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FSC summons crypto exchanges after Binance hack

South Korea's financial authorities have urgently summoned domestic cryptocurrency exchanges following the hacking incident at Binance, the world's largest cryptocurrency exchange, which involved losses of around eight trillion won, KBS World reports. The meeting comes as the FBI has blamed North Korean hackers for the theft of more than $6 billion from Binance, and U.S. President Donald Trump has said the United States would talk to North Korea if it is found to be behind the heist. Binance has said it would resume withdrawals in phases after covering 95 percent of the $6.3 billion in stolen tokens, according to the Korea Times. Korean media coverage focuses on the scale of the hack and its ripple effects on the global cryptocurrency market and domestic and foreign exchanges, with Business Korea noting a massive ripple effect is spreading.

  1. FSC Calls Emergency Meeting with Crypto Exchanges after Binance Hack KBS World · 2026-11-02
  2. Trump Open to Confronting Pyongyang after FBI Blames N. Korea for Massive Binance Heist KBS World · 2026-11-02
  3. Binance to resume withdrawals after recovering bulk of $6 bil. in stolen funds Korea Times · 2026-11-01
  4. North Korea-Linked Group Suspected to Hit Binance with Massive Hack Business Korea · 2026-10-30

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