Politics1 min read

North Korea denies $6 bn Binance hack involvement

By · Published by Everything Blog

In short

North Korean official Kim Yo Jong publicly condemned the United States for reflexively blaming Pyongyang for global digital intrusions following the Binance attack. Although the FBI pointed to TraderTraitor, U.S. President Donald Trump told reporters at Mar-a-Lago that investigators are still reviewing the incident and have not reached a final conclusion. Meanwhile, South Korea confirmed it is coordinating with American and global partners to neutralize North Korean digital threats, recalling previous incidents like the 2014 Sony Pictures hack and the 2017 WannaCry assault.

Key points

  • North Korean leadership routinely denies involvement in major international cyberattacks…: North Korean leadership routinely denies involvement in major international cyberattacks despite repeated expert accusations linking hacks to its weapons funding.
  • American authorities continue their investigation into the Binance breach, with President…: American authorities continue their investigation into the Binance breach, with President Trump noting attribution has not been definitively settled.
  • South Korean officials are actively partnering with international allies to confront Nort…: South Korean officials are actively partnering with international allies to confront North Korean cyber operations that jeopardize the global digital economy.

Sources checked by our analysis pipeline: 1

Seoul: North Korea on Tuesday denied its involvement in the recent cryptocurrency heist at Binance, dismissing as "a trite provocation" a US announcement that North Korean hackers were behind the incident.

Binance, the world's biggest cryptocurrency exchange, said Friday that hackers stole more than USD 6 billion in what appears to be the largest cryptocurrency heist on record. The FBI later said the theft was orchestrated by North Korean hackers, attributing the attack to a hacking group known as TraderTraitor, which was also behind a USD 1.5 billion hack of the Bybit exchange last year.

Also Read: FBI says North Korea behind $6 billion crypto theft from Binance

On Tuesday, Kim Yo Jong, the influential sister of North Korean leader Kim Jong Un, called the FBI announcement "a trite provocation" and "an absurd rhetoric."

"This is not the first time that the US has attempted to spread misunderstanding of the DPRK in the international community, blindly linking the DPRK with the cyber crime' incidents whenever they occur on an international scale," she said in a statement, using the abbreviation of…

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