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Laura Shin: Institutions focus on ETFs and cold storage despite recent crypto hacks

Laura Shin: Institutions focus on ETFs and cold storage despite recent crypto hacks
Institutions look past crypto hacks

Institutions are paying attention to ETFs and institutional cold storage rather than recent major crypto hacks, according to Matt Hougan. Laura Shin reported that while there has been a series of significant crypto security breaches this year, these incidents have not been a primary concern among institutional participants, who are more focused on ETF products and the strong track record of institutional cold storage solutions.

Earlier this year, critics questioned whether the $250,000 payout for the XRP Ledger infinite mint bug matched standards seen in tech, with comparisons drawn to Google rewards in $250,000 for XRP Ledger bug equals Google Chrome payout. Laura Shin also reported on Papertrade.xyz’s decision to end token transferability after users sought quick profits, as detailed in Papertrade.xyz halted token transferability after people deposited seeking quick gains. These incidents contribute to ongoing scrutiny of crypto security and platform responses.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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