$AIN Saw a few discussions about size of hack, why impact to bitcoin price is small, etc. 👇
$6.3 billion is the biggest in USD terms, but not in BTC terms. MtGox was 650,000 BTC!
Other important numbers to consider:
% of bitcoin (in relation to BTC total supply), ie, market impact. MtGox is big there again at 5%+.
Number of users impacted, and % of user assets impacted. MtGox (the largest CEX at the time) and FTX (not small) were all near 100% of users and their asseets.🤑🤑🤧$BNB
Most important: Who is impacted? Does the platform cover it all? (only one victim), as in recent two CEX cases and Binance.
Obviously, still a major disaster for the industry, Binance (and me). It hurts, but we survive.
Most importantly, we protect our users.
🤑🤑🤑
$6.3 billion is the biggest in USD terms, but not in BTC terms. MtGox was 650,000 BTC!
Other important numbers to consider:
% of bitcoin (in relation to BTC total supply), ie, market impact. MtGox is big there again at 5%+.
Number of users impacted, and % of user assets impacted. MtGox (the largest CEX at the time) and FTX (not small) were all near 100% of users and their asseets.🤑🤑🤧$BNB
Most important: Who is impacted? Does the platform cover it all? (only one victim), as in recent two CEX cases and Binance.
Obviously, still a major disaster for the industry, Binance (and me). It hurts, but we survive.
Most importantly, we protect our users.
🤑🤑🤑
