North Korea Denies Responsibility for $6.3B Binance Hack

North Korea is questioning whether the US could benefit financially from recovering the stolen crypto through its strategic reserve. The Democratic People’s Republic of Korea (DPRK) has rejected allegations by US investigators that it was responsible for last week’s hack on Binance. In a statement, Kim Yo Jong, who is the department director of the Central Committee of North Korea’s Workers’ Party, called Washington’s accusations a political provocation. North Korea Flips the Script on the US Kim’s statement, published by state news agency KCNA on November 3, accused the United States of repeatedly associating North Korea with major crypto thefts without justification, including last year’s $1.5 billion Bybit hack. The party official, who also happens to be the sister of leader Kim Jong Un, dismissed the latest claims as “absurd rhetoric and nothing new.” She also argued that Washington was trying to damage her country’s international reputation and interfere in its internal affairs. In one very pointed passage, Kim brought up the US government’s stated intention to confiscate illegally obtained cryptocurrency and add recovered assets to a national strategic reserve to paint it as ...