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Binance's Record $6.3B Hack Blamed on North Korea
Binance, the world's largest cryptocurrency exchange, suffered the biggest hack in crypto history, with U.S. blockchain analysis firm TRM Labs estimating that North Korean hackers moved approximately $6.36 billion (about 8.5 trillion won) out of Binance wallets, Yonhap and the Korea Times report. The theft rattled markets, with Bitcoin sinking below $80,000 into the $77,000 range amid the anxiety, according to Business Korea. Binance announced initial investigation results and froze assets after the heist, while analysts say the attack could prompt investors to rethink risks, and the Korea Times notes insurance protection for such digital assets is far from complete. Korean outlets are closely covering the fallout, with KBS World reporting the exchange's loss estimate and Business Korea describing a massive ripple effect spreading across global and domestic exchanges.
- North Korea-Linked Group Suspected to Hit Binance with Massive Hack
- Blockchain analysis firm TRM says North Korea behind $6.3 billion Binance crypto theft
- Binance Loses Some $6.3 Billion in Hacking Attack; TRM Labs Blames N. Korea
- Binance freezes assets after $6.3 bil. heist, crypto industry's biggest
- Bitcoin Sinks Below $80,000 as Suspected $5.8 Billion Binance Hack Rattles Markets
- (LEAD) N. Korean hackers blamed for record US$6.36 bln Binance cryptocurrency theft: U.S. firm
- Binance's $6.3 bil. hack: How crypto insurance works
