North Korea denies allegations of $6.3 billion Binance crypto heist

North Korea has formally rejected accusations from U.S. authorities that the state is behind a massive cyberattack on the cryptocurrency exchange Binance. The breach resulted in the theft of digital assets valued at approximately $6.3 billion. On October 31, the U.S. Federal Bureau of Investigation (FBI) attributed the attack to the hacker group 'TraderTraitor,' asserting that the group maintains ties to the North Korean regime.

Kim Yo Jong, a high-ranking official and sister of leader Kim Jong Un, dismissed the American allegations as 'absurd rhetoric.' In a statement released via the official KCNA agency, she characterized the claims as a political provocation and a coordinated attempt by Washington to damage the international reputation of the Democratic People's Republic of Korea by scapegoating the country for global cybercrimes.

Following the identification of the alleged perpetrators, the FBI announced that it is actively monitoring the movement of the stolen cryptocurrency funds. The agency has formally requested that digital service providers and global exchange platforms block any transactions associated with the stolen assets as the investigation continues.