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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.


















