COINTELEGRAPH · 2026-10-30 17:48 UTC

Coinbase leads crypto stock selloff following $6.3B Binance hack

Coinbase shares fell 13% Friday following a $6.3 billion hack at Binance, the largest cryptocurrency theft on record. Other crypto stocks declined sharply: Circle (CRCL) down 9%, MicroStrategy (MSTR) down 8%, IREN down 10%, and Figure (FIGR) down 9%. Coinbase reported Q3 net income of $719 million boosted by $715 million in crypto gains, but net revenue fell 34% year-over-year to $1.16 billion.

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