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Binance Loses $6.3 Billion in Crypto Hack, North Korea Suspected
Binance, the world's largest cryptocurrency exchange, lost approximately $6.3 billion in a hacking attack, according to an initial investigation by the company. The exchange stated that the attacker accessed the service container via an engineer's laptop and submitted unauthorized withdrawal transactions. Binance has frozen assets worth about $3 billion and said all losses will be covered by its insurance fund and company funds. Blockchain analysis firm TRM Labs attributed the theft to North Korean hackers, who moved approximately $6.36 billion out of the exchange. Business Korea reports that Bitcoin fell below $80,000 as market anxiety grew over the breach.


















