Binance hack may be ‘temporary setback’ for crypto, Grayscale’s Pandl says

Key points

• Grayscale Head of Research Zach Pandl stated that the recent record six point three billion dollar Binance hack might only prove to be a temporary setback for the broader cryptocurrency industry.
• He emphasized the importance of institutional custody safeguards as crypto markets began recovering a portion of their losses following the massive security breach.

Summarized automatically by Kryptokite from reporting by Cointelegraph. Read the original sources for full detail.