CZ: Binance has funds to cover hacker losses, no domino effect in the industry

Techub News report, @cz_binance tweeted that the reason the market only fell 2-3% after suffering the largest crypto hack in history is that this incident will not trigger a domino effect. Unlike collapses such as FTX, this will not trigger chain bankruptcies, liquidations, and further losses within the industry. The funds were stolen from the world's largest exchange, Binance has funds to cover the losses, and other parties will not be harmed. Why should the market crash because of an isolated incident involving the industry's most well-funded participant? There is no contagion risk, no bankruptcy risk, no domino effect.