North Korea denies involvement in $6.3B Binance hack, calls FBI claims absurd

Kim Yo Jong rejected US allegations linking Pyongyang to the record crypto theft after the FBI attributed the attack to North Korea's TraderTraitor hacking group. North Korea has denied involvement in the $6.3 billion Binance hack, with Kim Yo Jong, sister of leader Kim Jong Un, calling US allegations linking the country to the record crypto theft “absurd rhetoric.” In a statement carried by state news agency KCNA and reported by Reuters, Kim accused Washington of attempting to portray North Korea as a “cyber criminal state” following the FBI’s attribution of the attack to a state backed hacking group. Kim, a senior ruling party official, described the allegations as a “grave political provocation,” accusing the US of misleading international public opinion by blaming North Korea for cybercrimes committed around the world. The denial follows an October 31 FBI advisory identifying North Korea’s TraderTraitor operation as responsible for the theft of more than $6 billion in crypto assets from Binance. The agency said investigators observed the attackers converting stolen funds primarily into Ethereum, with further laundering expected through decentralized finance platforms and instan...