North Korea denies being behind record $6.3bn Binance hack
US government agencies and cyber analysts have blamed Pyongyang for the record-breaking heist.
North Korea has rejected allegations that it orchestrated a $6.3 billion cyber heist of cryptocurrency exchange Binance, dismissing the claims as an "absurd rhetoric." Top official Kim Yo-jong, sister of leader Kim Jong Un, stated that the accusations are a "sinister attempt" by the United States to tarnish North Korea's public image.
The FBI, Secret Service, and cyber analysts have attributed the attack, described as the largest in history, to North Korea's state-backed hacking group TraderTraitor, also known as Lazarus Group. The FBI has called on industry partners to block transactions involving cryptocurrency accounts linked to the group. Kim Yo-jong accused the US of making a "trite provocation" by linking North Korea with the hack, labeling it a "grave political provocation" against the Democratic People's Republic of Korea.
North Korea has a history of blaming the US for cyber attacks, and has consistently denied involvement in previous high-profile incidents. The TraderTraitor group, believed to be responsible for the Binance hack and a previous $1.5 billion breach of Bybit, is alleged to be backed by North Korea's intelligence agency.
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