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Crypto stocks tumble as Coinbase loses 12.5% after Binance hack
Crypto stocks have fallen as much as 12.54% in Oct. 30 trading, with Coinbase leading the losses following its quarterly earnings release and Binance’s $6.3 billion security breach. Market data at around 11:25 a.m. EDT on Oct.
Why it matters
Loss events reprice related tokens and counterparties first. Confirm what was taken, what was recovered, and whether a chain or a custodian is in scope.
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Dextape context
Built from Dextape’s own wire, stories and glossary.
Dextape story on this event
Binance hot wallet theft estimated at $6.3 billion, analysts link it to North Korea