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 The world’s biggest cryptocurrency exchange, whose customers had withdrawn a net $4.72bn as of Monday after it was hit with what could be the…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's co-CEO Richard Teng stated that asset outflows from the exchange have normalized as North Korea rejected US allegations that it was behind a $6.3 billion cryptocurrency heist. The world's largest cryptocurrency exchange reported that 95% of the affected tokens had been replenished, and Binance is in "very strong financial health".
The FBI attributed the theft to North Korea, but the country dismissed the claims as "absurd rhetoric". North Korea has not yet responded to US President Donald Trump's overtures to resume summit diplomacy. The heist has raised concerns about North Korea's revenue streams and the potential impact of additional US measures targeting cryptocurrency wallets and exchanges.
Analysts say North Korean hackers are among the world's most prolific crypto thieves, and the country's illicit income is used to fund its weapons programs.
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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
