North Korea denies involvement in Binance hack
6.6 Security North Korea denies US claims of involvement in the $6.3B Binance hack, calling them political provocation and absurd attempts to discredit the country.
North Korea has firmly denied accusations by the US Federal Bureau of Investigation (FBI) regarding its alleged involvement in the historic $6.3 billion hack of the cryptocurrency exchange Binance. North Korean officials dismissed these claims as "absurd rhetoric" and labeled them a "serious political provocation." They also pointed out that the US has previously accused Pyongyang of cyberattacks on other crypto exchanges, such as Bybit. The FBI claims the attack was executed by the North Korean hacker group TraderTraitor, which is reportedly linked to DPRK intelligence services. In response, North Korean state media argued that Washington is attempting to mislead the global community by attributing major cybercrimes to Pyongyang. Following the incident, Binance temporarily suspended withdrawals, leading to a decline in cryptocurrency prices.
