---
title: "Worried About Crypto Hacks? Buy Bitcoin Proxies in Stock Market Instead, Say Wall Street Firms"
url: https://thecoingazette.com/worried-about-crypto-hacks-buy-bitcoin-proxies-in-stock-market-instead-say-wall-street-firms/
date: 2026-10-30
modified: 2026-10-30
lang: en
author: "Coin Gazette Editorial"
description: "Analysts at Cantor Fitzgerald, TD Cowen and Compass Point say the record $6.4 billion theft is a Binance security failure, not a crypto-wide threat, pointing clients toward proxies like Coinbase,..."
categories:
  - "Business"
word_count: 33
---

# Worried About Crypto Hacks? Buy Bitcoin Proxies in Stock Market Instead, Say Wall Street Firms

Analysts at Cantor Fitzgerald, TD Cowen and Compass Point say the record $6.4 billion theft is a Binance security failure, not a crypto-wide threat, pointing clients toward proxies like Coinbase, Robinhood, and Strategy.