Coinbase leads crypto stock slide after Binance’s $6.3 billion hack
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Crypto-linked shares fell sharply on Friday after Binance confirmed hackers stole about $6.3 billion, the largest cryptocurrency theft on record. Coinbase dropped more than 13% a day after Q3 net revenue fell 34% year over year to $1.16 billion; Circle, Strategy, IREN and Figure fell roughly 8–10% or more. Coinbase reported $719 million net income, largely from crypto investment gains.
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