Can a US$6.3 billion Binance hack be business as usual in crypto world?

In a commentary, SMU Presidential Assistant Professor of Anthropology Al Lim opined that how Binance navigates the US$6.3 billion (S$8 billion) hack could shape confidence in crypto’s future, and that covering losses matters, but so do transparency and accountability. He noted that Binance can mobilise more than US$6 billion to replace stolen assets, which is both reassuring and unsettling for what it reveals about how much power has become concentrated in institutions built on decentralised technology.