Crypto ‘scammers on overdrive’ as Binance customers pull billions from accounts after $6.3bn hack – business live
Published . Updated .
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Rolling coverage of the latest economic and financial news Yi He, co-founder of Binance, has said that its top priority is to “ensure the environment is secure, after which users can withdraw their funds and Binance can resume operations.” She rejected comparisons with collapsed rival FTX , writing on X: Every action has a motive. Look at some fraudulent exchanges that absconded, P2P platforms, and commercial banks: their ledgers are opaque; once the website is shut down, they simply abscond with the funds, the company is liquidated or goes bankrupt, and all they need to do is give you an arbitrary excuse. As for how much money was actually in the account and where it went, there is no way to know. These kinds of closures happen without any warning—they just disappear. There is no real operation, no one comes out to explain what happened, and it is even less possible for withdrawals to be opened. Continue reading...
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-6.7% 30d
iShares Bitcoin Trust: it follows bitcoin. Linked by “crypto” (crypto) in this story.
- XLF Financial Select Sector SPDR+1.6% 16d
Financial Select Sector SPDR: it holds banks. Linked by “banks” (banks) in this story.
- COIN Coinbase Global-28.6% 30d
Coinbase Global (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story.
- MSTR Strategy-13.7% 30d
Strategy (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story.
- MARA MARA Holdings-35.9% 9d
MARA Holdings (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story.
- RIOT Riot Platforms-9.5% 30d
Riot Platforms (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story.
- CRWD CrowdStrike Holdings-10.6% 7d
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
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| CIBR | +7.38% | +6.85% | base | -4.22% | -3.71% | -3.58% | -9.87% |
| IBIT | +4.24% | +6.39% | base | +0.12% | +1.55% | +4.61% | -0.92% |
| XLF | -0.87% | -0.73% | base | +1.79% | +1.15% | +4.67% | +1.89% |
| COIN | +11.38% | +13.37% | base | -4.66% | +1.47% | +6.02% | -3.78% |
| MSTR | +7.15% | +11.26% | base | -0.25% | +3.87% | +9.20% | -1.13% |
| MARA | +1.18% | +8.88% | base | -5.40% | +6.21% | -0.15% | -10.13% |
| RIOT | -1.41% | +13.21% | base | -8.60% | +9.62% | +19.90% | +18.88% |
| CRWD | +4.57% | +6.52% | base | -3.44% | -2.30% | -2.63% | -13.43% |
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.
Rolling coverage of the latest economic and financial news Yi He, co-founder of Binance, has said that its top priority is to “ensure the environment is secure, after which users can withdraw their funds and Binance can resume operations.”…
Source: The Guardian
This story
| Company | When | Move | Status |
|---|---|---|---|
| CIBR | that day | -4.22% | final price |
| CIBR | the next day | -3.71% | final price |
| CIBR | two days later | -3.58% | final price |
| CIBR | three days later | -9.87% | final price |
| CIBR | three days earlier | +6.85% | final price |
| CIBR | five days earlier | +7.38% | final price |
| COIN | that day | -4.66% | final price |
| COIN | the next day | +1.47% | final price |
| COIN | two days later | +6.02% | final price |
| COIN | three days later | -3.78% | final price |
| COIN | three days earlier | +13.37% | final price |
| COIN | five days earlier | +11.38% | final price |
| CRWD | that day | -3.44% | final price |
| CRWD | the next day | -2.30% | final price |
| CRWD | two days later | -2.63% | final price |
| CRWD | three days later | -13.43% | final price |
| CRWD | three days earlier | +6.52% | final price |
| CRWD | five days earlier | +4.57% | final price |
| IBIT | that day | +0.12% | final price |
| IBIT | the next day | +1.55% | final price |
| IBIT | two days later | +4.61% | final price |
| IBIT | three days later | -0.92% | final price |
| IBIT | three days earlier | +6.39% | final price |
| IBIT | five days earlier | +4.24% | final price |
| MARA | that day | -5.40% | final price |
| MARA | the next day | +6.21% | final price |
| MARA | two days later | -0.15% | final price |
| MARA | three days later | -10.13% | final price |
| MARA | three days earlier | +8.88% | final price |
| MARA | five days earlier | +1.18% | final price |
| MSTR | that day | -0.25% | final price |
| MSTR | the next day | +3.87% | final price |
| MSTR | two days later | +9.20% | final price |
| MSTR | three days later | -1.13% | final price |
| MSTR | three days earlier | +11.26% | final price |
| MSTR | five days earlier | +7.15% | final price |
| RIOT | that day | -8.60% | final price |
| RIOT | the next day | +9.62% | final price |
| RIOT | two days later | +19.90% | final price |
| RIOT | three days later | +18.88% | final price |
| RIOT | three days earlier | +13.21% | final price |
| RIOT | five days earlier | -1.41% | final price |
| XLF | that day | +1.79% | final price |
| XLF | the next day | +1.15% | final price |
| XLF | two days later | +4.67% | final price |
| XLF | three days later | +1.89% | final price |
| XLF | three days earlier | -0.73% | final price |
| XLF | five days earlier | -0.87% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Rohit Khanna bought Coinbase Global (COIN) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 59 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Gilbert Cisneros sold Coinbase Global (COIN), worth $1,001 - $15,000 on 18 Aug 2026. That is 76 days before publication. Filed 10 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, sold Coinbase Global (COIN), worth $1,001 - $15,000 on 10 Aug 2026. That is 84 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Strategy (MSTR), worth $1,001 - $15,000 on 10 Aug 2026. That is 84 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold CrowdStrike Holdings (CRWD), worth $100,001 - $250,000 on 21 Aug 2026. That is 73 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Gilbert Cisneros bought CrowdStrike Holdings (CRWD), worth $1,001 - $15,000 on 7 Aug 2026. That is 87 days before publication. Filed 10 Sep 2026. View the filing.
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).
This story
12 out of 100
“Crypto ‘scammers on overdrive’ as Binance customers pull billions from accounts after $6.3bn hack – business live” scores 12 out of 100. The score uses 1 sources.