FINANCE

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Cryptocurrency exchange Binance is investigating a massive security breach after approximately $6.3 billion in digital assets were reportedly affected, in what analysts believe could become the largest cryptocurrency theft ever recorded.

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Super Micro Computer Inc shares slid sharply Friday, extending losses from the prior session after U.S. authorities charged co-founder Yih-Shyan Liaw in connection with an alleged scheme to move restricted artificial intelligence hardware to China.

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Bitcoin is on course to close out one of its worst weeks in months, with the cryptocurrency sliding to $62,500 on Friday and now sitting fully 50% below the all-time high of $126,000 it reached in September 2025.

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Bitcoin extended its sharp decline Thursday as selling pressure intensified across digital asset markets, dragging the world's largest cryptocurrency below a closely watched support zone. The move mirrors broader risk-off sentiment in global markets, where U.S. equities slid amid disappointing earnings and growing macroeconomic uncertainty.

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Bitcoin is on course to close out one of its worst weeks in months, with the cryptocurrency sliding to $62,500 on Friday and now sitting fully 50% below the all-time high of $126,000 it reached in September 2025.

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Binance, the world's largest cryptocurrency platform, and its founder, billionaire Changpeng Zhao, are facing a US lawsuit brought by victims and families of the October 7, 2023, attacks in Israel. The legal action accuses the company of illegally facilitating the transfer of millions of dollars to US-designated terrorist organizations, including Hamas and Hezbollah.

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Crypto exchange Coinbase said Tuesday it will cut roughly 700 roles, or about 14% of its global workforce, as part of a sweeping restructuring designed to navigate market volatility and accelerate its shift toward AI-powered operations.

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Crypto giant Coinbase has been hit with a hefty 21.5 million euro ($24.7 million) fine by Ireland's Central Bank, which accused the firm of severe transaction monitoring failures, including those potentially enabling criminal activities. The Central Bank of Ireland announced Thursday that Coinbase "breached its anti-money laundering and counter-terrorist financing transaction monitoring obligations between 2021 and 2025.”