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Binance users withdraw $3.6bn after record crypto hack

Published . Updated .

Binance users withdraw $3.6bn after record crypto hack

The exchange froze transactions in the wake of the incident, which impacted $6.3bn worth of digital assets.

Directly affected

  • No company is named in this report.

Indirectly affected

  • CIBR First Trust NASDAQ Cybersecurity ETF+6.1% 30d

    First Trust NASDAQ Cybersecurity ETF: it holds cybersecurity firms. Linked by “hack” (cybersecurity) in this story.

  • IBIT iShares Bitcoin Trust-11.5% 30d

    iShares Bitcoin Trust: it follows bitcoin. Linked by “crypto” (crypto) in this story.

  • COIN Coinbase Global-28.7% 30d

    Coinbase Global (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story.

  • MSTR Strategy-22.5% 30d

    Strategy (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story.

  • MARA MARA Holdings-9.9% 8d

    MARA Holdings (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story.

  • RIOT Riot Platforms-47.1% 30d

    Riot Platforms (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story.

  • CRWD CrowdStrike Holdings+5.9% 13d

    CrowdStrike Holdings (prepackaged software): hacks and breaches raise demand for security software. Linked by “hack” (cybersecurity) in this story.

  • PANW Palo Alto Networks-1.6% 30d

    Palo Alto Networks (computer peripheral equipment): hacks and breaches raise demand for security software. Linked by “hack” (cybersecurity) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
CIBRNo price data for this ticker———————
IBIT+4.24%+6.39%baseafter closeafter closeafter closeafter close
COIN+11.38%+13.37%baseafter closeafter closeafter closeafter close
MSTR+7.15%+11.26%baseafter closeafter closeafter closeafter close
MARA+1.18%+8.88%baseafter closeafter closeafter closeafter close
RIOT-1.41%+13.21%baseafter closeafter closeafter closeafter close
CRWDNo price data for this ticker———————
PANWNo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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The exchange froze transactions in the wake of the incident, which impacted $6.3bn worth of digital assets.

Source: BBC

This story

CompanyWhenMoveStatus
COINthree days earlier+13.37%final price
COINfive days earlier+11.38%final price
IBITthree days earlier+6.39%final price
IBITfive days earlier+4.24%final price
MARAthree days earlier+8.88%final price
MARAfive days earlier+1.18%final price
MSTRthree days earlier+11.26%final price
MSTRfive days earlier+7.15%final price
RIOTthree days earlier+13.21%final price
RIOTfive days earlier-1.41%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

How solid “Binance users withdraw $3.6bn after record crypto hack” looks

12 out of 100

“Binance users withdraw $3.6bn after record crypto hack” scores 12 out of 100. The score uses 1 sources.