N. Korea Denies Involvement in Massive Binance Hack
[International] : Anchor: North Korea has denied any involvement in the recent multibillion dollar cryptocurrency heist targeting Binance. Kim Yo-jong, the influential sister of North Korean leader Kim Jong-un, dismissed the FBI’s accusations as “absurd rhetoric” and “nothing new” from the United States. Report: ... [more...]
North Korea has denied allegations from the FBI and other agencies that it orchestrated a massive cryptocurrency heist targeting Binance. Kim Yo-jong, the sister of leader Kim Jong Un, dismissed the accusations as "absurd rhetoric" and a "trite provocation" intended to damage the country's public image.
The hack, which Binance described as potentially the largest on record, involved the theft of more than $6 billion. The FBI, the Secret Service, and various cyber analysts have attributed the attack to a state-backed hacking group known as TraderTraitor. According to The Economic Times, this group was also responsible for a $1.5 billion hack of the Bybit exchange last year.
While blockchain researchers have traced billions in stolen cryptocurrency across networks, Kim Yo-jong stated that the U.S. is attempting to mislead international public opinion by linking the Democratic People's Republic of Korea to international cybercrimes. The FBI has called on industry partners to assist in blocking transactions linked to the identified group.
Brief written by urgent.news from KBS World Radio, CNBC, CNBC World, The Economic Times, BBC World — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.
