Michael Saylor · Strategy · Bitcoin.com News
Michael Saylor Sees Stronger Crypto Security After Binance’s $6.3 Billion Hack
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Michael Saylor expects the crypto industry to strengthen security after Binance’s $6.3 billion hack.
Key facts
- Saylor’s remarks followed Strategy’s record third-quarter results, announced Oct. 29, which included $20.91 billion in operating income and $44.75 in diluted earnings per share
- Strategy Inc. (Nasdaq: MSTR) Executive Chairman Michael Saylor said on Oct. 30 that the crypto industry would improve its defenses following Binance’s estimated $6.3 billion hack
- The exchange’s official security update, also dated Oct. 30, placed the hot-wallet compromise at approximately 8:05 p.m
- The company held 848,517 bitcoin as of Oct. 25, up 26% year to date
Summary
About $3 billion in stolen assets had been frozen, the exchange reported. Strategy Inc. (Nasdaq: MSTR) Executive Chairman Michael Saylor said on Oct. 30 that the crypto industry would improve its defenses following Binance’s estimated $6.3 billion hack. “Binance has committed its own balance sheet to making customers whole. The exchange’s official security update, also dated Oct. 30, placed the hot-wallet compromise at approximately 8:05 p.m.