North Korea rejects US accusation over $6.3bn Binance hack

North Korea has rejected claims by the United States that it was responsible for a $6.3 billion cryptocurrency hack at exchange Binance, calling the accusation a "grave political provocation". Kim Yo Jong, the sister of North Korean leader Kim Jong Un, stated in a statement carried by North Korea’s state-run Korean Central News Agency that the allegation was aimed at portraying her country as responsible for cybercrimes worldwide.

The FBI blamed North Korea, citing a state-backed hacking group "TraderTraitor", for the October 29 attack on Binance, the world's largest cryptocurrency exchange. The theft, estimated at $6.36 billion, is considered the largest cryptocurrency heist on record. The attack involved moving assets across multiple blockchains, with most transactions completed within 20 minutes, according to TRM. The FBI and Binance are working to trace and recover the stolen funds.