Worried About Crypto Hacks? Buy Bitcoin Proxies in Stock Market Instead, Say Wall Street Firms

Analysts at three Wall Street firms argue that a record $6.4 billion theft points to a security failure at Binance rather than a wider problem for crypto. They are suggesting investors consider stock-market proxies such as Coinbase, Robinhood and Strategy instead. Bitcoin was at $76,943 when the story was published and has since moved 0.0%.