Coinbase leads crypto stock selloff following $6.3B Binance hack
0Importance
closedStatus
1News media
- Published
- Updated
Key claims & sources
Summary in preparation.
Market reaction i
Total crypto marketall crypto assets combined
no single asset in the event: read against the whole market
The total crypto market rose 0.7% in the 4 hours after the first headline, after falling 0.8% in the 2 hours before.
$2.6T
market cap at the headline
-0.8%
2 h before
+0.7%
4 h after
+0.6%
12 h after
First headline
48 prices, one every 30 minutes · The move was larger before the first headline than after: an observation, not an explanation. The market also moves on things nobody publishes.
Coverage timeline
Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.
first
Cointelegraph
scoop
Oct 30 17:48
Cointelegraph
scoop
Breaks the event: $6.3B
Thefts of a similar size
| When | What happened | Figure |
|---|---|---|
| 5.9 years ago | LuBian · Weak key generation incident | $3.5B |
| 5.6 years ago | Thodex · Scam incident | $2.5B |
| 5.4 years ago | Africrypt · Scam incident | $2.3B |
| 6.4 years ago | Wirecard · Scam incident | $2.1B |
| 5.2 years ago | BitConnect · Scam incident | $2B |
4285 incidents stored · 0 were as large as this one or larger ($6.3B)