Grayscale’s Pandl: Binance hack may be ‘temporary setback’ for crypto

Cointime reports: Zach Pandl of Grayscale said the record $6.3 billion Binance hack may prove a “temporary setback” for crypto, pointing to institutional custody safeguards as markets recovered some losses. The hack is the largest on record by dollar value. Pandl’s comment came as crypto markets pared part of the losses triggered by the breach.