Trump says US probing North Korea's possible role in $6.3 billion Binance crypto hack: 'We're looking at that'
Trump says the US is investigating whether North Korean hackers were behind the $6.3 billion Binance crypto attack.
US President Donald Trump informed reporters on Friday that his administration is investigating whether North Korean hackers may have been involved in the $6.3 billion cryptocurrency heist on Binance, the world's largest digital asset exchange. Trump acknowledged that the US had not reached a definitive conclusion and was still examining the possibility.
The massive theft has raised concerns about cryptocurrency security, as previous North Korean hacking groups have been accused of targeting digital asset companies for financial gain. In response to the attack, Binance temporarily halted withdrawals and pledged to cover the losses, stating that around $3 billion in cryptocurrency had been frozen across various blockchain networks.
Binance co-founder Yi He expected withdrawals to resume by Sunday. Trump also commented on Binance's handling of the situation, claiming the company assured him the matter was under control. The incident has reignited discussions about the safety of digital currencies and their potential vulnerabilities, particularly as cryptocurrencies continue to gain traction in traditional financial markets.
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