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Binance Hit by Record $8.4B Hack, N. Korea Blamed
Binance, the world's largest crypto exchange, suffered a hack that drained about $6.3 billion (roughly 8.4 trillion won), the largest crypto theft on record, Korean outlets report. U.S. blockchain analysis firm TRM Labs says North Korean hackers were behind the attack, which moved approximately $6.36 billion out of Binance; about $3 billion was frozen, and Tether (USDT) was involved. Yonhap and Maeil Business report TRM's attribution, while Dong-A Ilbo notes the scale as "역대 최대" (largest ever). Bitcoin fell below $80,000 into the $77,000 range amid market anxiety over the breach, according to Business Korea. Korean media coverage focuses on the unprecedented size and the North Korean link, with Kyunghyang Shinmun recalling a prior 2025 Bybit theft of $1.5 billion by the same group.
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