Bitmine says muted market reaction to Binance hack signals crypto industry resilience
BMNR•Bitmine Chairman Thomas Lee said the market’s muted response to Binance’s $6.3 billion theft showed growing crypto industry resilience, noting ETH fell 4% since its disclosure compared with a 20% weekly decline after ByBit’s $1.5 billion hack in February 2025.
1. Lee cites market response
Bitmine Chairman Thomas Lee called the muted market response to Binance’s $6.3 billion theft a sign of growing cryptocurrency industry resilience. He said Binance could cover all customer losses and that no chain reaction of DeFi protocol failures occurred. Lee described the attack as corporate infiltration, not a blockchain vulnerability, and viewed the limited price declines as evidence of a bull market.
