Binance says outflows normalised as North Korea rejects US allegation over heist
Asset outflows from Binance have normalised and the company was in “very strong financial health”, its co-CEO said, as North Korea dismissed as “absurd rhetoric” US allegations that it was behind a $6.3 billion cryptocurrency heist on its platform. The world’s biggest cryptocurrency exchange, whose customers had withdrawn a net $4.72bn as of Monday after it was hit with what could be the…
Binance co-CEO Richard Teng told a Hong Kong fintech event that asset outflows from the exchange have normalised, stating the company is in "very strong financial health". He said 95% of the affected tokens had been replenished and that withdrawals were down to "normal" levels after an initial spike. North Korea dismissed US allegations that it was behind the $6.3 billion cryptocurrency heist on Binance's platform as "absurd rhetoric".
Kim Yo Jong, the sister of North Korean leader Kim Jong Un, said the allegations proved US hostility towards Pyongyang. North Korea faces scrutiny over cryptocurrency theft, which is believed to be a key source of funds for its weapons programmes. Analysts say North Korean hackers are among the world's most prolific crypto thieves, and the proceeds help finance the country's nuclear weapons and ballistic missile programs. North Korea denies allegations linking it to cryptocurrency theft and other cybercrimes.
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- Binance says outflows normalised as North Korea rejects US allegation over heist dawn.com
- North Korea says US allegations linking it to Binance heist are ‘absurd rhetoric’ dailymaverick.co.za
- North Korea slams FBI claims it was behind €5bn Binance hack and test fires missiles euronews.com
- North Korea says US allegations linking it to Binance heist are ‘absurd rhetoric’, KCNA says businesstimes.com.sg
- North Korea's crypto heists threaten global security koreatimes.co.kr
- North Korea’s latest provocations look familiar, but the dynamics have changed: Analysts channelnewsasia.com
