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Binance, the world's largest cryptocurrency exchange, lost an estimated $6.3 billion in a hacking attack, with U.S. blockchain analysis firm TRM Labs attributing the theft to North Korean hackers. TRM Labs reported that "an attacker moved approximately $6.36 billion out of Binance wallets," making it the largest crypto heist in history, according to Yonhap and Korea Times. The attack has rattled markets, with Bitcoin falling below $80,000 into the $77,000 range, as Business Korea reports. Binance has frozen assets following the breach, and the incident has sparked discussions about how crypto exchanges insure against such thefts, with Korea Times noting that insurance protection is far from comprehensive. Korean outlets are closely covering the event, emphasizing the record scale of the theft and its potential ripple effects on global and domestic exchanges.