IB1T.L is trading at £5.79, down 4.28%, as crypto assets sold off after Binance disclosed a major security breach.
- Binance suspended withdrawals and estimated the impact at $6.3 billion.
- Bitcoin fell to a six-week low amid the fallout; fears over exchange security and market liquidity prompted broad risk aversion and leveraged-position liquidations.
- The broader technology sell-off may add pressure.