Crypto shares drop after report of Binance hack Securities of the parent company of the cryptocurrency exchange Base Coin fell 5.15% to $152.3 in initial trading on Friday, October 30, at 13:30 Moscow time. Shares of Strategy, the largest public holder of bitcoin, lost 6.7% to $132.13, while fintech company Circle ( CRCL ), creator of the USDC token, fell 6.5% to $74.8. The night before, it became known that the crypto exchange Binance had been hacked. According to the company, the damage from the incident is estimated at 6.3 billion dollars. Unknowns gained access to the service container and initiated unauthorized transactions. Binance has temporarily suspended deposits and withdrawals. Stablecoin operators Tether and Circle reported blocking $1.7 billion worth of stolen assets. Binance has assured that user funds are safe, and company services are investigating the incident. Frederick Collins, CEO of cryptocurrency data platform Velo Data, noted that a drop in confidence in Binance could negatively impact the perception of the entire crypto industry. Until now, the incident with the Babbitt exchange in February 2025 was considered the biggest hack in the history of the crypto industry. So the attackers stole more than $1 billion worth of tokens. Read more Shares of crypto companies fall after the hack of the Binance exchange.

Crypto shares drop after report of Binance hack Securities of the parent company of the cryptocurrency exchange Base Coin fell 5.15% to $152.3 in initial trading on Friday, October 30, at 13:30 Moscow time. Shares of Strategy, the largest public holder of bitcoin, lost 6.7% to $132.13, while fintech company Circle ( CRCL ), creator of the USDC token, fell 6.5% to $74.8. The night before, it became known that the crypto exchange Binance had been hacked. According to the company, the damage from the incident is estimated at 6.3 billion dollars. Unknowns gained access to the service container and initiated unauthorized transactions. Binance has temporarily suspended deposits and withdrawals. Stablecoin operators Tether and Circle reported blocking $1.7 billion worth of stolen assets. Binance has assured that user funds are safe, and company services are investigating the incident. Frederick Collins, CEO of cryptocurrency data platform Velo Data, noted that a drop in confidence in Binance could negatively impact the perception of the entire crypto industry. Until now, the incident with the Babbitt exchange in February 2025 was considered the biggest hack in the history of the crypto industry. So the attackers stole more than $1 billion worth of tokens. Read more Shares of crypto companies fall after the hack of the Binance exchange.