Crypto-linked stocks fall after $6.3 bln Binance theft

Strategy

30/10/2026 08:53

** Cryptocurrency and blockchain-related firms slide in premarket trading 
** Hackers stole $6.3 bln from Binance, the world's biggest cryptocurrency exchange, in a record theft that analysts pinned on North Korea 
** Binance halted withdrawals, said it would cover losses; about $3 bln of lost assets located
** Stablecoin issuers Tether and Circle froze nearly $1.57 bln and $800 mln in assets linked to the incident, respectively
** Circle Internet CRCL.N wobbles 4.9%
** Bitcoin BTC= slipped just over 1%, but was trading at its lowest in over a month
** Shares of crypto exchange Coinbase Global COIN.O drop 4.7%; quarterly results showed it returned to profitability 
** BTC hoarder Strategy MSTR.O loses 5.1%; revenue at Michael Saylor's firm also fell 3% YoY, results showed 
** Crypto miners Riot Platforms RIOT.O slides 5.4%, Mara Holdings MARA.O falls 4.8% 
** Retail trading platform Robinhood Markets HOOD.O tumbles 5.7%
** Shares of American Bitcoin ABTC.O, backed by two eldest sons of US President Donald Trump, down 2.8%; ABTC is a majority-owned subsidiary of Hut 8 HUT.O, also down 5.7%
** ProShares Bitcoin Strategy ETF BITO.P and iShares Bitcoin Trust ETF IBIT.O fall 3.6% each
** Bitcoin has lost about 11% YTD 
 

 (Reporting by Purvi Agarwal in Bengaluru)
 ((Purvi.Agarwal@thomsonreuters.com;))