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North Korea denies involvement in Binance hack, criticizes FBI probe

North Korea denies involvement in Binance hack, criticizes FBI probe

Summary

North Korea denied U.S. claims that its hackers stole more than $6 billion from Binance. Kim Yo Jong called the FBI’s attribution “a trite provocation.” The FBI blamed the TraderTraitor group, which it linked to a previous major cryptocurrency theft.

Key Facts

  • Binance said hackers stole more than $6 billion from the exchange on Friday.
  • The FBI attributed the Binance theft to North Korean hackers and the TraderTraitor group.
  • The FBI also linked TraderTraitor to a $1.5 billion hack of the Bybit exchange last year.
  • Kim Yo Jong, the sister of North Korean leader Kim Jong Un, rejected the FBI’s announcement.
  • South Korea’s Foreign Ministry said North Korean cyber activity poses a growing threat to the global digital economy.
  • South Korea said it was cooperating with the United States and other countries to address the threat.
  • North Korea said Tuesday that it tested a new cluster warhead for strategic cruise missiles.
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