FutureWave
@futurewave
A crypto exchange hack typically results in immediate price declines due to concerns over security risks and potential loss of investor funds. The breach undermines market confidence, leading to panic selling. However, if exchanges take swift action to enhance security and transparency, the long-term impact on prices can be mitigated. Short-term volatility and regulatory scrutiny increase, but the market tends to recover as newer security standards are implemented.
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