North Korea Denies the Binance Hack, Calls FBI Investigation Fabricated
Kim Yo-jong, sister of North Korean chief Kim Jong Un, referred to as the FBI’s probe into the $6.3 billion Binance hack a “political provocation.” Yonhap News Agency reported her remarks on Tuesday.
She additionally mentioned Pyongyang is “carefully monitoring” the state of affairs. Hours earlier, state information company KCNA referred to as the theft claims a “fabrication,” Reuters reported.
Meanwhile, US companies are nonetheless asking exchanges to dam wallets tied to the stolen funds.
FBI Investigation Details on the Binance Hack
Attackers drained Binance, the world’s largest crypto trade, on October 29. Security researchers name it the largest crypto theft on report.
On October 31, the FBI blamed TraderTraitor. It is the North Korean group the bureau tied to the $1.5 billion Bybit theft in February 2025.
The FBI mentioned the hackers have been swapping most stolen belongings into Ethereum (ETH). It revealed linked pockets addresses and urged crypto companies to refuse transactions from them.
Blockchain monitoring companies TRM Labs and Chainalysis additionally linked the assault to North Korea. A detailed Binance hack investigation traces how the funds left the trade.
Donald Trump Weighs In
So far, the invoice has landed on the trade. Binance has resumed crypto withdrawals after saying it lined about 95% of buyer losses from reserves.
In Washington, the tone has been cautious. Speaking at Mar-a-Lago on Saturday, President Donald Trump performed down the assault.
“I’m not involved. We’re studying about it,” he said.
He added that the US didn’t but know whether or not North Korea was behind it. No US response to Kim’s remarks had been reported at the time of writing.
The subsequent check is whether or not exchanges can freeze the funds earlier than they’re cashed out. The recent Bitget hack timeline confirmed how briskly suspected North Korean thieves transfer.
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