---
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"
image: https://ml4qjcb2qgrx.i.optimole.com/w:auto/h:auto/q:mauto/f:best/https://i0.wp.com/thecoingazette.com/wp-content/uploads/2026/05/logo-with-slogan-1.webp?fit=1400,960&ssl=1
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.