Dragonfly Partner: The Binance Hack Incident Is Completely Different from the FTX Collapse, and the Crypto Industry Has Clearly Matured

Odaily reports: Dragonfly Managing Partner Haseeb Qureshi posted that after Binance suffered a hack of over $6 billion, the market reaction was completely different from the FTX collapse. Although the scale of funds involved in this incident was only about 25% lower than the funding gap left by FTX, Bitcoin and the broader crypto market fell by only a few percentage points, market sentiment was relatively calm, and dip-buying funds gradually entered; even with macroeconomic pressure, capital outflows were relatively mild, and the related tokens directly affected also showed some resilience.

Haseeb believes that the market has strong confidence in Binance as a company, and with all parties in the industry quickly coordinating and supporting one another, the market generally expects Binance to buy back the related assets and cover the losses. He said this incident reflects the maturity and progress of the crypto industry.