📉 Why Is Bitcoin’s Price Impact Small?🎈
- $6.3B is huge in USD, but Mt. Gox lost 650,000 $BTC .
- Mt. Gox’s losses exceeded 5% of Bitcoin’s total supply.
- User impact matters: Mt. Gox and FTX affected users across their platforms.
- Binance says its own hot wallet was affected, limiting direct user exposure.
🚨 A major industry setback, but protecting users comes first.
- $6.3B is huge in USD, but Mt. Gox lost 650,000 $BTC .
- Mt. Gox’s losses exceeded 5% of Bitcoin’s total supply.
- User impact matters: Mt. Gox and FTX affected users across their platforms.
- Binance says its own hot wallet was affected, limiting direct user exposure.
🚨 A major industry setback, but protecting users comes first.
