Geopolitics Alpha

North Korea is likely culprit behind $6.3bn crypto hack, ‘largest heist in history’

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North Korea is likely culprit behind $6.3bn crypto hack, ‘largest heist in history’

Cryptocurrency exchange scrambles to freeze affected assets, with about $3bn located so far, and says it will cover losses

Directly affected

  • No company is named in this report.

Indirectly affected

  • IBIT iShares Bitcoin Trust-0.7% 30d

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

  • 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.

  • 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
IBIT+0.53%-0.04%base-4.33%after closeafter closeafter close
CIBRNo price data for this ticker———————
EWYNo price data for this ticker———————
COIN+2.28%+0.17%base-12.86%after closeafter closeafter close
MSTR+3.14%-0.18%base-6.23%after closeafter closeafter close
MARA-1.96%-1.05%base-7.54%after closeafter closeafter close
RIOT-8.75%-1.24%base-9.07%after closeafter closeafter close
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

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Binance exchange says it will cover customer losses as it scrambles to freeze affected assets, with about $3bn located so far Q&A: How big a deal is the $6.3bn crypto heist? Tell us: have you been affected by the Binance hack? Business liv…

Source: The Guardian

This story

CompanyWhenMoveStatus
COINthat day-12.86%still updating
COINthree days earlier+0.17%final price
COINfive days earlier+2.28%final price
IBITthat day-4.33%still updating
IBITthree days earlier-0.04%final price
IBITfive days earlier+0.53%final price
MARAthat day-7.54%still updating
MARAthree days earlier-1.05%final price
MARAfive days earlier-1.96%final price
MSTRthat day-6.23%still updating
MSTRthree days earlier-0.18%final price
MSTRfive days earlier+3.14%final price
RIOTthat day-9.07%still updating
RIOTthree days earlier-1.24%final price
RIOTfive days earlier-8.75%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).

This story

12 out of 100Price not final

“North Korea is likely culprit behind $6.3bn crypto hack, ‘largest heist in history’” scores 12 out of 100. The score uses 1 sources. The price is not final yet.