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

Wall Street analysts are telling clients the record-breaking hack of Binance is a buying opportunity, not a reason to flee, urging investors to scoop up crypto-linked stocks while prices are depressed. Analysts at Cantor Fitzgerald, TD Cowen, and Compass Point said in Friday research notes that the roughly $6.3 billion theft, the largest crypto hack ever, is unlikely to derail the broader market’s recovery. Myriad: Which company will IPO next? Click to make your prediction. The reassurance came...