BlackRock bitcoin fund faces security warnings after exchange hack
Image: Bitcoin.com NewsUS spot Bitcoin ETFs recorded their largest one-day outflow since June 25 following a major cryptocurrency exchange hack. Industry figures warned that large funds such as BlackRock's IBIT could become targets for North Korean hackers. BlackRock's IBIT lost $233.7 million during the outflows, while Bitcoin traded at $78,210.
Key points
- OneKey CEO Yishi Wang warned that BlackRock's IBIT could face hacker attacks.
- Industry figures warned that large funds such as BlackRock's IBIT could become targets for North Korean hackers.
Why it matters
Market participants monitor large ETF outflows and custody security concentrations following major exchange hacks, which influence short-term fund flows and trading activity.
Price context · BTC
At publication
$77,914.00
Now
$77,869.00
Change since
−0.06%
7 days · dashed line = publication
Sources · 2 publishers
99Bitcoins
Tier 3
BTC USD Holds $78,000 As OneKey’s Founder Warns North Korean Hackers May Already Have BlackRock’s IBIT on Their List
Coverage timeline
- First reported by Bitcoin.com News
- Also reported by 99Bitcoins
- CryptoVideos brief published
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NEXO
−0.6%
