The large listed companies linked to cryptocurrencies have taken a severe beating on the stock markets after the "security incident" with a total impact estimated at around 6.3 billion dollars (5.65 billion euros) that has hit Binance, considered the largest cryptoasset exchange platform.
Coinbase, the largest 'exchange' listed on the market, came to lose nearly 15% in the opening stages of the session, although it later moderated the drop to a decline of 13.5% compared with the closing price of the previous day.
In the same vein, Galaxy Digital (-12.24%), Robinhood (-9.31%), Bullish (-12.31%), BitGo (-11.23%) and Circle (-4.14%) recorded significant declines in the price of their shares on Wall Street, reflecting investors' unease before one of the largest episodes of this kind in the history of the crypto ecosystem.
Bitcoin also did not escape the impact of the hack and came to fall by around 4.5%, to mark lows at 77,218 dollars, thus accumulating a correction of 28.7% in the last twelve months, despite the rebound recorded in the last quarter.
Binance has confirmed that it has been the object of a "security incident" with an estimated total impact of around 6.3 billion dollars (5.65 billion euros). According to the company, thanks to cooperation with other blockchain partners it would have managed to freeze compromised assets worth some 3 billion dollars (2.69 billion euros), while temporarily suspending deposits and withdrawals while security checks are completed.
"Our teams are working around the clock to resolve this problem safely and thoroughly. We are working closely with law enforcement to confirm the identity of these criminals and bring them to justice," the company has indicated.
The cryptocurrency firm has explained that the first inquiries point to the incident possibly being linked to an engineer's laptop, which would have allowed an attacker to infiltrate the system and execute unauthorized withdrawal operations.
The platform has stressed that no signs of leakage of private keys from the wallets have been found and has reiterated its commitment to assume "all losses" through the emergency reserve fund (SAFU), created to safeguard users' funds.
Binance has emphasized that "it has already reserved more than 6,340 million dollars (5,684 million euros) of its funds to cover this incident", of which 5,000 million dollars (4,483 million euros) are already invested in the affected tokens, while it finishes acquiring the remaining amount through token purchases via market channels and OTC operations.
For its part, the financial cybersecurity specialized firm TRM Labs, based on solid information both on and off the blockchain, attributes responsibility for the cyberattack to TraderTraitor, the elite North Korea hacker unit, previously identified by the FBI as responsible for the attack against Bybit, valued at 1,500 million dollars (1,345 million euros), carried out in February 2025.
"We make this claim with high confidence", the firm has indicated in its analysis of the incident suffered by Binance, where it maintains that several characteristics of this attack match previous thefts linked to North Korea, including those of Bybit and KelpDAO in April 2026.