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Binance Suspected Hack Causes Billions in Frozen Assets

Korean outlets report a suspected $5.8 billion hack at Binance, the world's largest cryptocurrency exchange, which has triggered a market sell-off and prompted major stablecoin issuers to freeze approximately $2.3 billion (about 3 trillion won) in related funds to prevent potential losses. Korea Times reports that blockchain analysis firm TRM Labs attributes the theft to North Korean hackers, estimating they moved approximately $6.36 billion out of the exchange. Meanwhile, Chosun Ilbo reports that hackers likely compromised a Binance employee's laptop to infiltrate the internal system, leading the exchange to temporarily suspend all deposit and withdrawal services and pledge full compensation for customer damages.

  1. Bitcoin Sinks Below $80,000 as Suspected $5.8 Billion Binance Hack Rattles Markets Business Korea · 2026-10-30
  2. Blockchain analysis firm TRM says North Korea behind $6.3 billion Binance crypto theft Korea Times · 2026-10-30
  3. 바이낸스도 해킹에 뚫렸다…3조 원대 자금 동결 동아일보 · 2026-10-30
  4. 세계 최대 코인거래소 바이낸스 해킹…피해 추정 8조 4000억원 조선일보 · 2026-10-30

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