# Coinbase Shares Fall More Than 13% After Binance Discloses $6.3 Billion Theft

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/45065
Published: 2026-10-30T19:38:24.000Z
Updated: 2026-10-30T19:38:24.000Z
Section: Investing

> Circle, Strategy, IREN and Figure also fell Friday. Coinbase and Strategy released quarterly results the previous day.

Coinbase shares fell more than 13% Friday, leading declines among crypto-linked companies, one day after Binance disclosed a security breach involving about $6.3 billion in stolen funds.

Circle Internet Group lost more than 9%, Strategy fell about 8%, and IREN, a Bitcoin mining and data center operator, dropped more than 10%. Figure Technology Solutions, a blockchain-based financial services company, declined about 9%.

Binance confirmed Friday that the breach involved about $6.3 billion in stolen assets. The theft is the largest in cryptocurrency history.

Coinbase and Strategy released third-quarter results Thursday. Coinbase reported $1.16 billion in net revenue, down about 34% year over year. Strategy posted $125.4 million in revenue, down 3% from a year earlier.

Coinbase reported $719 million in net income, including about $715 million in gains on crypto investments; adjusted net income was $78 million. Strategy recorded $19.53 billion in net income, largely reflecting a $20.91 billion increase in the value of its Bitcoin (BTC) holdings.