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Binance Hit by Record $6.3B Hack, N. Korea Blamed
Binance, the world's largest crypto exchange, lost about $6.3 billion (8.4 trillion won) in what analysts call the biggest crypto hack ever, with U.S. firm TRM Labs blaming North Korean hackers. About $3 billion was frozen, and Binance says losses will be covered by its insurance fund (SAFU) and company funds. Bitcoin sank below $80,000 into the $77,000 range as markets reacted. Korean media report the attack may have entered via an engineer's laptop, and analysts say investors may rethink crypto risks.
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