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Binance, the world's largest crypto exchange, has suspended all deposits and withdrawals amid suspicions of a hack involving up to $5.8 billion (about 7.7 trillion won), Business Korea and Chosun Ilbo report. Major stablecoin issuers have frozen about $2.3 billion (3 trillion won) in related funds to prevent potential damage, Dong-A Ilbo reports. Bitcoin fell below $80,000 into the $77,000 range, and domestic exchanges like Upbit and Bithumb have advised caution on asset withdrawals to Binance, according to Chosun Ilbo. The presidential office held an emergency meeting on Oct. 28 over financial-sector hacking attacks, and the government plans large-scale vulnerability inspections on around 170 key IT infrastructures, Yonhap and Korea Times report. Korean media and officials are reacting with alarm, with a cybersecurity expert telling Korea Times that fines and stricter regulations are no panacea for AI-assisted cyberattacks, calling for a new playbook.