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Binance's $6.3B Hack: North Korea Suspected, Markets Rattled

Binance, the world's largest cryptocurrency exchange, suffered the biggest crypto heist in history, with hackers stealing approximately $6.3 billion. U.S. blockchain analysis firm TRM Labs says North Korean hackers were behind the attack, moving about $6.36 billion out of Binance wallets, according to Yonhap and Korea Times reports. Binance has frozen about $3 billion in assets and says all losses will be covered by its insurance fund (SAFU) and company funds, with user funds safe. The attack has rattled markets, with Bitcoin sinking below $80,000 into the $77,000 range, as reported by Business Korea. Korean outlets are covering the event heavily, with Business Korea noting a massive ripple effect spreading across global and domestic exchanges, and KBS World reporting the loss is estimated at about 8.4 trillion won. Analysts suggest the attack could prompt investors to rethink crypto risks, per Korea Times.

  1. Binance's $6.3 bil. hack: How crypto insurance works Korea Times · 2026-10-30
  2. Binance freezes assets after $6.3 bil. heist, crypto industry's biggest Korea Times · 2026-10-30
  3. Blockchain analysis firm TRM says North Korea behind Binance crypto theft Korea Times · 2026-10-30
  4. Bitcoin Sinks Below $80,000 as Suspected $5.8 Billion Binance Hack Rattles Markets Business Korea · 2026-10-30
  5. 全球最大加密货币交易所币安遭黑客攻击 疑为北韩所为 KBS WORLD · 2026-10-30
  6. (2nd LD) N. Korean hackers blamed for record US$6.36 bln Binance cryptocurrency theft: U.S. firm Yonhap · 2026-10-30
  7. North Korea-Linked Group Suspected to Hit Binance with Massive Hack Business Korea · 2026-10-30

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