Coinbase, MicroStrategy, Robinhood tumble after largest crypto hack ever

Oct 30, 2026 2:13 PM

The $6.3 billion Binance hack is a convenient distraction from a much darker reality: the crypto industry is fundamentally breaking. While everyone blames the "largest hack in history" for the current selloff, Coinbase’s transaction revenue had already plummeted 44% and Robinhood’s crypto revenue crashed 55% before the breach even occurred. This isn't a temporary security glitch; it's a total collapse of trading demand. Is the crypto dream finally dead?
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