Explaining the infrastructure bill’s impact on cryptocurrency

Explaining the infrastructure bill’s impact on cryptocurrency

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CoinDesk Learn Editor Ollie Leech explains why the cryptocurrency community isn't excited about the bipartisan infrastructure bill.

Video Transcript

- Something else to understand is what's going on in the Crypto Corner. And we want to bring in Ollie Leech, Coindesk Learn Editor. Lot to talk about here. I mean, I got Bitcoin back above $46,000. But I can't avoid the elephant in the room.

We saw the PolyNetwork, the decentralized finance platform that got hacked. Apparently, the hackers have returned, what, about a third of the 600 million that was stolen. But what is the message that this is sending to investors and to the crypto world?

OLLIE LEECH: Yeah, it's a really interesting story, actually. Like you said, you know, over $260 million has been returned. SlowMist, a blockchain-based security team was able to somehow uncover the hacker's mailbox, IP, fingerprints. And a lot of the industry got together-- [INAUDIBLE], Binance, a lot of these leading exchanges acknowledged the attack and were going to help blacklist these addresses to try and cut off the hackers' escape routes.

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