Ask what Korea is talking about.

Binance, the world's largest cryptocurrency exchange, lost about $6.3 billion in what analysts call the biggest crypto hack ever, and U.S. blockchain analysis firm TRM Labs says North Korean hackers were behind it, moving approximately $6.36 billion out of Binance. Yonhap reports the theft is purportedly the work of North Korean hackers, and KBS World says Binance announced initial investigation results Thursday. The hack has spread a massive ripple effect across global and domestic exchanges, with Bitcoin sinking below $80,000 into the $77,000 range amid market anxiety, according to Business Korea. Korea Times adds that Binance has frozen assets after the heist, and that the attack could prompt investors to rethink risks, while also spotlighting how crypto exchanges insure against theft—though insurance protection is far from complete. Korean outlets are covering the event as a major market shock, with Business Korea noting the largest hacking damage in history and a spreading ripple effect across domestic and foreign exchanges.