KOREA TIMES · 2026-11-03 09:12 UTC

Korean crypto exchanges on alert after $6.3 bil. Binance heist

South Korean crypto exchanges seek clearer regulatory rules on suspending withdrawals after a $6.3 billion Binance hack attributed to North Korea by the FBI. Chainalysis detected stolen funds being moved across blockchain networks and converted to bitcoin, including 970,522 Solana tokens worth $96.3 million. Financial authorities urged exchanges to strengthen defenses by storing more assets in offline cold wallets, with current rules requiring at least 80% in cold storage.

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