South Korea2026.11.03Digital Asset

President Lee: "Even the world's largest crypto exchange was hacked... reviewing a 'cybersecurity czar' body"

• President Lee Jae-myung raised the issue during a cabinet meeting held on the morning of November 3.
• He cited an unauthorized withdrawal of $6.3 billion (about 8 trillion won) from Binance on October 29 as an example of the scale of damage.
• He instructed officials to consider setting up a government-wide 'cybersecurity czar' body to unify oversight of public- and private-sector security functions.