[Ballet Founder: Stolen Binance BTC Likely Unrecoverable; Crypto Market Can Withstand Hundreds of Billions of Dollars in Losses] According to a Bloomberg report on October 30th, Bobby Lee, founder of digital asset hardware wallet company Ballet, stated in an interview with Bloomberg TV that the Bitcoin stolen in the Binance security incident is likely unrecoverable, and the assets have fallen into the hands of hackers. He pointed out that stablecoins are currently the most realistic asset type with a chance of recovery, but freezing assets does not mean recovery is complete. Binance still needs to cooperate with law enforcement investigations and formally apply to claim the frozen assets. Bobby Lee also stated that the overall size of the crypto market has now reached trillions of dollars, making it more mature than in the past. Therefore, even with losses of $1 billion, $2 billion, or even $5 billion, the market has a stronger capacity to withstand such blows, and it is not an unbearable blow.