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Binance hit by record $6.3B crypto theft, N. Korea blamed
Binance, the world's largest cryptocurrency exchange, suffered what analysts call the biggest crypto hack ever, with hackers stealing about $6.3 billion (roughly 8.4 trillion won), according to Korea Times and Yonhap reports. U.S. blockchain analysis firm TRM Labs said North Korean hackers were behind the attack, moving approximately $6.36 billion out of Binance wallets. Binance said the attacker may have accessed service containers via an engineer's laptop and submitted unauthorized withdrawal transactions; it has frozen about $3 billion in assets and pledged to cover losses via its insurance fund (SAFU) and company funds. Bitcoin fell below $80,000, sliding into the $77,000 range, as market anxiety grew, Business Korea reported. Korean media coverage highlights the scale and suspected North Korean involvement, with Chosun Ilbo noting such stolen funds are used for nuclear, missile, and weapons production. The attack could prompt investors to rethink risks, Korea Times noted.
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