Reported about 16 hours ago
The crypto market celebrated Coinbase's SEC victory when news broke of the largest ever hack on Bybit, which resulted in a theft of nearly $1.5 billion in tokens. This incident highlighted the inherent risks in the crypto industry, contrasting the optimistic outlook after Coinbase's favorable regulatory news. Following the hack, Bitcoin and other major cryptocurrencies experienced significant declines, and Coinbase's stock also plummeted over 8%.
Source: YAHOO