Wall Street closes sharply lower as AI cash burn fears spark tech selloff

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• How big a deal is the $6.3bn Binance crypto heist, who did it, and are investments safe?

• Tell us: have you been affected by the Binance hack?

• Full story: North Korean group blamed for biggest ever crypto heist

Most major cryptocurrencies have fallen in value since news of the Binance theft broke, Coinmarketcap data shows.

That includes:

Bitcoin: -2.35% over the last 24 hours, to $77,940

Ethereum: -3.6%, to $2,227

BNB: -5.6%, to $706

Solana: -2.67%, to $97

Chainlink: -3.1%, to $11.02

Temporarily suspended withdrawals while we complete a security revamp of the withdrawal service and its related addresses

Revoked the affected address authorizations

Engaged law enforcement and blockchain intelligence partners to trace and recover funds

Our team hasn’t stopped. We’re working closely with law enforcement to ensure the matter is handled appropriately - and I’ll share what I can, as soon as I can.

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