Coinbase leads crypto stock selloff following $6.3B Binance hack

Circle, Strategy and other crypto-linked stocks fell sharply Friday, a day after Binance disclosed a $6.3 billion security breach. Shares of publicly traded cryptocurrency companies fell sharply Friday, with Coinbase dropping more than 13% a day after reporting a decline in third-quarter revenue, as the industry dealt with Binance’s $6.3 billion hack. Other crypto-linked stocks also declined, with stablecoin issuer Circle Internet Group ( CRCL ) falling more than 9% and Bitcoin treasury company Strategy ( MSTR ) dropping about 8%, according to Yahoo Finance data at the time of writing.