Bonk Guy: Binance Hack Unlikely to Trigger Systemic Risk

Odaily reports that Bonk Guy posted on X stating that the Binance incident is unlikely to trigger systemic risk. Binance is reportedly generating annual revenue of approximately $16-17 billion, and nearly half of the funds involved in this incident have already been frozen or may be recovered. The amount that may ultimately be unrecoverable is approximately $3.2 billion, equivalent to about 2 to 2.5 months of Binance's revenue, which remains manageable relative to its operating scale.

Bonk Guy noted that both Changpeng Zhao (CZ) and He Yi have publicly stated that user funds are safe and that all losses will be fully covered. He believes the likelihood of systemic risk and a bank run is extremely low, and that the market should be more vigilant about panic selling and media overhyping, reminding investors not to make trading decisions based on panic sentiment.