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Binance, the world's largest cryptocurrency exchange, has lost an estimated $6.3 billion in a hacking attack, an incident analysts describe as the biggest crypto hack ever. U.S. blockchain analysis firm TRM Labs has attributed the theft to North Korean hackers, who moved approximately $6.36 billion out of the exchange. Korea Times reports the theft occurred on October 30, 2026. In response, Binance has frozen assets worth about $3 billion and stated that all losses will be covered by its insurance fund and company funds, emphasizing user safety. The hack has caused Bitcoin to fall below the $80,000 mark.