Will the Binance & polymarket attacks crash the crypto markets and stock markets

[EarnOnVictor]

So Binance crushed for billions and now polymarket hacked.  will this crash both crypto and stocks?

I said yes.

It's a No, bro!
If anything, none of both Binance and Polymarket have anything significant linking them to the stock market to warrant crashing it. And in crypto market where they have the link, the impact/size of the hacking/theft is insignificant to warrant that. What happened was not an entire company collapse.

[leea-1334]

this is not the first time this is not the second time this is the third time

  40 mill
570 mill
    6.3 bill

basically how on earth do they stay in business with such terrible  security.

And for first time SAFU could not cover everything (they said it was liquidity but I think less) and now only topped up 1B,,, CEO went to fake jail, out and on Twitter promoting, everything just moving along, blame North Korea and still allowed to do their obviously poor business practice. If this was a government, charity or public funding, people would be burning the house of the CEO.

[sunsilk]

I voted for not sure and will watch what happens next like a hawk. I don't know if both markets will crash due to these hacking incidents.

IIRC, when the other exchange were hacked they're not as big as binance's but the market didn't moved a lot at all. The price crashed somehow but it's not too damaging.

The decline is seen on bitcoin but like in the other hacks, it's not damaging at all. We can tolerate the crash that it had impacted for bitcoin.

I'm not even waiting to see a heavier damage to the market, for bitcoin and even on the stocks. Its situation now is calm and better behave like it is.