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Learning & News => News related to Crypto => Topic started by: newshunter on September 29, 2020, 01:00:48 PM

Title: Why traders are not worried that the KuCoin hack will drop Ethereum price
Post by: newshunter on September 29, 2020, 01:00:48 PM

Why traders are not worried that the KuCoin hack will drop Ethereum price

After the $150 million KuCoin hack, traders appear unworried that open market sales by the hacker will drop Ethereum price.

Source: Why traders are not worried that the KuCoin hack will drop Ethereum price (https://cointelegraph.com/news/why-traders-are-not-worried-that-the-kucoin-hack-will-drop-ethereum-price)

Would appreciate your opinion about this

Title: Re: Why traders are not worried that the KuCoin hack will drop Ethereum price
Post by: MrSpasybo on September 29, 2020, 07:27:45 PM

The event that KuCoin was hacked only had a negative impact on the crypto market but was not enough to beat the current bullish trend. In addition to what the article said, the ability to trace stolen crypto assets also ensures that the victims will have a chance to get their assets back. It is clear that the trust of the community in crypto remains enormous, and the price of ERC-20 tokens has not been affected too much either.