Binance confirmed Friday that hackers stole about $6.3 billion, marking the largest cryptocurrency theft on record. Following the disclosure, Coinbase shares fell, while IREN dropped more than 10% and Figure Technology Solutions declined by about 9%. Coinbase nevertheless reported third-quarter net income of $719 million, largely driven by $715 million in gains on its cryptocurrency investments. Net revenue fell about 34% year over year to $1.16 billion, while its prediction markets business surpassed $200 million in annualized revenue. Strategy also reported net income of $19.53 billion, driven by a $20.91 billion increase in the value of its Bitcoin holdings, and announced that Andrew Kang will step down as chief financial officer on November 5.
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