Tom Lee: The market has become more resilient to hacks
According to him, crypto is now much more resilient to major shocks and remains in an uptrend.
In the largest hack in history, ETH fell only -4%. Back in Feb 2025, Bybit lost $1.5B, ETH dropped -8% in a day and 20% a week later.
He thinks there are 5 main reasons:
• Binance can fully cover all customer losses.
• No cascading chain of incidents in DeFi followed.
• The whole industry coordinated quickly, helping cut potential damage by 50%.
• The FBI quickly identified who was behind it.
• The hacker attacked Binance's internal systems, not a blockchain vulnerability.
In addition, Bitmine also bought a small additional 8,573 ETH ($20M), still more than 50,000 ETH away from its target of 5% of total supply.
👇 TRADE ETH HERE 👇
$ETH
According to him, crypto is now much more resilient to major shocks and remains in an uptrend.
In the largest hack in history, ETH fell only -4%. Back in Feb 2025, Bybit lost $1.5B, ETH dropped -8% in a day and 20% a week later.
He thinks there are 5 main reasons:
• Binance can fully cover all customer losses.
• No cascading chain of incidents in DeFi followed.
• The whole industry coordinated quickly, helping cut potential damage by 50%.
• The FBI quickly identified who was behind it.
• The hacker attacked Binance's internal systems, not a blockchain vulnerability.
In addition, Bitmine also bought a small additional 8,573 ETH ($20M), still more than 50,000 ETH away from its target of 5% of total supply.
👇 TRADE ETH HERE 👇
$ETH
