COINDESK · 2026-11-03 16:50 UTC

South Korea's president says country needs a 'cybersecurity czar' following $6.3 billion Binance hack

South Korean President Lee Jae Myung called for appointing a 'powerful cybersecurity czar' following the $6.3 billion Binance hack attributed to North Korea's TraderTraitor group. Lee stated the existing security system centered on inspections and after-the-fact responses has clear limitations, and proposed a government-wide body to coordinate cybersecurity across public and private sectors. South Korea's National Intelligence Service ordered security checks at over 2,100 government bodies and public institutions, while the science ministry is inspecting roughly 170 major private-sector…

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