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Coinbase leads crypto stock selloff after Binance’s $6.3B security breach

Coinbase leads crypto stock selloff after Binance’s $6.3B security breach
AI summary

Crypto-related equities sold off sharply on Friday after Binance disclosed a $6.3 billion security breach the prior day. Coinbase led the decline, with Circle, Strategy and other crypto-linked stocks also falling. Traders are watching whether the breach triggers sustained risk-off flows across exchange tokens and listed crypto proxies.

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