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North Korea denies involvement in Binance hack and criticizes FBI probe as ‘a trite provocation’
Kim Yo Jong rejected the FBI’s attribution as politically motivated while analysts traced the stolen funds across 11 blockchains and 12,000 wallets.
- On Tuesday, Kim Yo Jong, sister of North Korean leader Kim Jong Un, rejected FBI findings linking the DPRK to the October 29 Binance hack. She labeled the accusation "absurd rhetoric" and a "grave political provocation," warning that Pyongyang would "reconsider" issues.
- Following the $6.3 billion theft, the FBI attributed the incident to the North Korean-linked hacking group TraderTraitor on October 31. Investigators observed the actors using roughly 12,000 wallets across 11 blockchains to launder the stolen digital assets.
- After replenishing approximately 95% of affected assets, Binance launched campaigns to manage net outflows and verify remaining reserves, beginning a phased resumption of withdrawals on November 2. The exchange said it covered most stolen assets using company funds.
- President Donald Trump expressed uncertainty regarding North Korea's involvement, noting that U.S. officials are still investigating the breach. Amid this diplomatic friction, Kim warned Pyongyang has "issues to reconsider" regarding U.S. hostility.
- A 2024 United Nations report estimated illicit cyber activity funds 40% of Pyongyang's weapons of mass destruction programs. This strategy mirrors the 2025 Bybit exchange heist, reflecting consistent efforts to maintain revenue channels.
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North Korean President Kim Jong-un’s sister stepped up to U.S. allegations of embezzlement of more than $6.3 billion in cryptocurrencies
·Los Angeles, United States
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North Korea denies the crypto-rob at Binance. Experts don't believe that, because hacking from North Korea has a system.
·Zürich, Switzerland
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Coverage Details
Total News Sources346
Leaning Left45Leaning Right44Center82Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 26%
C 48%
R 26%
Factuality
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