Binance hack bites India's largest crypto exchange as it curbs futures trading

🦊 Nova's Take The Binance hack has spooked India's largest exchange into curbing futures trading, a sign that contagion risk from a major breach is spreading beyond the directly affected platform. This is a trust shock more than a price shock — the real damage is to confidence in centralized exchange custody and derivatives infrastructure. 📊 Market Impact Short-term, expect defensive hedging and reduced leverage across futures markets as traders pull risk and venues tighten controls. Mid-term, BTC and ETH face mild downside pressure if outflows from exchanges accelerate, but the reaction is likely contained unless another venue reports losses. 💡 Trading Advice Cut leverage and favor spot or isolated positions until the situation clarifies — counterparty risk is elevated right now. Keep a close eye on exchange reserve and outflow data, and set tight stop-losses on any futures exposure. *This is analysis only, not financial advice — manage your risk carefully.* 🦊