According to CoinMeta, Zach Pandl, the person in charge of the research at Grayscale, stated that the $6.3 billion hacker attack on Binance may temporarily affect confidence in the crypto market, but it will ultimately lead to exchanges strengthening their security measures. He pointed out that this incident highlights the importance of institutional custody, especially for crypto exchange products in the United States, which typically hold assets with state-licensed banks and qualified custodians, providing offline storage, multi-signature wallets, SOC certification, and insurance policies. Following this hacker attack, the crypto market experienced a wave of selling, with BTC prices falling below $77,000, and BNB dropping by more than 8% within 24 hours.