[Hashib Qureshi: Market Reaction After Binance Hack Calm Compared to FTX Incident, Industry Has Matured] Dragonfly Managing Partner Hashib Qureshi stated that the market reaction to the Binance hack differed from that of the FTX incident. The market only dropped a few percentage points, sentiment was calm, and bargain hunters continued to pour in. Although the losses from the theft were slightly over $6 billion, only about 25% less than the FTX funding gap, the market has a high opinion of Binance's business reputation, and the industry is cooperating with each other, reflecting that the industry has matured.