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North Korea Blamed for Record $6.36B Binance Hack
Binance, the world's largest cryptocurrency exchange, suffered the biggest hack in crypto history, with U.S. blockchain analysis firm TRM Labs estimating that North Korean hackers moved approximately $6.36 billion out of Binance wallets, Yonhap and the Korea Times report. The theft, which analysts call the largest crypto hack ever, has rattled global markets, with Bitcoin sinking below $80,000 into the $77,000 range amid the anxiety, Business Korea reports. Binance has announced the results of its initial investigation and frozen assets after the heist, while the attack has also put a spotlight on how exchanges insure digital assets, though insurance protection is far from complete, the Korea Times notes. Korean media coverage focuses on the scale of the theft and the attribution to North Korea, with outlets like KBS World and Business Korea highlighting the ripple effect spreading across the global cryptocurrency market and domestic and foreign exchanges.
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