Binance Hack Prompts Unaffected Firm to Weigh Bitcoin Sale

Key Takeaways None of its 5,833 BTC sat at Binance. Board lets CEO sell or pledge in tranches. Bitcoin holders’ losses jumped two days after the hack. No sale or pledge has happened yet. The Nasdaq-listed company’s October 30 announcement gives its chief executive discretion to act in one or more tranches and makes no commitment that any transaction will take place. Why a company with nothing at Binance is reacting The board said its decision followed a review of the Binance incident and reflected a wish to reduce risk and improve liquidity, citing exchange vulnerabilities and, more unusually, potential…