RE: Around $7.4M STOLEN In Ethereum From Coindash ICO!

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Around $7.4M STOLEN In Ethereum From Coindash ICO!

in ethereum •  8 years ago 

Maybe this is a stupid question but I dont understand how one theft affects the ethereum price as a whole. I have been hearing that the dip in ether price is dorectly caused by this incident. Why though? I mean for example a bank being robbed doesnt bring the dollar value down does it? No matter hoa much money is stollen. Can someone explain?

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Because it knocks investors faith in security therefore they sell and the price drops!