Ask what Korea is talking about.

Binance, the world's largest crypto exchange, lost about $6.3 billion (roughly 8.4 trillion won) in what analysts call the biggest crypto heist ever, announced Oct. 30. U.S. blockchain firm TRM Labs says North Korean hackers moved approximately $6.36 billion out of Binance wallets, and Yonhap reports the attack may have come through an engineer's laptop. Binance has frozen about $3 billion in assets and says losses will be covered by its insurance fund (SAFU) and company funds. Bitcoin sank below $80,000 into the $77,000 range as markets reacted, Business Korea reports. Korean media, including Chosun Ilbo, note the stolen funds could finance North Korea's nuclear, missile, and weapons programs. The Korea Times reports the attack may prompt investors to rethink crypto risks, and insurance coverage for such thefts is limited.