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$40M in theft for a $200B market cap coin is trivial and should have almost no bearing on the price. When someone does a bank heist USD doesn't get devalued
by perseusmandate 7y ago
$40M in theft for a $200B market cap coin is trivial and should have almost no bearing on the price.
When someone does a bank heist USD doesn't get devalued
- JumpCrisscross 7y ago> When someone does a bank heist USD doesn't get devalued This is a bad comparison. If a bank experiences a sizable heist, their stock price will probably fall because shareholders eat dirt before depositors. Such explicit seniority doesn't exist in the cryptospace, however, so depositors would probably eat dirt alongside the exchange.
- perseusmandate 7y agoWhat you said still doesn't make sense. Binance coin lost value accordingly, why would the underlying asset stored in the bank lose value?