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Binance Hack: US Firm Blames North Korea for $6.36B Theft
Binance, the world's largest cryptocurrency exchange, suffered the largest hacking damage in history, with U.S. blockchain analysis firm TRM Labs attributing the attack to North Korean hackers. TRM Labs reported that an attacker moved approximately $6.36 billion out of Binance, a figure confirmed by Yonhap and Korea Times. The hack has rattled global markets, with Bitcoin falling below $80,000 into the $77,000 range, according to Business Korea. Binance has announced the results of its initial investigation and has frozen assets after the heist, which analysts call the biggest crypto hack ever. The incident has also put a spotlight on how crypto exchanges insure digital assets, though insurance protection is far from complete, as Korea Times reports. Korean media outlets are covering the event extensively, with KBS World noting the estimated $6.3 billion loss and the ripple effect spreading across domestic and foreign exchanges. The reports consistently cite TRM Labs' attribution to North Korea, though the exact figure varies slightly between $6.3 billion and $6.36 billion across outlets.
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