Bloomberg: Nearly $300 million in crypto hacking attacks last weekend may dampen Wall Street's interest in blockchain technology

ChainCatcher news, Bloomberg citing a Jefferies LLC report states that a hacker attack last weekend drained nearly $300 million from a small crypto project, and the resulting $10 billion liquidity crisis at the largest decentralized lending platform may slow Wall Street’s interest in blockchain technology.

Jefferies’ digital asset research team analyst Andrew Moss pointed out that banks, asset management firms, and payment institutions have been developing blockchain products similar to the technology systems exploited by North Korean hackers over the past year.

Although the report believes this incident is unlikely to affect traditional financial markets, it warns that traditional financial institutions may pause and reassess related risks before further advancing blockchain initiatives.