The selloff also hit Bitcoin mining and data center operator IREN (IREN), whose shares fell more than 10%, and blockchain-based financial services company Figure Technology Solutions (FIGR), which dropped about 9%.
The declines followed Thursday’s disclosure of a the Binance breach
The exchange confirmed Friday that hackers stole about $6.3 billion in the largest cryptocurrency theft on record. Related: Binance working with FBI to recover assets following $6.3B hack Coinbase and Strategy both reported third-quarter earnings Thursday, with gains on their crypto holdings lifting profits even as revenue declined. Coinbase reported $719 million in net income, boosted by about $715 million in gains on cryptocurrency investments.
Adjusted net income, which excludes investment gains and other items, was $78 million. Net revenue fell about 34% year over year to $1.16 billion. The exchange also reported that its prediction markets business surpassed $200 million in annualized revenue.