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

[newshunter]

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

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[MrSpasybo]

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.