According to Bloomberg, citing a report from Jefferies LLC, a hack involving nearly $300 million targeting small crypto projects last weekend, followed by the largest decentralized lending platform's $10 billion bank run, may weaken Wall Street's interest in blockchain technology. Jefferies' digital asset research team analyst Andrew Moss pointed out that over the past year, banks, asset management firms, and payment institutions have been developing blockchain products similar to the technology systems exploited by North Korean hackers this time. The report suggests that while such incidents are unlikely to directly impact traditional financial markets, it warns that traditional financial institutions may pause related processes and reassess risks before further advancing blockchain businesses.

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