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Binance Suspected $5.8B Hack Rattles Crypto Markets

Binance, the world's largest cryptocurrency exchange, is suspected of suffering a major hack, with reports of over $5.7 billion (about 7.63 trillion won) in virtual assets stolen, according to Bloomberg. Business Korea reports Bitcoin fell below $80,000 into the $77,000 range amid the anxiety, while major stablecoin issuers have frozen about $2.3 billion (about 3 trillion won) in related funds to prevent potential damage, per Dong-a Ilbo. Chosun Ilbo notes the suspected stolen assets include about $1.5 billion in Bitcoin and $900 million in Ethereum, and Binance has temporarily suspended user withdrawals. Korean reactions focus on market jitters and security concerns, with Korea Times reporting a separate data breach at Bithumb leaking hundreds of customers' personal information, and a cybersecurity expert calling for a new playbook as AI changes the hacking paradigm.

  1. Bitcoin Sinks Below $80,000 as Suspected $5.8 Billion Binance Hack Rattles Markets Business Korea · 2026-10-30
  2. 바이낸스도 7조원대 해킹 피해 의혹… 이용자 출금 일시 중단 조선일보 · 2026-10-30
  3. 바이낸스도 해킹에 뚫렸다…3조 원대 자금 동결 동아일보 · 2026-10-30
  4. Hundreds of customers' personal information at Bithumb leaked in hacks Korea Times · 2026-10-29
  5. Fines won't fix problem: Korea needs new playbook as AI changes hacking paradigm Korea Times · 2026-10-29

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