Geopolitics Alpha

Crypto giant Binance attempting to recover $6.3bn stolen in hack linked to North Korea

Published . Updated .

DEFENSECrypto giant Binance attempting torecover $6.3bn stolen in hacklinked to North KoreaGEOPOLITICS ALPHA

The cyber-attack, which the company describes as complex, is believed to be the largest ever of its kind.

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-0.7% 30d

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

  • EWY iShares MSCI South Korea ETF-10.7% 30d

    iShares MSCI South Korea ETF holds stocks listed in South Korea, which this story is about (“korea”).

  • COIN Coinbase Global-17.3% 30d

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

  • MSTR Strategy+9.2% 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-42.2% 30d

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

  • CRWD CrowdStrike Holdings+20.6% 14d

    CrowdStrike Holdings (prepackaged software): 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+0.53%-0.04%base-5.14%after closeafter closeafter close
EWYNo price data for this ticker———————
COIN+2.28%+0.17%base-10.88%after closeafter closeafter close
MSTRNo price data for this ticker———————
MARANo price data for this ticker———————
RIOTNo price data for this ticker———————
CRWDNo 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

Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.

The cyber-attack, which the company describes as complex, is believed to be the largest ever of its kind.

Source: BBC

Defense

CompanyWhenMoveStatus
COINthat day-10.88%final price
COINthree days earlier+0.17%final price
COINfive days earlier+2.28%final price
IBITthat day-5.14%final price
IBITthree days earlier-0.04%final price
IBITfive days earlier+0.53%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 the defense case looks

12 out of 100

“Crypto giant Binance attempting to recover $6.3bn stolen in hack linked to North Korea” scores 12 out of 100. The score uses 1 sources.