Binance Hack: Coinbase, Strategy and Robinhood Shares Fall as Bitcoin Slips
Photo: CoinCentral
TLDR Crypto stocks fell on Oct. 30 after a $6.3 billion security breach at Binance, with Coinbase down as much as 12.54%. Binance reserved more than $6.34 billion of company funds and says about $3 billion of the stolen assets are frozen. Analysts at Cantor Fitzgerald, TD Cowen and Compass Point said the hack is unlikely to derail the crypto market. Coinbase reported third-quarter transaction revenue of $590.2 million, down 44% from a year earlier. Bitcoin traded near $77,454, down about 5% on the day. Crypto stocks fell sharply on Oct. 30 after a $6.3 billion security breach at Binance.
Also reported by The Defiant.
Source: CoinCentral
