor confidence and put additional pressure on BTC and altcoins.
IBIT reportedly holds nearly 815,000 BTC ($63 billion).
* Coinbase is its sole custodian, creating a potential single point of failure.
* A major security breach could trigger institutional panic and heavy market selling.
* Unlike stablecoins, stolen Bitcoin cannot be frozen.
Market Risk: Another major security incident could increase fear, weaken investor confidence and put additional pressure on BTC and altcoins.