Tom Lee’s Surprising Comment After the Binance Hack: “A Sign of a Bull Market”

Bitmine Chairman Tom Lee assessed the cryptocurrency market's reaction to the multi-billion dollar attack on Binance positively. According to Lee, despite the magnitude of the attack, the limited decline in prices shows the sector's increased resilience. In a statement released by the company today, Lee made a comparison to the Bybit attack in February 2025. He recalled that Ethereum fell by 8 percent on the day the Bybit incident was announced, and by 20 percent within a week. He noted that ETH experienced a drop of approximately 4 percent after the Binance attack was announced.