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Binance Hack Put at $6.3B, Not $8.5T; N. Korea Blamed

Korean outlets are reporting the Binance hack as the largest in crypto history, but with a figure of about $6.3 billion, not $8.5 trillion. Yonhap reports that U.S. blockchain analysis firm TRM Labs blamed North Korean hackers for the theft of an estimated $6.36 billion from Binance. KBS World says Binance announced initial investigation results on Thursday, and Korea Times notes the exchange froze assets after the heist, which analysts call the biggest crypto hack ever. Business Korea adds that Bitcoin sank below $80,000 into the $77,000 range as market anxiety grew. Korean coverage focuses on the scale of the loss and the North Korea attribution, with outlets like Korea Times also examining how crypto insurance works in the wake of the attack.

  1. (LEAD) N. Korean hackers blamed for record US$6.36 bln Binance cryptocurrency theft: U.S. firm Yonhap · 2026-10-30
  2. Binance Loses Some $6.3 Billion in Hacking Attack; TRM Labs Blames N. Korea KBS World · 2026-10-30
  3. Binance freezes assets after $6.3 bil. heist, crypto industry's biggest 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. Binance's $6.3 bil. hack: How crypto insurance works Korea Times · 2026-10-30

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