Nothing travels faster than bad news. Buyers in other markets are shaken because all crypto is based upon the same basic premeses. The implementations differ, but they are the same kind of thing. So if a heist happens to one, fear grips the others. You didn't see other assets drop similarly because they do not share any commonality to cryptos. If this were a big enough deal I'd expect to see an uptick in gold as people temporarily exit crypto to watch and see if it's all OK - and then pop back in later. But a heist on an exchange isn't a big enough deal.I think this also shows uncertainty and maybe overextension. The higher they go the more people will be on edge to protect their wealth.The thing that gets me is that they have this email being sent out, when it should be automated. Those coins are probably all laundered already. Happened at light speed dontchaknow.
@zer0hedge
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Ya, word travels fast and any news of regulation or hacks or theft reaches most who are in crypto. These exchanges need their security in order, first and foremost.
Yeah I agree with u.